F&M Bancorp posts higher earnings in Q2 1998
F&M Bancorp of Frederick reports second quarter earnings up 10 percent to 3.2 million before special items or 50 cents a share, from 2.9 million and 46 cents. Six month results show a 13 percent rise to 6.355 million or 1.00 per share. CEO Faye E Cannon cites expansion in revenue and delivery channels, with annualized growth in Trust and Investment Management and a 5 percent stock dividend payable July 29.
MENTIONED IN THIS ARTICLE
F&m Bancorp
Frederick
Keller-Stonebroker Insurance Inc
Faye E. Cannon
Grain and soy futures drop as Midwest weather trends shift
Grain and soybean futures slid for a second day on the Chicago Board of Trade as forecasts called for hot dry weather to ease with moderate temperatures and rainfall. Wheat for December delivery fell to $2.86 a bushel, December corn dropped to $2.34, and December oats slipped by 1.5 cents.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Midwest
Ryder revenue and earnings rise in Q2 1998 report
Ryder System Inc reports second quarter 1998 revenue up 4 percent to 1.28 billion from 1.23 billion a year earlier. Continuing operations earnings total 51.2 million or 0.69 per diluted share, a 25 percent per share increase to 1.26. Also notes commodity prices: November soy beans at 5.75, August live cattle 61.92, feeder cattle 69.47, lean hogs 49.77, pork bellies 55.60. Maryland Insurance rep to visit Freder ick Aug 6 at Citizens Services Building 10 a.m. to 1 p.m. No appointment needed. call 1-800-492-6116 for details.
MENTIONED IN THIS ARTICLE
MIC
Maryland Insurance Commissioner’s Office
Citizens Services
N. Market St
Frederick
Lil Chesapeake Restaurant Opens in Frederick Maryland
Richard Cottone and his brother in law Chris Montgomery own Lil Chesapeake Restaurant at 1931 Thomas Johnson Drive Frederick offering fresh seafood. The family run venue serves crab cakes shrimp tuna and chicken salad crab soup and live crabs year round with daily house made desserts. The shop emphasizes cleanliness and uses lump crab meat with no fillers. Open 11 am to 9 pm Tue Thu 11 am to 7 pm Fri Sat Sun and closed Mon. Call 301 696 1445 for details.
MENTIONED IN THIS ARTICLE
Lil Chesapeake
Thomas Johnson Drive
Frederick
Richard Cottone
Chris Montgomery
Mr. Montgomery
Nora Fabian
Mr. Cottone
Gladhill Furniture Sold to Nicholson couple in Altoona
Gladhill Furniture Co. of Middletown, serving since 1915, has been sold to Jim and Jan Nicholson of Altoona Pa. He was former Wolf Furniture merchandise manager and she a design consultant. The new owners promise continuation of high standards while staff stay, with the firm occupying a four story Main Street building and carrying over 80 lines including Pennsylvania House Henkel Harris Natuzzi La-Z-Boy and Howard Miller.
MENTIONED IN THIS ARTICLE
Gladhill Furniture Co
Middletown
Jim
Jan Nicholson
Altoona
Nicholson
Wolf Furniture
Gladhill Furniture
Tradi
Gladhill
Ray C. Gladhill
Phyl Thompson
Betty Ray Romano
Gladhills
Main Street
Howard Miller
First United reports quarterly income and growth
First United Corp operating three Frederick County branches reports second quarter income of 1.75 million dollars or 28 cents per share, up from 1.70 million or 27 cents. Year-to-date income reaches 3.42 million, an 11.4 percent rise. CEO William B Grant cites efficiency gains and higher non interest income, with a year-to-date efficiency ratio of 61.62 percent and fee income up 0.41 percent versus 1997. Return on equity stands at 12.01 percent year-to-date, up from 10.82 percent. Loan growth totals 25.52 million, deposits at 493.18 million for the quarter.
MENTIONED IN THIS ARTICLE
First United Corp
Frederick County
William B Grant
PrimeVest and Trust Services
Grant
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Pyros Oc
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