On August 29, 2013, Taylor Calvin B Bankshares Inc. and its wholly-owned subsidiary, Calvin B. Taylor Banking Company of Berlin, Maryland announced the following departure and appointments of certain officers. William H. Mitchell will retire as Vice President of the company and Executive Vice President and Chief Operating Officer of the Bank effective September 30, 2013. Mr. Mitchell will remain as a director of the company and the Bank but will no longer serve as a member of the Executive Committee of the Board of Directors of the Bank.

D. Kenneth Bates was appointed Vice President of the company succeeding Mr. Mitchell in this position. Mr. Bates, age 60, is currently Senior Vice President and the Senior Loan Officer of the Bank. Mr. Bates has been employed by the Bank since 1991 serving as Vice President and Loan Officer from 2000 to 2010 at which time he was promoted to Senior Vice President and Senior Loan Officer.

Tina B. Kolarik was appointed Secretary of the company succeeding Mr. Bates in this position. Ms. Kolarik, age 53, is currently Senior Vice President and Regional Manager of the Bank. Ms. Kolarik has been employed by the Bank since 1981 serving as Senior Vice President and Regional Manager since 2008.