The Queenstown Bank of Maryland, Financial Information

Terms and Definitions

• Domestic deposits

  The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
• Equity capital

  Total equity capital (includes preferred and common stock, surplus and undivided profits).
• ROA

  Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
• ROE

  Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Queenstown Bank of Maryland is located in the town of Queenstown, in the State of Maryland. The Queenstown Bank of Maryland was incorporated April 19, 1899, and officially opened for business July 1, 1899. The Queenstown Bank of Maryland is currently the second oldest locally established bank in the county. Originally it was known as Queenstown Savings Bank of Queen Anne's County, the name was changed to Queenstown Bank of Maryland by the actions of the Maryland State Legislature in 1910.

In 1918, a site in the center of Queenstown was secured for the purpose of construction of a new bank building. That building opened for business on April 21, 1919. Assets having grown from the original $5000 to $142,000 in less than 20 years.

In 1962 the second branch opened when the Grasonville location was dedicated on March 24th. The next Branch was not opened until may of 1980. The Chester Branch was dedicated by then President James R. Friel. This is the first branch to receive an ATM machine when one was installed in December of 1985.

In 1995, the bank purchased property at Benton's crossing, Routes 8 and 18 in Stevensville for a branch bank. It opened for business in May of 1997. Property was purchased in Centreville in July 1997 to build the bank's sixth branch. The branch opened for business in January 1999.

Banks first branch outside of Queen Anne’s County was opened June of 2000 in historic Easton. In March 2009, The Queenstown Bank of Maryland opened its second location outside of Queen Anne’s County in Ridgely, MD. Latest addition to the Queenstown Bank family was opened March of 2010. Located in Church Hill, MD, the bank is now operating in the historic Church Hill Bank building.

The Queenstown Bank looks toward the future with confidence to serve its many friends and customers in a friendly manner that can only be found in a local community bank.

Main Office
7101 Main Street
P.O. Box 120
Queenstown, MD 21658
410-827-8881

Lobby Hours:
9 a.m. – 3 p.m., Monday – Thursday
9 a.m. – 6 p.m., Friday
9 a.m. – 12 noon, Saturday