A promising start-up bank on Maryland's Eastern Shore has hit a rather unexpected snag: Its chairman has been busted for cocaine possession.

William David Hill 2d, who founded Easton Bank & Trust 18 months ago, was arrested after the federal Drug Enforcement Agency observed him receiving cocaine and marijuana from a local businesswoman.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.