U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549

                                   FORM 10-QSB

(Mark  One)

 X     QUARTERLY  REPORT  PURSUANT  TO  SECTION  13  OR  15(d) OF THE SECURITIES
---
       EXCHANGE  ACT  OF  1934

       For  the  quarterly  period  ended:  September  30,  1999
                                            --------------------

___    TRANSITION  REPORT  PURSUANT  TO  SECTION  13 OR 15(d) OF THE SECURITIES
       EXCHANGE  ACT  OF  1934
       For  the  transition  period  from  _______________  to  ________________

                        Commission  file  number:   33-43317
                        ------------------------------------

                                 EASTON BANCORP, INC.
        -----------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

              Maryland                             52-1745344
     --------------------------     ---------------------------------------
     (State  of  incorporation)     (I.R.S.  Employer  Identification  No.)

                  501 Idlewild Avenue, Easton, Maryland  21601
                  --------------------------------------------
                    (Address of principal executive offices)

                                 (410) 819-0300
                                 --------------
                           (Issuer's telephone number)

                                 Not Applicable
                                 --------------
    (Former name, former address and former fiscal year, if changed since last
                                     report)


     Check  whether  the  issuer:  (1) filed all reports required to be filed by
Section  13  or 15(d) of the Exchange Act during the past 12 months (or for such
shorter  period  that the registrant was required to file such reports), and (2)
has  been  subject  to  such  filing  requirements  for  the  past  90  days.
Yes  X  No
    ---    ---

     State  the  number of shares outstanding of each of the issuer's classes of
common  equity,  as  of  the  latest  practicable  date:

     On November 8, 1999, 560,318 shares of the issuer's common stock, par value
$.10  per  share,  were  issued  and  outstanding.

     Transitional Small Business Disclosure Format (check one):  Yes     No  X
                                                                     ---    ---


<PAGE>
                                     PART I
                              FINANCIAL INFORMATION

ITEM  1.  FINANCIAL  STATEMENTS.

<TABLE>
<CAPTION>
                       EASTON BANCORP, INC. AND SUBSIDIARY
                           CONSOLIDATED BALANCE SHEETS
                                   (Unaudited)


                                                   September 30,    December 31,
                                                       1999             1998
                                                  ---------------  --------------
<S>                                               <C>              <C>
     ASSETS
Cash and due from banks                           $    1,109,612   $     976,682
Federal funds sold                                     2,142,836       7,269,903
Investment in Federal Home Loan Bank stock               150,000         145,600
Investment securities available-for-sale               4,493,924       4,840,026
Loans, less allowance for credit losses of
   $663,348 and $530,000, respectively                42,475,138      33,254,808
Premises and equipment, net                            1,755,355       1,662,127
Intangible assets, net                                       ---           1,853
Accrued interest receivable                              311,706         246,470
Loan payment held in escrow                                  ---       1,175,000
Deferred income taxes                                    221,667         401,551
Other assets                                              88,202          92,924
                                                  ---------------  --------------
     Total assets                                 $   52,748,440   $  50,066,944
                                                  ===============  ==============

     LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits
   Noninterest-bearing                            $    3,442,187   $   4,682,618
   Interest-bearing                                   42,685,927      39,436,342
                                                  ---------------  --------------
     Total deposits                                   46,128,114      44,118,960
Accrued interest payable                                  95,755          95,611
Securities sold under agreements to repurchase            71,215         281,019
Note payable                                           1,578,687       1,000,000
Other liabilities                                         67,930         111,685
                                                  ---------------  --------------
     Total liabilities                                47,941,701      45,607,275
                                                  ---------------  --------------

Stockholders' equity
   Common stock, par value $.10 per share;
     authorized 5,000,000 shares, 560,318
     shares issued and outstanding                        56,032          56,032
   Additional paid-in-capital                          5,227,487       5,227,487
   Retained earnings (deficit)                          (417,995)       (816,863)
                                                  ---------------  --------------
                                                       4,865,524       4,466,656
   Accumulated other comprehensive income                (58,785)         (6,987)
                                                  ---------------  --------------
     Total stockholders' equity                        4,806,739       4,459,669
                                                  ---------------  --------------
     Total liabilities and stockholders' equity   $   52,748,440   $  50,066,944
                                                  ===============  ==============
</TABLE>

See  accompanying  Notes  to  Consolidated  Financial  Statements.


