Douglas A. Motley Elected to Taylor Bank Board of Directors
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.
- Douglas A. Motley brings over 20 years of investment experience, having overseen $500 million in capital.
- Motley's background in corporate strategy and finance adds a strategic edge to the board.
- His involvement in charitable and professional organizations showcases a commitment to community and professional development.
- Raymond M. Thompson highlighted that Motley's skills will enhance products, services, and stockholder value.
- The appointment aims to increase Taylor Bank's market presence in Sussex County, Delaware.
- The press release does not detail immediate financial benefits or strategic plans resulting from Motley's appointment.
- No specific information is provided on how Motley's role will directly impact current financial performance or stock price.
- Lack of mention of new or innovative strategies being implemented following the appointment.
BERLIN, MD / ACCESSWIRE / June 13, 2024 / Calvin B. Taylor Bankshares, Inc. (the "Company") (OTCQX:TYCB), parent company of Calvin B. Taylor Bank (the "Bank") today announced that Douglas A. Motley has been elected to the Board of Directors of both companies.
Doug Motley is a real estate investor, entrepreneur, and business leader who has successfully co-founded several companies in his career. In his two decades in real estate, he has overseen the investment of more than
In addition to his business endeavors, Doug is active in a number of charitable and professional organizations. He is currently a Governor-appointed member and Chair of the Council on Housing for the State of Delaware, he serves on the Finance Committee for the Boys and Girls Clubs of Delaware, and is a member of the Bayhealth, Inc. Board Business & Investment Committee. Professionally, he is a member of the Urban Land Institute, CFA Society of Philadelphia, and the Private Equity CFO Association.
"We are delighted to welcome Doug Motley to the Board of Directors. His vast financial and leadership experience will bring valuable insights to the Board as we continue to enhance products and services for our customers and build stockholder value. Doug's market knowledge, community involvement and professional affiliations will also bring tremendous value as we increase our market presence in Sussex County, Delaware", commented Taylor Bank President & Chief Executive Officer, Raymond M. Thompson.
About Calvin B. Taylor Banking Company
Calvin B. Taylor Banking Company, the bank subsidiary of Calvin B. Taylor Bankshares, Inc. (OTCQX:TYCB), founded in 1890, offers a wide range of loan, deposit, and ancillary banking services through both physical and digital delivery channels. The Company has 11 banking locations within the eastern coastal area of the Delmarva Peninsula including Worcester County, Maryland, Sussex County, Delaware and Accomack County, Virginia.
Contact:
Raymond M. Thompson, President and Chief Executive Officer
410-641-1700, taylorbank.com
SOURCE: Calvin B. Taylor Banking Company
View the original press release on accesswire.com
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