Face Time for December 2017

Family Heritage Trust Co. FREDERICK, Md. — Wanda Mounts has been promoted to Family Heritage Trust Co.’s vice president of trust administration, which correlates with her increased responsibilities in administering individual and business accounts. Mounts has served as the primary trust administrator for FHTC since the organization opened its doors in January 2008. She earned her Bachelor of Science degree in business administration from Shepherd University and received her certified trust and financial adviser certification from ABA National Graduate Trust School at Northwestern University. Middletown Valley Bank MIDDLETOWN, Md. — Brian Ropp recently became chief financial officer of Middletown Valley […]

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On the Books

Multimillion-dollar deals in deed transfers Here’s a look at several large commercial real estate transactions that recently closed in the Crossroads area. The map above shows details about some of those deals, from a $9.5 million transaction for a building in Chambersburg, Pa., to a $740,000 agreement for a neighborhood shopping center in Hagerstown, Md. The information was taken from records maintained by the Maryland Department of Assessments and Taxation as well as records held by county clerk’s offices in Pennsylvania and West Virginia. The available details about property transactions varies among the states. […]

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Notes and quotes for December 2017

Things seen and overheard around the region last month, compiled by reporter Mike Lewis: ‘A lot of business’ “Just like everyone else, the fourth quarter is hopefully when you do a lot of business.” — Jan Martin, co-owner of E.L.M. Department Store in Greencastle, Pa. Median household income • Allegany Co., Md.: $40,551 • Berkeley Co., W.Va.: $55,239 • Franklin Co., Pa.: $53,916 • Frederick Co., Md.: $83,700 • Fulton Co., Pa.: $48,311 • Jefferson Co., W.Va.: $66,677 • Morgan Co., W.Va.: $39,324 • Washington Co., Md.: $56,228 — Source: U.S. Census Bureau, 2015 figures ‘Revitalize cities and towns’ “These […]

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Economists: Tax reform could cook up growth

But they differ on key ingredients to economic feast As the tax reform discussion raged in Washington, D.C., in November, two well-known Maryland economists said some of the proposals could help spur the nation’s economy. But Phillip L. Swagel and Anirban Basu said they weren’t sure the ideas will make it into a final proposal, or whether a bill will pass at all. “It’s still got a tough road ahead of it,” said Swagel, a professor in international economic policy at the University of Maryland’s School of Public Policy. “My guess is this gets no Democratic votes.” Swagel was assistant […]

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After merger, BB&T finds footing in region

After a merger with Susquehanna Bank and the adjustments such an acquisition brings, BB&T’s Western Maryland officials say they’ve “turned the corner.” “It takes time. BB&T knew it was going to take time,” said James Malfregeot, Western Maryland market president for BB&T. The merger was finalized two years ago. Susquehanna, based in Lititz, Pa., boasted $18 billion in assets and was a major factor in the regional market. BB&T, with $220 billion in assets, is one of the largest financial services holding companies in the country. It offers a range of financial services, including retail and commercial banking, investments, insurance, […]

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