John C. Schaeffer, 82, of Westminster, a respected country banker and distinguished community leader, died Sunday Oct. 31, at Gilchrist ...
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He had a 50-year career in banking, which saw him rise from the position of a teller at the Union Mills Savings Bank to president of Westminster Bank and Trust Company.
The merger of Westminster Deposit and Trust Company and Union Mills Savings Bank on July 9, 1951, gave Schaeffer the opportunity to work-up the ladder of leadership in the newly formed Westminster Bank and Trust Company.
When he became president of the bank in 1969, he was the youngest to hold that position at that time in the State of Maryland. It was during his tenure that the bank merged with Woodbine National Bank in 1980 and later became affiliated with Mercantile Bankshares Corporation. He then served as chairman of the board; retired from active management in 1990 and remained on the board until 1999.
Schaeffer was active in the community. He was a member of the Kiwanis Club of Westminster... http://www.explorecarroll.com/news/4905/john-c-schaeffer-distinguisher-banker-community-leader-82-westminster/
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