I am pleased to inform you that 2019 was another outstanding year for Taylor Bank. Due to the combined efforts of all our employees, we remain the best performing community bank in our peer group on the Delmarva Peninsula, and continue to operate in the top tier of all banks headquartered in the State of Maryland, regardless of asset size.
I highlight below a few key 2019 operational and strategic accomplishments:
Concluded a major renovation of the Main Office in Berlin to provide for a more efficient use of space, accomodate departmental growth, and upgrade control systems to improve building efficiency and decrease operating costs.
Acquired land and broke ground on our second branch location in Virginia. Our new Onley, Virginia branch should open by mid-2020, and will provide for organic growth opportunity in the lower Accomack and northern Northampton County, Virginia markets.
Concluded a renovation, including sub-division and creation of leased space at our Ocean View Branch to improve return on investment on previously under-utilized space.
Continued with systems upgrades, integration, technology enhancements, and communications to improve operational efficiency and delivery channels.
Graduated our first Professional Development class to enhance our depth chart.
Key new hires, and staff re-assignments and promotions across branches, departments, and business lines to “build the bench” for future management succession.
At Taylor Bank, we understand the impact and responsibility we have to the communities we serve. Taylor Bank continues to operate under a conservative philosophy that has been time tested. This philosophy has proven to be the best way to return value to our stockholders, customers, and our local communities. Our culture promotes capital accretion and preservation, a key driver of safety, soundness, stability, and most important, relevance and future viability.
As we conclude the “twenty tens” and embark on a new decade, we also celebrate our 130th Anniversary in 2020. Through an outstanding family of bank employees, and a time tested culture that has positioned us as a top performing community bank, we look forward to the next 130 years with excitement, enthusiasm, and optimism for the area we all call home.
On behalf of the Board of Directors, thank you for your continued support. If you are an existing customer, thank you for your business! If you are a prospective customer, we invite you to open an account and experience why Taylor Bank is “Always Here. For Good”.
Raymond M. Thompson
President and CEO