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Maryland Manual, 1973-74
Volume 176, Page 231   View pdf image (33K)
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MARYLAND MANUAL 231
DEVELOPMENT CREDIT CORPORATION OF MARYLAND
Officers
Chairman of the Board: S. Page Nelson, Jr.
President and Chief Executive Officer: W. G. Brooks Thomas
Vice President: Robert W. Schaefer
Treasurer: W. Bruce McPherson
Secretary: Donald R. Wenderoth
Directors
Representing members: J. Pierre Bernard, Cornelius F. Cronin,
Denton A. Fuller, Harvey S. Horsey II, Robert W. Shaefer,
Benjamin C. Shaw, E. Pershing Volkart, Richard G. Wantz,
Donald R. Wenderoth, Martin W. White, Jr.
Representing Stockholders: William A. Beasman, Jr., W. Bruce
McPherson, John H. Mosner, Jr., S. Page Nelson, Jr., William
A. Pate.
Executive Committee: William A. Beasman, W. Bruce McPherson,
John H. Mosner, Jr„ S. Page Nelson, Jr., Robert W. Schaefer,
Donald R. Wenderoth, Martin W. White, Jr.
Regional Loan Committees
Central Region (Baltimore, Carroll, Harford, and Howard coun-
ties) : Cornelius F. Cronin, Chairman; Norman B. Boyle, James
H. Magness, R. Lee Mitchell, lrwin P. Trail.
Eastern Shore Region (Caroline, Cecil, Dorchester, Kent, Queen
Anne's, Somerset, Talbot, Wicomico and Worcester counties):
E. Pershing Volkart, Chairman; Reese F. Cropper, Wilson L.
Harrison, Roger W. Simpkins, William E. Wolcott.
Southern Region (Anne Arundel, Calvert, Charles, Prince George's
and St. Mary's counties) : J. Pierre Bernard, Chairman; Joseph
Gough, John P. Sippel, Frank K. Turner, F. Ira Wheatley.
Western Region (Allegany, Frederick, Garrett, Montgomery and
Washington counties): Denton A. Fuller, Chairman; Robert
M. Eslinger, Robert E. Gearinger, Philip L. Rohrer, Warren
P. Rothe.
Baltimore City Region: Donald R. Wenderoth, Chairman; Tim-
othy D. McMillin, W. Bruce McPherson, Frank M. Musotto,
Joseph E. Peters.
J. Cookman Boyd, Jr., Counsel
1301 First National Bank Building,
Baltimore 21202 Telephone: 686-6464
The General Assembly authorized the established of the Develop-
ment Credit Corporation of Maryland by Chapter 822, Acts of 1959,
to stimulate business and industry in the State of Maryland by mak-
ing loans available to small businesses which would not qualify for
loans from conventional institutions such as banks or insurance
companies.
The Corporation consists of two classes of participants: members
and stockholders. Only financial institutions—that is, institutions
whose activities include lending or investing money—may become
members. Members must loan funds to the Corporation upon demand
up to limits that are set by law and based on financial capacity. All
such calls for funds are to be prorated among the members in the
proportion that the maximum loan limit of each bears to the aggre-
gate loan limits of all members. Individuals and domestic corpora-

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Maryland Manual, 1973-74
Volume 176, Page 231   View pdf image (33K)
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