FOR IMMEDIATE RELEASE:
April 19, 2004
ANNAPOLIS - Governor Robert L. Ehrlich, Jr., today announced the appointment of three new members to the Maryland Economic Development Commission, which is a partnership between State government and the private sector, providing strategic advice and economic development policies, incentives and programs that benefit Maryland businesses and citizens. Appointed to the Commission are Raymond W. Hamm, Jr., Charles E. (Ted) Herget, Jr., and Hugh W. Mohler.
"These outstanding individuals bring exceptional skills and experience to the Maryland Economic Development Commission," said Governor Ehrlich. "I know they share my commitment to business and the economy and will serve the citizens of Maryland well."
Raymond W. Hamm, Jr., 43, is president and chief operating officer of County Banking & Trust Company in Elkton, with full responsibility for daily banking operations and expansion into new markets. He also served as senior vice president and senior loan officer of Forest Hill State Bank in Bel Air for 12 years. Prior to that he was with Mercantile Safe Deposit & Trust Company, Baltimore, in various banking functions while attending college as a full-time student. He lives in Elkton.
Mr. Hamm is currently serving as a board member and past chair of the Susquehanna Workforce Network, a member of the Cecil County Commissioners Oversight Committee for Transferable Development Rights, a member of the Human Resources Committee, YMCA of Cecil County, and a board member of the Cecil County Economic Development Commission. He also is a past chair and current strategic planning committee chair of the Tourism Advisory Committee for Cecil County. He graduated from Loyola College with a B.A. in business administration and an M.B.A. with a concentration on finance.
Charles E. (Ted) Herget, Jr., 64, is a co-founder, principal and consultant with Sparks-based Asset Strategy Consultants, an independent investment consulting firm and member of the Independent Adviser Group of Callan Associates, the largest investment management-consulting firm in the U.S. ASC has a proprietary database of over 2,000 money managers (locally, nationally and internationally), who specialize in 39 separate asset style categories, including hiring consistently top performing money managers and assisting clients in achieving superior investment performance.
Mr. Herget is licensed with the Securities and Exchange Commission and the State of Maryland as a Registered Investment Advisor and has been licensed with the National Association of Securities Dealers for over 30 years. Since 1969, he has been a consultant to endowments, foundations and retirement funds on investment strategy and the selection of and monitoring of money managers. He holds a B.S. in business administration from Loyola College and has completed courses and seminars at universities around the country, including Harvard University's Graduate School of Business and American Management Association and Callan College of Fiduciaries of Endowments/Foundations and Retirement Plans. He lives in Cockeysville.
Hugh Mohler, 58, serves as both president and a director of Bay National Bank and its holding company, Bay National Corporation, Baltimore. He spent over 25 years in the financial services industry, holding positions in executive management, commercial lending and business development. From 1977 to 1999, he was affiliated with Mercantile Bankshares Corporation in Baltimore, most recently serving as executive vice president with responsibility for 20 community banks in a three-state area. For 17 years, he was president of Mercantile's Salisbury affiliate, Peninsula Bank, the largest financial institution on Maryland's Eastern Shore. Earlier, he was vice president of commercial lending at First National Bank of Maryland, where he was the youngest appointed vice president of commercial lending.
Mr. Mohler's community involvement includes serving as a trustee at both Goucher College and Loyola Blakefield. He is a past president of the Maryland Bankers Association and past chairman of the Greater Salisbury Committee. Mr. Mohler was the founder and former officer of the Somerset Economic Development Commission and chaired the Governor's Economic Task Force on the Lower Eastern Shore. Mr. Mohler graduated from Loyola College with a degree in economics and holds an M.B.A. from the University of Baltimore. He lives in Baltimore.
"These gentlemen have extensive knowledge in the financial sector and all are actively engaged in Maryland's business community," said Jim Rzepkowski, executive director of the Maryland Economic Development Commission. "I look forward to serving with such fine individuals so that Maryland may live up to its economic potential."