Business briefs 3/21

March 21, 2004

Cushwa and Stouffer Architects

Cushwa and Stouffer Architects LLC of 1 W. Franklin St., Hagerstown, has been awarded the design of a community of "universal design" houses by Lutheran Housing Services of Fairfax, Va.

The project includes the design of eight multistory residences where owners or family members may have special physical needs. Insurance merger

MARTINSBURG, W.Va. - Dale Nibert, chairman of the board of patrons of Mutual Fire Insurance, and John M. Miller III, chairman of the board of directors of Farmers and Mechanics Mutual Insurance of West Virginia, have announced an affiliation between their companies as of Jan. 27.

This working relationship is for the purpose of product development and for marketing of Patrons Mutual products through the agency force of Farmers and Mechanics and will serve policyholders throughout West Virginia.

Pictures Plus

WAYNESBORO, Pa. - Pictures Plus recently received a "Best in Class" award from Eastman Kodak Co. for its work in 2003.

The award was presented in February at the Photo Marketing Association trade show and convention in Las Vegas.

The award is based on store appearance, marketing executables, merchandising, customer service, associate training, product assortment and overall attention to detail.

Potomac Bancshares

MARTINSBURG, W.Va. - Potomac Bancshares Inc. President and Chief Executive Officer Robert F. Baronner Jr. announced the yearend results of the one bank holding company in Charles Town, W.Va.

Net income for the 12 months ended Dec. 31, 2003, was $2.674 million, compared to $2.459 million last year, an increase of 8.7 percent. On a per-share basis, basic earnings were $1.53 for the 12 months ended Dec. 31, 2003, compared to $1.37 for the 12 months ended Dec. 31, 2002.

Based on this earnings performance, the board of directors approved a first quarter dividend payment of 14 cents per share of common stock.

Manitowoc Crane Group

Manitowoc Crane Group, a business entity of The Manitowoc Co. Inc. and Kobelco Construction Machinery Co. of Tokyo, Japan, announced an agreement under which Manitowoc Crane's Deutsche Grove GmbH unit will supply all-terrain cranes to Kobelco.

The Kobelco-branded cranes will be sold exclusively in Japan.

The Herald-Mail Articles