Calvin B. Taylor Bankshares in Berlin, Md., has a new chairman.
The company said in a press release that Tom Coates was also named chairman of its $931 million-asset bank.
Coates, a director since May 2014, is a member of accounting firm Coates, Coates and Coates. He also chairs the bank’s governance committee and is a member of the audit committee.
Coates’ “legal and accounting background and previous board leadership positions provide him the skills and experience to be an effective board chair,” Raymond Thompson, the company’s president and CEO, said in the release.
“As we look to the future, it is important that our board composition continues to align with the community banking industry and stockholder expectations,” Thompson added. Coates “understands community banking and is highly respected by his board colleagues and our bank employees.”