The Taneytown Bank and Trust Co. Board of Directors has declared a fourth quarter dividend of 14 cents per share.

The dividend will bepaid Jan. 2, 1992 to stockholders of record Dec. 16, 1991. The Boardof Directors also approved a 25 percent stock dividend to be paid Jan. 2 to stockholders of record Dec. 16.

The bank's total assets were $148.2 million and total deposits were $133.1 million on Sept. 30.

Taneytown Bank and Trust is headquartered in Taneytown, with six full service branches in Carroll County. The bank also owns and operates an insurance subsidiary, TBT Insurance Inc., offering both single premium annuities and IRA annuities.