QUEENSTOWN — Queenstown Bancorp and Queenstown Bank of Maryland have announced the retirement of T. Douglas Pierson as vice chairman and member of the board of directors.
Pierson, who is the owner/operator of Pierson Comfort Group, has been a member of the board for more than 31 years and vice chairman for the past 12 years.
During his tenure, Pierson served on several committees that provide specific oversight that helped the bank grow from three branch locations and $93 million in assets to its current eight branch locations and $470 million in assets. These committees include the Audit Committee, the Asset/Liability Committee, Compensation Committee and Community Reinvestment Act Committee.
“We congratulate Doug on his retirement from the board and appreciate his commitment to the bank for so many years. His insight and point of view will be missed,” Tom Rhodes, board member and former president and CEO, said in a statement.
Queenstown Bank of Maryland
Founded in 1899, Queenstown Bank is a full-service community bank offering an array of personal and commercial banking loan and deposit products. The bank is active in the residential and commercial mortgage lending markets, and has developed a robust on-line banking suite of products for both individuals and businesses.
The bank has total assets of $470 million, and eight branches in Queenstown, Easton, Grasonville, Chester, Stevensville, Centreville, Church Hill and Ridgely.
For more information, visit www.queenstownbank.com or call 410-827-8881.