Welcome to our dedicated page for Taylor Calvin B Bankshares news (Ticker: TYCB), a resource for investors and traders seeking the latest updates and insights on Taylor Calvin B Bankshares stock.
Taylor Calvin B Bankshares Inc (TYCB) maintains this dedicated news hub for stakeholders tracking developments at one of the Eastern Seaboard's oldest community banking institutions. Established in 1890, the company combines traditional relationship banking with modern financial services across its Delmarva Peninsula network.
This resource aggregates official press releases, regulatory disclosures, and financial updates essential for monitoring the bank's commercial lending activities, deposit product innovations, and community reinvestment initiatives. Users will find timely information on:
• Quarterly earnings and capital adequacy reports
• Strategic expansions in digital banking services
• Regulatory compliance updates including CECL implementation
• Community partnership announcements and local impact initiatives
Bookmark this page for direct access to primary source materials from TYCB's leadership team, ensuring informed decision-making about this century-old regional financial institution.
Taylor Bank has announced plans to open a new full-service branch in Cape Charles, Virginia, marking its 13th office and third full-service branch in Virginia since 2017. The branch, located at 645 Mason Avenue, is expected to open in 2025. It will offer a range of personal and business banking services, featuring modern amenities such as teller pods, a tech station, and drive-up lanes. Shannon Satterwhite and Lisa Lewis will serve as the branch's Lending and Business Development Officer and Branch Manager, respectively.
Since entering the Virginia market in 2017, Taylor Bank has actively supported local communities, contributing over $300,000 in donations. In the past year alone, the bank has donated more than $5,000 to various causes in Northampton County. This expansion reflects Taylor Bank's commitment to serving and supporting local communities, a tradition dating back to its founding in 1890.
Calvin B. Taylor Bankshares (OTCQX:TYCB), the parent company of Calvin B. Taylor Bank, has announced a quarterly cash dividend of $0.35 per share for Q2 2024. This dividend will be payable on August 8, 2024 to stockholders of record as of the close of business on July 29, 2024. The announcement demonstrates the company's commitment to providing regular returns to its shareholders, which may be viewed positively by investors seeking stable income from their investments.
Douglas A. Motley has been elected to the Board of Directors of Calvin B. Taylor Bankshares and its subsidiary, Calvin B. Taylor Bank. Motley, a seasoned real estate investor and entrepreneur, has overseen more than $500 million in capital investments over his 20-year career. He also has a background in corporate strategy and finance from his time at MBNA America Bank. Motley is active in various charitable and professional organizations and currently holds key roles in several Delaware-based housing and finance committees. Taylor Bank's CEO, Raymond M. Thompson, expressed confidence that Motley's extensive experience will enhance the bank's market presence and shareholder value, particularly in Sussex County, Delaware.
Calvin B. Taylor Bankshares, Inc. (TYCB) announced the opening of a Loan Production Office (LPO) in Salisbury, Maryland, to cater to commercial lending needs. The move reflects the company's commitment to serving the community and fostering growth. The LPO, situated at 1408 South Salisbury Boulevard, boasts a local lending and business development team, operating by appointment only. President and CEO Raymond M. Thompson expressed enthusiasm about expanding Taylor Bank's presence in Wicomico County and building partnerships for community advancement.
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