Business briefs

April 18, 2004

Bitner-Henry Insurance Agency

Bitner-Henry Insurance Agency and American Church Group have been named two of Brotherhood Mutual Insurance Co.'s 5-Star Agencies for 2003.

Both agencies were honored March 12 during an awards banquet at the company's corporate offices in Fort Wayne, Ind.

The annual awards recognize an agency's outstanding production and overall profitability to the company over a three-year period. A 5-Star rating is the highest bestowed by Brotherhood Mutual, which specializes in insuring churches and related ministries.

D&N Partnership

BOONSBORO - D&N Partnership of Boonsboro is a new member of the American Angus Association, said John Crouch, executive vice president of the national breed registry organization.

The association records ancestral information and keeps production records on individual animals for its members. These permanent records help members select and mate the best animals in their herds to produce high quality, efficient breeding cattle which are then recorded with the American Angus Association.

MidAtlantic Farm Credit

MidAtlantic Farm Credit has announced the distribution of more than $19.9 million to its member-borrowers as part of the cooperative lending organization's patronage refund program.

That figure represents almost a 25 percent return of the interest paid by members last year, and is a record return for the cooperative, MidAtlantic said in a news release.

Western Cary of Maryland

Western Cary of Maryland (262), whose headquarters is in Hagerstown, was recently recertified through the NAHB Research Center's Certified Insulation Contractors program.

The NAHB Research Center, a wholly-owned subsidiary of the National Association of Home Builders, administers the certification program and provides neutral third-party evaluation of participating contractors to ensure that they meet high quality installation standards.

Tower Bancorp

GREENCASTLE, Pa. - Tower Bancorp Inc., parent company of The First National Bank of Greencastle, reports earnings of $1,020,813 or earnings per share of 59 cents for the quarter ended March 31.

Return on equity was 9.99 percent and return on assets was 1.38 percent for the first quarter.

As of March 31, total assets stood at $298,046,000, an increase of 15 percent, or $39,385,000, over first quarter-end totals for 2003. Total loans reached $214,371,000, an increase of $27,112,000, or 14 percent. Total deposits were $210,850,000, an increase of $16,178,000, or 8 percent.

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