Mercantile Bankshares reports nine month earnings rise
Mercantile Bankshares Corp. and affiliate Fredercktown Bank & Trust reported nine month net income of 109.343 million, up 101 percent from 1997. Per share earnings were 1.39, up 94 percent. Net interest income rose 5.6 percent, assets and loans grew, and the efficiency ratio improved. Executives J. Bwan Gaeng and H Furlong Baldwin issued the report. Fredericktown operates seven full service offices in Frederick and one in Walkersville.
MENTIONED IN THIS ARTICLE
Mercantile Bankshares Corp
Fredercktown Bank & Trust
J. Bwan Gaeng
Fredericktown Bank
H Furlong Baldwin
Mercantile Bankshares
Fredericktown
Frederick
Walkersville Mercantile Safe Deposit and Trust Co
Market St
Monocacy Bancshares Posts Higher Nine Month Earnings
Monocacy Bancshares Inc reports net earnings of 2.343 million for the nine months ended Sept 30 up 43 percent from 1997. Earnings per share are 1.30 for the period, with quarterly results of 0.655 million and 0.36 and 0.22 per share. Total assets rise to 303.2 million at Sept 30, deposits up 33 percent, loans 166.8 million, securities 87.2 million. The firm cites loan quality, income sources, and efficiency gains, as it pursues its merger with F&M Bancorp expected by Nov 30, 1998. Dividend of 12 cents per share declared for record date Dec 23 and payable Oct 26.
MENTIONED IN THIS ARTICLE
Monocacy Bancshares Inc
Michael K. Walsc
Michael K. Walsh
Chhef
F&m Bancorp
Monocacy
Legg Mason
First Frederick Financial declares 10 cent dividend
First Frederick Financial Corp announces a per share cash dividend of 10 cents payable December 15 to shareholders of record November 15. The bank reports nine month net income of 1,006,529 dollars or 1.32 dollars per share on basic earnings, with asset base about 103.864 million dollars, up 12 percent from 1997. First Bank of Frederick operates five offices in Frederick County and one in Carroll County, and recently opened First Bank Mortgage Corp to support loans in multiple counties.
MENTIONED IN THIS ARTICLE
Investor's MarketPlace Inc
Classic Mortgage Co
Taneytown Bank Insurance Center
Trust Corp America
Maryland
First Frederick Financial Corp . Holding
First Bank of Frederick
Marilyn Young Named Woman of the Year by Frederick BPW
Marilyn Young received the 1998 1999 Woman of the Year honor from the Frederick Business and Professional Women's Club during National Business Women's Week October 13 to 23. Frederick Town Bank & Trust was named Employer of the Year, with praise for promoting women and a supportive work study program.
MENTIONED IN THIS ARTICLE
Marilyn Young
Frederick Bpw
Frederick Business and Professional Women’s Club
Fredericktown Bank &Trust
Anne Harper
Frederick
Marilyn
Ms. Harper
Fred Genau
Ms Harper
Bank
Herbert Hoover
Laura Melia
Fredericktown Bank & Trust
Fred Genan
Dollie Gibson
Ms. Gibson
Fredericktown Bank
T Bills Slide To Four Year Low In Auctions
U S Treasury sold 8 billion in three month bills at 2.850 percent and 8 billion in six month bills at 3.865 percent, both down from prior weeks. The three month rate marked the lowest since April 18, 1994 and the six month rate the lowest since March 28, 1994. A separate Fed report showed one year Treasury bill yields averaging 4.14 percent, down from 4.18 percent.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
Federal Reserve
Long & Foster awards 60 $1000 scholarships
Long & Foster Real Estate will grant 60 scholarships of 1000 dollars each to high school seniors entering an accredited four year college or university who show financial need and maintain at least a 3.0 GPA. Applicants must reveal leadership roles and community service or work experience. Deadline March 18.
MENTIONED IN THIS ARTICLE
Long & Foster Real Estate
Long & Foster
Long and Foster
Tax workshop set in Frederick November 12
The University of Maryland University College will present its 24th Maryland Federal and State Tax Institute for CPAs CFPs attorneys enrolled agents and tax preparers about new federal and state tax law developments including the IRS Restructuring and Reform Act of 1998. A workshop will be held from 1:30 to 4:30 pm Thursday November 12 at the Frederick Holiday Inn. For more information call 301-985-7644.
MENTIONED IN THIS ARTICLE
University of Maryland University College
Maryland Federal and State Tax Institute
IRS
Frederick Holiday Inn
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Sears
Bank of Amenca
Crown Amer
Fy Bakshi
Ferris Baker Watts
PR Newswire
First
Frederick Financial
Jack
Crumland Farms
Home Loan Corporation
Corney
Appear
W Uckinghame
Old Keene Mill Rd
Springfield
Eross
Generwores
W.digitalfrederick.com
The
South Market Street
ULM Cale
RICCO
CS Tcd
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