                                        1
<PAGE>
<TABLE>
<CAPTION>
                           EASTON BANCORP, INC. AND SUBSIDIARY
                            CONSOLIDATED STATEMENTS OF INCOME
                                       (Unaudited)

                                          Three  Months  Ended     Nine  Months  Ended
                                             September  30,           September  30,
                                        -----------------------  ------------------------
                                           1999         1998        1999         1998
                                        -----------  ----------  -----------  -----------
<S>                                     <C>          <C>         <C>          <C>
Interest revenue
 Loans, including fees                  $1,033,790   $ 774,969   $2,666,879   $2,289,174
 Investment securities                      65,576      48,405      201,346      101,864
 Federal funds sold                         41,113      97,609      119,141      217,352
                                        -----------  ----------  -----------  -----------
     Total interest revenue              1,140,479     920,983    2,987,366    2,608,390

Interest expense                           483,768     488,958    1,354,015    1,398,277
                                        -----------  ----------  -----------  -----------

   Net interest income                     656,711     432,025    1,633,351    1,210,113

Provision for loan losses                 (134,547)     91,212      (98,547)     162,557
                                        -----------  ----------  -----------  -----------

 Net interest income after
   provision for loan losses               791,258     340,813    1,731,898    1,047,556
                                        -----------  ----------  -----------  -----------

Other operating revenue                    119,542      29,335      206,565       89,950
                                        -----------  ----------  -----------  -----------

Other expenses
   Salaries and benefits                   304,569     269,240      829,031      690,367
   Occupancy                                18,847      14,475       52,678       42,880
   Furniture and equipment                  19,432      17,594       57,218       66,981
   Other operating                         135,185     105,589      394,101      337,411
                                        -----------  ----------  -----------  -----------
     Total operating expenses              478,033     406,898    1,333,028    1,137,639
                                        -----------  ----------  -----------  -----------

Net income (loss) before income taxes      432,767     (36,750)     605,435         (133)

Income tax expense (benefit)               147,895    (380,297)     206,567     (380,297)
                                        -----------  ----------  -----------  -----------

Net income                              $  284,872   $ 343,547   $  398,868   $  380,164
                                        ===========  ==========  ===========  ===========

Earnings per common share - basic       $     0.51   $    0.61   $     0.71   $     0.68
                                        ===========  ==========  ===========  ===========

Earnings per common share - diluted     $     0.47   $    0.57   $     0.67   $     0.63
                                        ===========  ==========  ===========  ===========
</TABLE>

See  accompanying  Notes  to  Consolidated  Financial  Statements.


                                        2
<PAGE>
<TABLE>
<CAPTION>
                          EASTON BANCORP, INC. AND SUBSIDIARY
                         CONSOLIDATED STATEMENTS OF CASH FLOWS
                                      (Unaudited)


                                                                 Nine Months Ended
                                                                   September 30,
                                                             --------------------------
<S>                                                          <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES                                1999          1998
                                                             ------------  ------------
 Interest received                                           $ 2,913,211   $ 2,608,163
 Other revenue received                                          242,866        90,984
 Cash paid for operating expenses                             (1,331,566)   (1,017,613)
 Interest paid                                                (1,353,870)   (1,400,055)
                                                             ------------  ------------
                                                                 470,641       281,479
                                                             ------------  ------------
CASH FLOWS FROM INVESTING ACTIVITIES
 Cash paid for premises, equipment and software                 (109,420)      (27,118)
 Loans originated, net of principal repayments                (9,170,334)      816,446
 Purchase of investment securities                            (1,473,035)   (4,022,028)
 Proceeds from sales/maturities of investments                 1,733,725     1,500,000
 Receipt of funds held in escrow                               1,175,000           ---
 Proceeds from sale of other real estate owned                    61,699           ---
 Purchase of other real estate owned                             (60,450)          ---
                                                             ------------  ------------
                                                              (7,842,815)   (1,732,700)
                                                             ------------  ------------
CASH FLOWS FROM FINANCING ACTIVITIES
 Net increase in time deposits                                   213,758     1,565,252
 Net increase in other deposits                                1,795,396     2,653,348
 Net increase in other debt                                      578,687       943,088
 Proceeds from stock option exercise                                 ---         9,900
 Net decrease in securities sold under
   agreements to repurchase                                     (209,804)          ---
                                                             ------------  ------------
                                                               2,378,037     5,171,588
                                                             ------------  ------------

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS          (4,994,137)    3,720,367
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD               8,246,585     4,382,348
                                                             ------------  ------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD                   $ 3,252,448   $ 8,102,715
                                                             ============  ============

RECONCILIATION OF NET INCOME TO NET CASH
  PROVIDED BY OPERATING ACTIVITIES
 Net income                                                  $   398,868   $   380,164
 Adjustments to reconcile net income to net cash
  provided by operating activities:
     Depreciation and amortization                                71,265       103,625
     Provision for loan losses                                   (98,547)      162,557
     Decrease (increase) in accrued interest receivable and
       other assets                                              (53,734)        7,333
     Increase (decrease) in operating accounts payable and
       other liabilities                                         (43,611)       13,196
     Increase (decrease) in deferred loan origination fees       (11,449)       (5,099)
     Decrease (increase) in deferred income taxes                206,568      (380,297)
     Securities amortization/accretion, net                        2,530           ---
     Gain on sale of other real estate                            (1,249)          ---
                                                             ------------  ------------
                                                             $   470,641   $   281,479
                                                             ============  ============
</TABLE>

See  accompanying  Notes  to  Consolidated  Financial  Statements.


