Hale Harrison, Chair of the Board of Directors of Taylor Bank, Passes Suddenly on October 17, 2022

Rhea-AI Summary

Calvin B. Taylor Bank announced the sudden passing of Hale Harrison, its long-time Board Chair, on October 17, 2022. Mr. Harrison, a board member since 1975, was instrumental in the bank's operations and a respected leader in the Ocean City tourism industry. His contributions included chairing the Executive Compensation Committee and serving on the Governance Committee. President Raymond M. Thompson expressed deep gratitude for Harrison's leadership, highlighting his business acumen and dedication to the bank and its employees. Calvin B. Taylor Bank operates across the Delmarva Peninsula.

Positive

• Hale Harrison's long tenure (47 years) provided stability and deep industry knowledge.
• Under Harrison's leadership, the bank benefitted from his expertise in the Ocean City tourism sector.

Negative

• The sudden loss of Harrison may create a leadership void and disrupt continuity in the board.
• His absence could impact strategic decision-making given his extensive experience.

BERLIN, MD / ACCESSWIRE / October 18, 2022 / Raymond M. Thompson, President and Chief Executive Officer of Calvin B. Taylor Bank announced that long-serving Board member Hale Harrison passed away suddenly on Monday, October 17, 2022. Mr. Harrison first joined the Board of Directors on January 8, 1975. He was elected Chair of the Board of Directors on December 9, 2020. Mr. Harrison also served as Chair of the Executive Compensation Committee and was a member of the Governance Committee.

Mr. Harrison co-owned and operated the Harrison Group Resort Hotels in Ocean City, Maryland. He was a former Councilman and Secretary for the Town of Ocean City, and was a former Chair of the Ocean City Planning and Zoning Commission. He was also a past Chair and member of the Finance Committee of the Board of Trustees of Atlantic General Hospital.

President Thompson remarked, "During his 47 years of service on our Board, Mr. Harrison was the bank's in-house expert on the Ocean City tourism industry. An outstanding business and civic leader, Mr. Harrison's sharp business acumen combined with his quiet way endeared him to all who knew him. We will miss his exceptional leadership as our Board Chair. He was extremely proud of our bank, and our bank employees."

About Calvin B. Taylor Bank
Calvin B. Taylor Bank, 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 12 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 Bankshares, Inc.

View source version on accesswire.com:
https://www.accesswire.com/720866/Hale-Harrison-Chair-of-the-Board-of-Directors-of-Taylor-Bank-Passes-Suddenly-on-October-17-2022

FAQ

What happened to Hale Harrison of Calvin B. Taylor Bank?

Hale Harrison, the Chair of the Board, passed away suddenly on October 17, 2022.

How long did Hale Harrison serve on the Board of Calvin B. Taylor Bank?

Hale Harrison served on the Board for 47 years, having joined on January 8, 1975.

Who will replace Hale Harrison as Chair of the Board at Calvin B. Taylor Bank?

As of now, the bank has not announced a successor to Hale Harrison.

What impact did Hale Harrison have on Calvin B. Taylor Bank?

Hale Harrison was crucial for the bank’s growth and governance, especially in relation to the Ocean City tourism industry.