Taylor Bank purchased the long-vacant Burbage and Powell clothing store in 1983. The bank, with the approval of the Berlin Historical Commission, successfully renovated the building, which was occupied by executive offices and the computer department in 1985. Today the building houses loan offices.
Taylor Bank’s first ATM installation occurred in December 1989, with two additional ATMs installed in early 1990. As of 2007, we now have eleven ATMs – one at each of our offices – plus one located in the Atlantic General Hospital in Berlin.
The bank’s West Ocean City office, opened in 1991, has witnessed tremendous retail and residential development in West Ocean City. Opened for the convenience of our West Ocean City customers, it has become one of our fastest growing offices.
In 1993, the new Atlantic General Hospital opened in Berlin. Two of Taylor Bank’s retired directors, Dr. Frank Townsend and Mr. Irvin Bainum, worked tirelessly in leading the fundraising efforts. Taylor Bank was an early supporter of their efforts, pledging $100,000 to the hospital. This support continues today, as the bank makes annual contributions to the hospital’s foundation.
At a special stockholder meeting held on February 7, 1996, Taylor Bank’s shareholders approved a plan whereby the bank became a wholly-owned subsidiary of a new holding company, Calvin B. Taylor Bankshares, Inc. The primary purpose of this new holding company structure was to give management greater flexibility in the planning and execution of its business. As a result, the holding company became the sole stockholder of the bank and the stockholders of the bank became stockholders of the new corporation.
To allow our entry into Delaware, Calvin B. Taylor Bankshares, Inc. chartered a new bank, Calvin B. Taylor Bank of Delaware, which opened on May 22, 1998 in Ocean View, Delaware.This separate bank charter was converted to a branch of the Maryland bank in 2002.
A new branch office was built in Pocomoke, in 1998, to replace the aging downtown branch office building. This historic building was donated to the Pocomoke City Chamber of Commerce for their use. The South Pocomoke office was, then, consolidated into the new branch location in early 2000.
In 1991, Taylor Bank purchased the vacant building next door to the Main Office in Berlin, formerly Williams Tavern. An eight thousand square foot addition to the bank was built on that site. This two-story addition included a two-lane drive thru, a new data center on the ground floor, and the bookkeeping department, Boardroom and offices on the second floor. The new addition dedicated on November 23, 2003 was named the Cropper Building in recognition of the almost 100 years of dedicated service to the bank by Reese F Cropper, Sr., and Reese F. Cropper Jr.
The bank began providing imaged statements to its customers in 1999. A new state-of-the-art computer system was installed in November 2001. Since that installation, Taylor Bank has continually invested in technology to enhance our ability to provide superior service to our customers. Our electronic data storage was upgraded, and a teller system was installed. Internet Banking Bill Pay and telephone banking offers our customers 24/7 access to their account information.
In 2002 Raymond M. Thompson became the bank’s seventh president. Reese Cropper, Jr. continued as Chairman and C.E.O. In January 2006, Mr. Thompson was elected President and CEO, while Mr. Cropper retained the position of Chairman of the Board.
In February of 2007, the bank began electronically processing its incoming and outgoing checks with the Federal Reserve Bank. To further improve efficiency, remote branch capture (RBC) was installed in May 2007. RBC enabled the bank’s branches to electronically submit checks and deposits to our data center for processing, thereby speeding up the collection process.
And the story continues...