                                        3
<PAGE>
NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS:

1.     Basis  of  Presentation
       -----------------------

     The  accompanying  unaudited  condensed  financial  statements  have  been
prepared in accordance with generally accepted accounting principles for interim
financial  information  and with the instructions to Form 10-QSB and Item 310(b)
of  Regulation S-B of the Securities and Exchange Commission.  Accordingly, they
do  not include all the information and footnotes required by generally accepted
accounting  principles  for  complete  financial  statements.  In the opinion of
management, all adjustments (consisting of normal recurring accruals) considered
necessary for a fair presentation have been included.  Operating results for the
nine  months  ended  September  30,  1999, are not necessarily indicative of the
results  that may be expected for the year ended December 31, 1999.  For further
information,  refer  to  the  consolidated  financial  statements  and footnotes
thereto  for  the Company's fiscal year ended December 31, 1998, included in the
Company's  Form  10-KSB  for  the  year  ended  December  31,  1998.

2.     Cash  Flows
       -----------

     For  purposes  of  reporting  cash flows, cash and cash equivalents include
cash  on  hand,  unrestricted  amounts  due from banks, overnight investments in
repurchase  agreements,  and  federal  funds  sold.


                                        4
<PAGE>
     This Report contains statements which constitute forward-looking statements
within  the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of  the Securities Exchange Act of 1934.  These statements appear in a number of
places in this Report and include all statements regarding the intent, belief or
current  expectations of the Company, its directors or its officers with respect
to, among other things: (i) the Company's financing plans; (ii) trends affecting
the  Company's financial condition or results of operations; (iii) the Company's
growth  strategy and operating strategy; and (iv) the declaration and payment of
dividends.  Investors are cautioned that any such forward-looking statements are
not  guarantees  of  future performance and involve risks and uncertainties, and
that  actual  results  may  differ  materially  from  those  projected  in  the
forward-looking  statements  as a result of various factors discussed herein and
those  factors  discussed in detail in the Company's filings with the Securities
and  Exchange  Commission.

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF  OPERATIONS.

     Easton  Bancorp,  Inc. (the "Company") was incorporated in Maryland on July
19, 1991, primarily to own and control all of the capital stock of Easton Bank &
Trust  Company  (the "Bank") upon its formation.  The Bank commenced business on
July  1,  1993,  and  the  only  activity of the Company since then has been the
ownership  and  operation  of  the  Bank.  The Bank was organized as a nonmember
state  bank  under  the laws of the State of Maryland.  The Bank is engaged in a
general  commercial  banking  business,  emphasizing in its marketing the Bank's
local  management  and  ownership,  from its main office location in its primary
service  area,  Talbot County, Maryland.  In addition, in February 1999 the Bank
opened  a  loan  production  office  in  Denton,  Maryland, which is in Caroline
County.  In  April  1999,  the  Bank  received approval from the Federal Deposit
Insurance  Corporation  and  the  State  of Maryland State Banking Department to
establish  a  branch  in  Denton,  Maryland.  In October 1999, the Bank opened a
branch  at 300 Market Street in Denton.  The Bank offers a full range of deposit
services  that  are  typically  available  in  most  banks  and savings and loan
associations,  including  checking  accounts, NOW accounts, savings accounts and
other  time  deposits of various types, ranging from daily money market accounts
to  longer-term  certificates  of deposit.  In addition, the Bank offers certain
retirement  account  services, such as Individual Retirement Accounts.  The Bank
offers a full range of short- to medium-term commercial and personal loans.  The
Bank  also  originates  and  holds  or sells into the secondary market fixed and
variable rate mortgage loans and real estate construction and acquisition loans.
Other  bank  services  include  cash  management  services,  safe deposit boxes,
travelers  checks,  direct  deposit  of  payroll and social security checks, and
automatic  drafts  for  various  accounts.

     The  following  discussion  of  the  financial  condition  and  results  of
operations  of  the  Company  should  be  read in conjunction with the Company's
unaudited  financial  statements  and  related  notes  and  other  statistical
information  included  elsewhere  herein.

Results  of  Operations
-----------------------

     Net  income  for the Company for the three months ended September 30, 1999,
was $284,872, compared to $343,547 during the corresponding period of 1998.  Net
income  for  the nine months ended September 30, 1999, was $398,868, compared to
$380,164  for  the corresponding period of 1998.  Net income before income taxes
was  $432,767  for the three months ended September 30, 1999, compared to a loss
of  $36,750  during  the corresponding period of 1998.  Net income before income
taxes  was  $605,435 for the nine months ended September 30, 1999, compared to a
loss  of  $133  during  the  corresponding  period  of  1998.

