Berlin, Maryland – (NewMediaWire) – February 12, 2021 – Calvin B. Taylor Bankshares, Inc. (the “Company”) (OTCQX: TYCB), parent company of Calvin B. Taylor Bank (the “Bank”), today announced that its Board of Directors has elected Hale Harrison as Chair of the Board of Directors of the Company and the Bank.
Mr. Harrison joined the Company’s Board of Directors in October 1995 and the Bank’s Board of Directors in 1975. He owns and operates Harrison Group Resort Hotels in Ocean City, Maryland. Mr. Harrison is a former Councilman and Secretary for the Town of Ocean City, and former Chairman of the Ocean City Planning and Zoning Commission. He is also a past Chairman and member of the Finance Committee of the Board of Trustees of Atlantic General Hospital.
In addition to serving as Chair of the Board of Directors of the Company and the Bank, Mr. Harrison is Chair of the Bank’s Executive Compensation Committee and a member of its Governance Committee.
“As the Bank continues to grow, it is important that our Board composition and corporate governance initiatives align with the community banking industry and stockholder expectations. Mr. Harrison understands the community banking business and is highly respected by his Board colleagues and our bank employees. He is perfectly suited for this important leadership role,” said Raymond M. Thompson, President and Chief Executive Officer.
About Calvin B. Taylor Banking Company
Calvin B. Taylor Banking Company, the bank subsidiary of Calvin B. Taylor Bankshares, Inc. (OTCQX: TYCB), founded in 1890, offers a wide range of loan, deposit, and ancillary banking services through both physical and digital delivery channels. The Company has 12 banking locations within the eastern coastal area of the Delmarva Peninsula including Worcester County, Maryland, Sussex County, Delaware and Accomack County, Virginia.
Raymond M. Thompson, President and Chief Executive Officer