Bilbrough promoted to President and Chief Executive Officer of Talbot Bank as
EASTON, Md., Nov. 28, 2012
EASTON, Md., Nov. 28, 2012 /PRNewswire/ -- The Boards of Directors of Shore
Bancshares, Inc. (NASDAQ: SHBI) and The Talbot Bank of Easton, Maryland today
announced that Patrick M. Bilbrough has been promoted to President and CEO of
the Talbot Bank, a subsidiary of Shore Bancshares. Mr. Bilbrough, 48, joined
Talbot Bank in May of 2011 as an Executive Vice President and has since been
responsible for general administration with a focus on credit improvement. He
succeeds William W. (Buck) Duncan, who joined Talbot Bank in 2006 as President
and CEO and will retire on December 31, 2012.
Prior to his employment with Talbot Bank and since 2007, Mr. Bilbrough served
as the Market Executive of PNC Bank, N.A., of Pittsburgh where he was
responsible for the 11-county Delmarva Region. He was concurrently serving as
a commercial banking team leader for a 5-county area. In 2004, he was named
Executive Vice President of the Mercantile Eastern Shore Bank and, following
six months as its chief financial officer, he then served as senior lender and
senior credit officer prior to the acquisition of Mercantile by PNC in 2007.
Mercantile Eastern Shore Bank was a combination of the Peoples Bank of
Maryland, St. Michaels Bank and the Chestertown Bank.
From 1995 to 2004, Mr. Bilbrough was with the Peoples Bank of Maryland, of
Denton, where he had most recently been President and CEO after beginning as
its chief financial officer and comptroller. He was a small business owner
from 1985 to 1995.
"A key to our future success has been the development of a succession plan for
senior management," said W. Moorhead Vermilye, Chairman of the Talbot Bank's
board. "We are very pleased to be able to promote from within the
organization a talented career banker with such a diverse background who is a
longtime member of our local community."
Mr. Bilbrough graduated from Salisbury University. He is a Certified Public
Accountant, a graduate of the RMA Advanced Commercial lending School, and the
Executive Challenge Course sponsored by GAP International, a leadership
program for Fortune 500 executives. He serves on the Boards of Directors of
the Benedictine School and Choptank Community Health Services. He resides in
SOURCE Shore Bancshares, Inc.
Contact: W. Moorhead Vermilye, Chief Executive Officer, Shore Bancshares, Inc.
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