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<p ALIGN="CENTER">UNITED STATES</p>
<p ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION</p>
<p ALIGN="CENTER">Washington, DC 20549</p>
<p ALIGN="CENTER"></p>
<b>
<p ALIGN="CENTER">FORM 8-K</p>
</b>
<p ALIGN="CENTER">CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)</p>
<p ALIGN="CENTER">OF THE SECURITIES EXCHANGE ACT OF 1934</p>
<p ALIGN="CENTER"></p>
<p ALIGN="CENTER">Date of Report (Date of earliest event reported) <u>December
12, 2007</p>
</u><b>
<p ALIGN="CENTER">CALVIN B. TAYLOR BANKSHARES, INC.</p>
</b>
<p ALIGN="CENTER">(Exact name of registrant as specified in its charter)<br>
<p ALIGN="CENTER">
<u>Maryland</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; <u>000-50047</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; <u>52-1948274</p>
</u>
<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (State of incorporation) (Commission file number) (IRS Employer
Identification No.)</p>
<p ALIGN="CENTER"></p>
<u>
<p ALIGN="CENTER">24 North Main Street, Berlin, Maryland 21811</p>
</u>
<p ALIGN="CENTER">Address of principal executive offices</p>
<p ALIGN="CENTER"></p>
<u>
<p ALIGN="CENTER">(410) 641-1700</p>
</u>
<p ALIGN="CENTER">(Registrant&#8217;s telephone number, including area code)</p>
<p ALIGN="CENTER"></p>
<p ALIGN="CENTER">N/A</p>
<p ALIGN="CENTER">(Former Name or Former Address, if Changed Since Last Report)</p>
<p>&nbsp;</p>
<p style="page-break-after: always"></p>
<p>Section 5 &#8211; Corporate Governance and Management</p>
<p>Item 5.02(a) Departure of Director</p>
<p ALIGN="JUSTIFY">On December 12, 2007, the Registrant accepted the resignation
of Mr.&nbsp;D. Bruce Rogers, from the position of Director of both Calvin B. Taylor
Bankshares, Inc. and its wholly owned subsidiary Calvin B. Taylor Banking
Company of Berlin, Maryland. Mr.&nbsp;Roger&#8217;s resignation was effective immediately.</p>
<p ALIGN="JUSTIFY">Mr. Rogers served on the Audit Committee and as a rotating
outside director on the subsidiary bank&#8217;s Executive Committee. In recent years,
Mr. Rogers has relocated his residence and primary business location to areas
outside of the Company&#8217;s trade area.</p>
<strike>
<p ALIGN="JUSTIFY"></p>
</strike>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">SIGNATURES</p>
<p ALIGN="JUSTIFY">Pursuant to the requirements of Section 13(a) or 15(d) of the
Securities Exchange Act of 1934, the Registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly authorized.</p>
<p>&nbsp;</p>
<p><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Calvin B. Taylor Bankshares, Inc.</b><u> </p>
</u>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">Date: <u>December 13, 2007</u>_______&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By: <u>
/s/ Raymond M. Thompson</p>
</u>
<p ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Raymond M. Thompson</p>
<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; President &amp; Chief Executive Officer</p>
<p ALIGN="JUSTIFY"></p>
<p></p>
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{"company-data": {"conformed-name": "TAYLOR CALVIN B BANKSHARES INC", "cik": "0001003986", "assigned-sic": "6022", "irs-number": "520505410", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50047", "film-number": "071308935"}, "business-address": {"street1": "24 NORTH MAIN ST", "city": "BERLIN", "state": "MD", "zip": "21811", "phone": "4106411700"}, "mail-address": {"street1": "24 NORTH MAIN STREET", "city": "BERLIN", "state": "MD", "zip": "21811"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported)
December
12, 2007
CALVIN B. TAYLOR BANKSHARES, INC.
(Exact name of registrant as specified in its charter)
Maryland
000-50047
52-1948274
(State of incorporation) (Commission file number) (IRS Employer
Identification No.)
24 North Main Street, Berlin, Maryland 21811
Address of principal executive offices
(410) 641-1700
(Registrant's telephone number, including area code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Section 5 – Corporate Governance and Management
Item 5.02(a) Departure of Director
On December 12, 2007, the Registrant accepted the resignation
of Mr. D. Bruce Rogers, from the position of Director of both Calvin B. Taylor
Bankshares, Inc. and its wholly owned subsidiary Calvin B. Taylor Banking
Company of Berlin, Maryland. Mr. Roger's resignation was effective immediately.
Mr. Rogers served on the Audit Committee and as a rotating
outside director on the subsidiary bank's Executive Committee. In recent years,
Mr. Rogers has relocated his residence and primary business location to areas
outside of the Company's trade area.
SIGNATURES
Pursuant to the requirements of Section 13(a) or 15(d) of the
Securities Exchange Act of 1934, the Registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly authorized.
Calvin B. Taylor Bankshares, Inc.
Date:
December 13, 2007
_______                                      By:
/s/ Raymond M. Thompson
Raymond M. Thompson
President & Chief Executive Officer