A Week In Business

A Week In Business

Bank Promotion 

WILLARDS – Marcia A. Jones has been promoted to head teller at the Willards branch of the Farmers Bank of Willards.

Jones has been employed with the bank since February 2005. She started as a teller at the West Ocean City office and later transferred to the Willards branch. Her responsibilities will include opening new accounts and oversee day-to-day operations on the teller line. 

Magazine Marks 5 Years

FRUITLAND – Delmarva Youth Magazine is celebrating five years of recognizing and highlighting the accomplishments of youth with a family event to celebrate its readers, supporters, contributors and Delmarva’s youth at large. 

The celebration will be held Saturday, May 30 at the Crown Sports Center in Fruitland from 11 a.m. until 5 p.m. There is something planned for all ages, including parents and grandparents. Day’s events include youth talent show, youth demonstrations and performances by area dance, karate, gymnastic studios and other youth performers, arts and crafts projects for kids, scavenger hunt, face painting, dunking booth, laser tag tournaments, American mustang presentation by Holly Ridge Farms, Battle of the Bands, parent-kid games, speakers, parent workshops, a family yard sale and more.

Admission to this event is Free and everyone in the community is invited.

Municipal Reporting Awarded

OCEAN CITY – The Certificate of Achievement for Excellence in Financial Reporting has been awarded to the Town of Ocean City by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR). The certificate of achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.

An Award of Financial Reporting Achievement has been presented to Martha Bennett Lucey, Ocean City Finance Administrator, as the individual designated by the town as primarily responsible for preparing the award-winning CAFR. This is the 21st year Lucey has received the award.

The CAFR has been judged by an impartial panel to meet the high standards of the program including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.

PRMC Earns Solid Bond Rating

SALISBURY – Peninsula Regional Medical Center, the leading provider of health care on the Delmarva Peninsula, has announced that Standard and Poor’s has affirmed its A/Stable long-term bond rating.

The rating is attached to the series 2006 Maryland Health & Higher Education Facilities Authority revenue bonds issued as part of the Medical Center’s $100 million construction and renovation project, which is nearing completion.

Despite the challenges facing all Maryland hospitals in fiscal 2010 from a rate reimbursement increase that is projected to be the lowest received in several years, Standard & Poor’s acknowledged that Peninsula Regional is well positioned with historically strong operating performance and solid profitability, generally strong debt service coverage, good liquidity and a modest debt burden. They also credited an excellent 72-percent market share, growth in outpatient services and a fairly conservative investment policy in a currently volatile market as key contributors to continuing the Medical Center’s A/Stable revenue bond rating.

Leadership at Peninsula Regional was also commended for reducing operating costs and creating opportunities for the Medical Center to become more efficient in its delivery of care.

“Standard and Poor’s bond rating affirms our strength, verifies that we are on the right track and helps to solidify our financial outlook,” said Peninsula Regional Medical Center President Peggy Naleppa. “By expanding the campus when we did and adding cutting edge services and technology, we have positioned ourselves-even in these times of great economic uncertainty-to be a financially stable health care provider for the people of the Delmarva Peninsula for many years to come.”

Top Producers Named

OCEAN CITY – ResortQuest Real Estate announced April’s top producers for all locations at a recent sales meeting

Pam Pridgeon of the Bethany Beach office received top honors for listing volume for the month of April. Top listing volume awards for individual agents by office are Pridgeon for the Bethany Beach office; Bill Hand for the Marketplace at Sea Colony Office; Steve Alexander for the Sea Colony/Edgewater office; Marc Grimes for the Bear Trap Dunes office; and Karla Morgan for the Bayside office.

Tammy Mushrush of the Bethany Beach office received top honor in sales volume for the month of April. Top sales volume awards for individual agents by office are Mushrush for the Bethany Beach office; Despina Kaneles for the Marketplace at Sea Colony office; and Morgan for the Bayside office.

Team Anne/Jen (Anne Powell & Jennifer Hughes) of the Bayside office received top honors for listing volume for teams for the month of April. Top listing volume team award by office are Team Jen/Anne for the Bayside office and Team Rob Arlett for the Bethany Beach office.

Team Dayna Feher (Dayna Feher, Jeff Wolfenbarger, Kae Quillen & Tammy Hitchens) received top honors for sales volume for the month of April. Top sales volume team award by office are Team Dayna Feher for the Bethany Beach office and Team Colleen/Missy (Colleen Windrow & Missy Nalewaik) for the Marketplace at Sea Colony office.