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Johnson’s promotion is part of the bank’s long-term succession plan, as he had previously been the executive vice president and chief lending officer. Kevin B. Cashen will continue in his role as CEO.

As president, Johnson will be responsible for the day-to-day oversight of the core functions of the bank, including its regulatory relationship. Cashen will continue to focus on the vision for Queenstown Bank and the overall leadership of the team. Cashen’s primary areas will include strategic planning, community and customer engagement, shareholder relations and further talent development.

“I am very happy to announce this promotion and feel it is vital to the Bank’s long-term success. I will continue to work closely with Eric to ensure a smooth transition and position the Bank for a bright future. Eric, and the rest of the Executive Leadership Team, will continue to work to focus on our Vision Statement, ‘Working together to enhance the lives of our Colleagues, Customers and the Community everyday,’� Cashen said. “I have complete confidence in the ability of this team to maintain the Queenstown Bank Way and show outstanding financial results.�

The promotion is strategic in positioning the bank for growth and the expansion of our

products and services to meet the needs of our expanding customer base. It positions the bank to both operate effectively on a day-to-day basis while keeping an eye on the future.

The banking industry is evolving rapidly, and it requires a team to keep up with the changes and to be strategic in the bank’s actions moving forward. This is also consistent with the bank’s strategy of developing talent from within to ensure continuity in serving the community.

“I am very happy to step into the role as President of Queenstown Bank with its history and legacy here on the Eastern Shore. I joined the Bank in 2022 because of that legacy as I wanted to serve the customer on a more personal level. It has turned out to be everything I was looking for and more,� Johnson said.

Johnson joined the bank in 2022, having spent more than 20 years in the banking sector. He started his career in Cecil County with Mercantile County Bank. He also spent time at such banks as M&T Bank, Howard Bank and First National Bank.

Since joining Queenstown Bank, Johnson has been active in the community, most recently serving as chair of the Queen Anne’s County Chamber of Commerce.

Jay Friel, chair of the bank’s Board of Directors said: “We are very excited with the promotion of Eric to the role as President. Eric and Kevin have been working closely over the past several years to be prepared for this change. Kevin has done a wonderful job in moving the Bank forward in the past 9 years and it will now be Eric and the Leadership Team’s, job to take it to the next level. This move is very consistent with our stated desire to remain independent and deliver on our strategic plan that positions us to be the “best community bank on the Eastern Shore.