Business Briefs - Feb. 12
Thomas F. Rokisky, president and chief executive officer of CNB Financial Services Inc., the parent company of CNB Bank Inc., announced that CNB had consolidated net income of $1.9 million, or $4.49 per share, for the year ending Dec. 31, 2011, as compared to $1.6 million, or $3.60 per share, for the year ending Dec. 31, 2010.
CNB’s capital totaled $27.5 million, or 10 percent of total assets as of Dec. 31, 2011.
CNB, with total assets of $275.7 million at Dec. 31, 2011, has two full-service offices and ATMs in Berkeley Springs, W.Va. The bank also has full-service branch offices and ATMs in Hedgesville, south Martinsburg and Falling Waters, W.Va. The bank also has a full-service branch office and ATM in Hancock.
Hampton Inn & Suites Charles Town, W.Va.
CHARLES TOWN, W.Va. — Hampton Inn & Suites Charles Town opened for business Jan. 25, the first Hilton brand hotel in Jefferson County.
The hotel is directly across from Hollywood Casino at Charles Town Races in Jefferson Crossing shopping center. It has 131 rooms consisting of standard rooms, studies and suites. There are more than 120 channels of Direct TV from which to choose, including 60 high-definition options. The facility also includes an indoor pool, hot tub, complimentary hot breakfast buffet and 600-square-foot meeting space.
A grand opening and mixer are scheduled for March.
Franklin Financial Services Corp.
CHAMBERSBURG, Pa. — Franklin Financial Services Corp., the bank holding company of F&M Trust, reported earnings of $6,569,000 for 2011, compared to 2010 earnings of $7.612 million, a decrease of 13.7 percent.
Net income for the quarter ended Dec. 31, 2011, was $1.903 million, representing a 13.5 percent increase when compared to 2010 fourth-quarter earnings of $1.676 million.
On a per-share basis, diluted earnings were $0.47 and $1.66 for the quarter and 12 months in 2011, compared to $0.43 and $1.96 for the same periods in 2010.
Total assets were $990.2 million at Dec. 31, 2011, a 4 percent increase from assets at Dec. 31, 2010. Average deposits and repurchase agreement grew by 6.5 percent to $838.3 million, and average net loans grew 1.5 percent to $755.4 million. At year’s end, total deposits and repurchase agreements grew by 7.1 percent to $841 million, while net loans were up 2.3 percent to $756.7 million. In addition, the market value of trust assets under management declined by 1.8 percent to $481.5 million at Dec. 31, 2011, mostly related to lower market valuations.
DH WEB Inc.
Dr. Ira S. Lourie and DH WEB Inc. of Hagerstown recently launched a custom mapping reference tool website for The Johnson U.S. Map Project, at www.johnsonmapproject.org.
Lourie is a child psychiatrist living in Hagerstown.
DH Web is a Hagerstown business with more than a decade of experience in creating custom Web designs, apps, Web hosting, search-engine marketing and graphic designs.
The site has been indexed by the Library of Congress for its historical value.
Lourie has spent years cataloging historic atlas maps, including Maryland, published by Alvin J. Johnson.
Site users can date the publication of any loose U.S. map from these atlases, which were published between 1860-87.
Also available are historical essays on the life of Johnson and his atlases, and his relationship with other 19th- century American atlas publishers J.H. Colton and Augustus Mitchell.
Prudential Bowen Realty
Real estate broker Taylor Bowen recently acquired the Prudential real estate office at 11949 Robinwood Drive, Suite 100, in Hagerstown and renamed it Prudential Bowen Realty.
Prudential Bowen Realty has a website, www.prudentialbowen.com, where visitors can locate properties by various criteria. In the coming months, the company plans to roll out a new website.
For more information, call 301-745-1620.