Notes and quotes for August 2018

Things seen and overheard around the region last month, compiled by reporter Mike Lewis: ‘Driven by lists’ I follow the philosophy imparted to me by my father and mother: Service before self and excellence without arrogance. These themes have served me well throughout my career. On a daily basis, my life is driven by lists. Detailed lists keep me focused and on task, and they provide benchmarks about progress on key initiatives. — Mary J.C. Hendrix, the president of Shepherd University in Shepherdstown, W.Va., and a leading cancer researcher New housing Below is the number of new, privately owned housing […]

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Volvo, FedEx demonstrate platooning

Volvo Trucks North America, together with FedEx and the North Carolina Turnpike Authority, recently used advanced driver assistance system technology to conduct on-highway truck platooning as part of ongoing research collaboration. This marks the first public on-highway showcase of platooning technology between a major truck manufacturer and a transportation company in the United States, Volvo reported. In platooning, trucks follow one another closely, minimizing drag to save fuel. The test platoon consisted of three trained, professional truck drivers in Volvo VNL tractors, each pulling double 28-foot trailers. Through a wireless vehicle-to-vehicle communication technology, the tractors and trailers remained in constant […]

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Bottom lines: Our views on recent news

Here are our bottom-line views on a few items of note in the Crossroads Business Journal area: • Welcome to Rockwool (North America), which officially broke ground recently on its second stone wool insulation manufacturing facility in the United States. The new $150 million plant is being built in Ranson, W.Va. • Also welcome to Ring Container Technologies, which recently held a grand opening ceremony for its new facility near Hagers- town, Md. The company makes plastic containers. • Good luck to WVU Medicine Berkeley Medical Center in Martinsburg, W.Va., which has closed two deals to buy about 75 acres off Tavern Road […]

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Middletown Valley Bank announces approval to covert to holding company

MIDDLETOWN, Md. — Middletown Valley Bank’s shareholders recently approved converting to a bank holding company structure. Shareholders also approved adding two seats on the board of directors. “We are pleased that the shareholders voted to support the conversion to a bank holding company structure, which will provide flexibility as we continue to grow and service a larger client base,” President and CEO Robert “B.J.” Goetz Jr. said in a news release. “The addition of two seats on the board will allow the board to boost the expertise in certain areas and share in the increased responsibilities of being a larger […]

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‘We remain very optimistic about the future’

Mark Harrell, president and CEO of CNB Bank By MIKE LEWIS mlewis@crossroadsbizjournal.com Mark Harrell says the favorite part of his day is interacting with customers. As president and CEO of CNB Bank, Harrell oversees eight community-banking offices — two in Morgan County, W.Va.; three in Berkeley County, W.Va.; and three in Washington County, Md. — one in Hancock and two in Hagerstown. The locally owned bank offers a full array of financial services. Harrell holds a bachelor’s degree in finance and economics from Towson University. He also is a graduate of the Pennsylvania Bankers’ Association of Commercial Lending and of the […]

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CNB Bank celebrates recent grads

Lindsey Houle and Nicole Stotler of CNB Bank recently graduated from the West Virginia School of Banking in Charleston, W.Va.  This year’s class had 37 students from across the state.  The two-year program covers many areas of banking, including financial analysis, leadership and asset quality management, as well as a bank simulation. Houle has been with CNB Bank for six years and is currently an assistant vice president and branch manager of the Spring Mills office. She volunteers her time with the Martinsburg Centennial Lions Club. Stotler has been with CNB Bank for 13 years and is currently the finance […]

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Are you a manager or a leader?

There was a time when shift managers in a 20th century factory didn’t need leadership to achieve the weekly production goals. His or her job was to organize the work, assign the right people to the necessary tasks, coordinate the results, and ensure the job got done. The focus was on efficiency. In the today’s economy, management and leadership are not easily separated. In fact, successful organizations create environments that cultivate leadership in managers at every level. Today’s employees look to their managers not just to assign them a task, but to define the purpose of the activity. Managers still […]

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Business schools engage business community

Sustaining current economic growth requires fulfilling businesses’ demands for a highly skilled workforce. Higher education, particularly public colleges and universities, has a huge role in fulfilling the need for a highly skilled labor force. Historically, institutions of higher learning have been instrumental to economic growth and development because of their research and discovery; their ability to prepare students for the future workforce; to serve communities; and to provide overall economic impact. Despite colleges’ and universities’ commitment to economic growth and development, there have been concerns over student readiness to meet the future needs of industries. Businesses also have realized that […]

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On the Books for August 2018

Several large commercial real estate transactions have been closed in the Crossroads Business Journal area in recent weeks. The map shows some of the details about those deals. The information was taken from records maintained by the Maryland Department of Assessment and Taxation as well as deed records held by county clerk’s offices in Pennsylvania and West Virginia. The available details about property transactions vary from state to state. ­— Compiled by Mike Lewis […]

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Maryland Commerce designates new enterprise zone in Frederick County

FREDERICK, Md. — The Maryland Department of Commerce recently designated a new enterprise zone in Frederick County along the U.S. 40 corridor known as the “Golden Mile.” The new, 530-acre Frederick County Enterprise Zone includes approximately 350 businesses and 28 percent of the total commercial area in the city of Frederick. Since its development in the early 1970s, this area has seen a decline in activity because of changes in retail trends and the closure of Fredericktown Mall in 2014. The state approves the state’s enterprise zones, while local governments are responsible for their administration. Businesses in enterprise zones may […]

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