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Business briefs

August 03, 2008

Associated Builders and Contractors



Barr Construction Institute will offer new programs to students this fall.

Heating, ventilation and air conditioning (HVAC) training will be available Monday through Thursday from 9 a.m. to 1:30 p.m. beginning Sept. 8. The program runs for 18 weeks.

Students can register for individual classes, as well as the entire program in HVAC, plumbing, electrical and carpentry.

Programs are available for high school students. Customized training for businesses and individuals will be offered.

More than 40 seminars in all areas of construction trades, management, safety, licenses and certifications, and homeowner instruction will be offered.

Day, evening and weekend classes are available.

For information, call Bob Simmers, education director, at 301-739-1190 or go to www.abccvc.com.

The Barr Construction Institute is at 530 N. Locust St. in Hagerstown.

Maryland Health Care Commission



An informational meeting on the new Health Insurance Partnership offered by the State of Maryland through the Maryland Health Care Commission will be Tuesday, Aug. 26, from 8:30 to 10:30 a.m. at Celebrate Health & Wellness at 12803 Oak Hill Ave., Suite A, in Hagerstown.

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Under the Health Insurance Partnership, a small business that has between two and nine full-time employees, has not offered health insurance to its employees during the previous 12 months and has an average wage of less than $50,000 is eligible to receive a subsidy of as much as 50 percent of the premium. The total subsidy is divided between the employer and the employee based on the contribution each makes toward the cost of coverage.

Beginning Sept. 1, insurance agents and brokers will begin enrolling small businesses in health plans offered by CareFirst Blue Cross Blue Shield, Coventry Health Care, United HealthCare and Aetna. All health plans eligible for a subsidy will encourage wellness by offering a health risk assessment and by providing employees with incentives for preventive care, wellness activities or disease management. Coverage will begin Oct. 1.

Historical Entertainment LLC



CASCADE - Historical Entertainment LLC recently announced it has a new Web site at www.hetvfilm.com.

The Web site features a special "members only" section, detailed biographies and credit lists for project managers, and a film clip sample.

The Web site was designed by CB Studios in Hagerstown.

Historical Entertainment LLC offers special effects, props, wardrobes, stunts, actors and re-enactors for films. The company has worked on movies such as "Indiana Jones and the Kingdom of the Crystal Skull."

Verizon



Verizon is expanding its high-speed Internet service in Hagerstown.

The company is offering the service to about 300 additional customers and small businesses near South Pointe Drive.

Tower Bancorp Inc.



GREENCASTLE, Pa. - Tower Bancorp Inc., parent company of The First National Bank of Greencastle, recently announced net operating results for the second quarter and the six months ended June 30.

Tower Bancorp reported earnings of $1,597,619, or earnings per share of 69 cents, for the quarter ended June 30. Earnings decreased 7 percent over the second quarter of 2007.

Net income for the six months ended June 30 was $3,081,883, or $1.33 per share. Net income decreased 16 percent over the first six months of 2007.

As of June 30, total assets stood at $553,892,000, a 2 percent decrease over second quarter-end totals for 2007. Total loans were $398,864,000, a 3 percent increase, and deposits totaled $429,410,000, a 3 percent decrease.

Orrstown Financial Services Inc.



SHIPPENSBURG, Pa. - Orrstown Financial Services Inc. announced net operating results for the second quarter and the six months ended June 30.

Orrstown reported earnings of $3,603,000, an increase of 11.9 percent. Primary earnings per share were 56 cents for the second quarter compared to 50 cents per share for the second quarter of 2007.

Net income for the six months ended June 30 was $6,853,000, a 12.7 percent increase over the first half of 2007. Primary earnings per share grew from 95 cents during the first six months of 2007 to $1.07 in 2008.

The board of directors approved a third-quarter cash dividend of 22 cents per share payable to shareholders of record on Aug. 9. The dividend will be paid Aug. 22.

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