A Week In Business

A Week In Business

Taylor Bank Tops Ranking

BERLIN – Raymond M. Thompson, President and CEO of Calvin B. Taylor Banking Company, has announced the bank was recently ranked the strongest bank in the nation as of June 30, 2008 by TheStreet.com, an online publication and leading provider of financial news, commentary, analysis, ratings, and business and investment. TheStreet.com is updated throughout the day to provide timely financial commentary, analysis and investigative journalism.   

“Calvin B. Taylor Bank received this rating for having superior capital adequacy, earnings, and asset quality, among other exceptional performance measurements,” said Thompson. “We are proud of this national ranking during a time when there is much concern about the overall health of the banking industry. Our customers, and the communities we serve, are again reminded that Calvin B. Taylor Bank continues to operate in a safe, sound, stable and secure manner, and we are open for business.”

Calvin B. Taylor Bank is a community bank providing deposit and loan services to consumers and businesses through 10 offices located in Worcester County and lower Sussex County.

New Product Launched

BERLIN – Mary Bradford of Bolt Headgear in Berlin announces the launch of her new product called Softailz™, a specialty headwear that gives cancer-chemo patients a more affordable alternative to an expensive wig or bulky head turban.

The new product is easy to put on and do not require any tying. They fit comfortable for most persons and are made of very soft, stretchy fabric. Fabric prints are unique, limited and fashionable. They are also great for motorcycle riders, surgeons, prep cooks and more.

Bolt Headgear products are retailing at 15 nationwide locations including Vernon Powell Shoes in Salisbury, Visions Day Spa in Ocean City, Frontiertown Camp Store in Berlin, Bravada’s Wigs in Fairfax, Va., Pineapple Princess in Rehoboth Beach, Del. and Hair Enhancements in Pittsburgh, Pa.

Dividend Announced

BERLIN – Calvin B. Taylor Bankshares, Inc. (TYCB) announced that its Board of Directors has declared an annual cash dividend of 85 cents per share. This dividend is payable on Dec. 31, 2008 to shareholders of record as of the close of business Nov. 14, 2008.

Calvin B. Taylor Bankshares, Inc. is the holding company for Calvin B. Taylor Banking Company in Berlin.

Digital Mammography Arrives

SALISBURY – The Breast Diagnostic Center at Peninsula Regional Medical Center has announced the addition of full field digital mammography to the comprehensive diagnostic services it provides for the early detection of breast cancer.

Peninsula Regional is the first facility in the region to offer this revolutionary imaging technology, which is showing great promise in the fight against breast cancer and is quickly becoming the standard in breast imaging.

Digital mammography uses computers and specially designed digital detectors to produce an image that can be displayed on a high-resolution computer monitor, transmitted and stored just like computer files. From a patient’s point of view, having a digital mammogram is very much like having a conventional screen-film mammogram. Both use compression and x-rays to generate images of the breast. However, instead of using film to capture and record the image, a digital mammogram uses a special detector to capture and convert x-ray energy into a digital image that appears on the technologist’s monitor in a matter of seconds.

“Digital mammography definitely has advantaged for the patient,” said David Walker, MD, Medical Director of the Breast Diagnostic Center at Peninsula Regional. “It’s quicker, offering a woman the convenience of having her mammogram without repeated imaging and exposure to radiation. For the radiologist, digital mammograms provide more comprehensive visibility. This translates into a win-win situation for the patient.”

Bank Honors Employees

BERLIN – Farmers Bank of Willards has announced its Employees Award winners for the second quarter of 2008.

The Customer Service Award went to Megan Carey, who has been working for the bank since September 2007.

The Employee Appreciation Award was given to Sandy Crouch, who has been employed at the bank for 5 ½ years as proof operator at the Shoppers World Branch.

AGH CEO Recognized

BERLIN – Michael Franklin, Atlantic General Hospital’s president and CEO, was presented with the Distinguished Alumni Award by Old Dominion University (ODU) this month.

The Distinguished Alumni Awards are given to ODU graduates in recognition of outstanding service to the community, state, nation or mankind, or for outstanding accomplishments in the graduate’s profession.

Franklin joined Atlantic General Hospital in October of 2005. Among initiatives he has promoted are the “30 Minute ER Promise,” an immensely successful program that continues to educate residents and visitors about the hospital’s commitment to timely emergency care, implementation of electronic medical records in physician offices throughout the AGH Health System, and serving on the board of directors as a founding member of Maryland eCare, a partnership initiative in Maryland to enhance the care delivery in intensive care units in Maryland hospitals.

Franklin has more than 20 years of healthcare leadership experience, having previously served as vice president of East Texas Medical Center in Tyler, Texas, and as chief operating officer of Shady Grove Adventist Hospital in Rockville, Md. prior to joining Atlantic General Hospital.