At the March meeting of the Board of Directors of the Mid-Shore Community Foundation, Stuart Bounds announced his retirement as President of the Foundation. Moorhead Vermilye, Chairman of the Board of Directors, noted the significant progress of the Foundation under his leadership: “Over the past four years, the Foundation has made great strides. Our operations are fiscally and administratively sound and we have seen significant growth in our assets and grant making during his tenure as President.”
Bounds explained that this was a good point for a transition in leadership at the Foundation, and an opportunity for more time for his family, for travel, and for other interests. “It has been a great privilege to serve the community through my work at the Foundation; this is an extraordinary institution that has had a huge impact on the quality of life in this five-county region. The Foundation has a great future ahead and we are very fortunate that the Board has found an extraordinary community leader to continue the work of MSCF.”
Moorhead Vermilye announced the appointment of William W. “Buck” Duncan as the 4th President of Mid-Shore Community Foundation. Buck Duncan recently retired as President of Talbot Bank after 40 years in Eastern Shore banking. He had previously served as Chairman of Mercantile Eastern Shore Bank, President and Chief Executive Officer of St. Michaels Bank, and Director of the Federal Reserve Bank of Richmond. Duncan is a native of the Eastern Shore and has devoted his career to economic and business development on the Shore through his work in community banking.
“Buck Duncan has been a community leader as well as a successful community banker. His experience and understanding of the Mid-Shore area will be invaluable assets to the Foundation,” noted Moorhead Vermilye.
Duncan has served as chair or president of the United Fund of Talbot County, the Rotary Club of Easton, and The Memorial Hospital at Easton and was recently appointed to the Easton Utilities Commission. He is also the recipient of the Distinguished Citizen Award of the Delmarva Council Boy Scouts of America and the Community Service Award by the Talbot County Chamber of Commerce.
Buck Duncan noted the unique qualities of the Mid-Shore community, ” I have been very fortunate to live, work and raise my family in this area for the past 30 years. It is not just the natural beauty; it is the people that make this area very special. I am very excited about my new position with the Mid-Shore Community Foundation. This will allow me to guide the Foundation for the future and build on Stuart’s fine work.
Buck Duncan will begin his tenure as President of the Foundation on April 7. Stuart Bounds will assist with the transition through the end of the fiscal year.