     The  increase  in  earnings  before  income taxes for the nine month period
ended  September  30,  1999,  can  be  attributed to an increase in net interest
income  of  approximately  $423,000, a decrease of approximately $261,000 in the
provision  for  loan  losses, and an increase of approximately $117,000 in other
operating  income,  offset  by  an  increase  of approximately $195,000 in total
operating  expenses.  The increase in net interest income is primarily due to an
increase  of  approximately  $99,000  on  the  interest  earned on growth in the
investment  portfolio,  an  increase  of  approximately $298,000 on the interest
earned  on  growth in the loan portfolio, and a payment of approximately $80,000
received  from  the U.S. Department of Agriculture for interest earned on a loan
while  in  the  workout  process.  The  increase  in total operating expenses is
primarily  attributed  to  an increase in salaries and benefits of approximately
$139,000 and other operating expenses of approximately $57,000.  The increase in
other  operating  income  includes income of approximately $66,000 from the full
recovery  of  a  loan  charged  off  in  1995.


                                        5
<PAGE>
     The  Bank's  loan  portfolio  increased  from $33.3 million at December 31,
1998, to $42.5 million at September 30, 1999.  The allowance for loan losses was
$663,348 at September 30, 1999, or 1.54% of total loans, compared to $448,280 at
June  30,  1999,  or 1.22% of total loans, and $530,000 at December 31, 1998, or
1.57%  of  total  loans.  In  September  1999,  the  Bank received a recovery of
$408,069  on  a  loan  that  was  charged off in 1995.  Of the amount recovered,
$341,988  was  applied to increase the allowance for loan losses and the balance
of  $66,081  was  credited  to other income.  The Bank subsequently analyzed its
allowance  for  loan losses and determined that the allowance should be reduced,
resulting  in  a  reduction  in  the  allowance of $196,547, and a corresponding
reduction  in  the  1999  provision  for  loan  losses.  As a result, the Bank's
provision  for  loan  losses was an increase to income of $134,547 for the three
months  ended  September  30, 1999, and an increase to income of $98,547 for the
nine  months ended September 30, 1999, compared to an expense of $91,212 for the
three  months  ended September 30, 1998, and an expense of $162,557 for the nine
months  ended  September  30,  1998.  The level of the allowance for loan losses
represents management's current estimate of future losses in the loan portfolio;
however,  there  can be no assurance that loan losses in future periods will not
exceed  the  allowance  for  loan  losses  or  that  additional increases in the
allowance  will  not  be  required.

     Total  operating  expenses  increased  $71,135  to $478,033 for the quarter
ended  September  30,  1999,  from  $406,898 for the quarter ended September 30,
1998.  The  increase  was  primarily  related  to  the  increase in salaries and
benefits  of  $35,329  and  the increase in other operating expenses of $29,596.
The  increase  in  salaries  and benefits was due to annual salary increases and
three  new full-time employees hired for Denton Bank & Trust Company, a division
of  Easton  Bank & Trust Company, which opened in October 1999.  Other operating
expenses  increased  due  to  expenses  incurred  in  the opening of the branch.

     Return  on  average  assets and average equity, on an annualized basis, for
the  quarter  ended  September  30,  1999,  was  1.64% and 18.72%, respectively,
compared to .97% and 11.08%, respectively, for the same quarter of 1998.  Return
on  average  assets  and  average  equity,  on an annualized basis, for the nine
months ended September 30, 1999, was 1.06% and 13.06%, respectively, compared to
1.23% and 13.91%, respectively, for the same period of 1998.  Earnings per share
on a fully diluted basis for the quarter and the nine months ended September 30,
1999  were $.47 and $.67, respectively, compared to $.57 and $.63, respectively,
for  the  same  periods  of  1998.

     The  Company's  assets ended the third quarter of 1999 at $52.7 million, an
increase  of  $2.6  million,  or  5.4%, from $50.1 million at December 31, 1998.
This increase can be attributed primarily to the increase in the Bank's loans of
$9.2 million, offset by the $5.1 million decrease in federal funds sold and $1.2
million  decrease  in  loan payment held in escrow.  The Bank's total borrowings
from  the  Federal  Home  Loan Bank of Atlanta increased to $1.6 million.  These
borrowings  are  match  funded  on  two  loans.

     Management  expects  that  its  1999 income will exceed expenses.  Although
management  expects  that  the  Company's  current  profitability will continue,
future  events,  such  as  an unanticipated deterioration in the loan portfolio,
could  reverse  this trend.  Management's expectations are based on management's
best  judgment and actual results will depend on a number of factors that cannot
be  predicted  with  certainty and thus fulfillment of management's expectations
cannot  be  assured.


                                        6
<PAGE>
Liquidity  and  Sources  of  Capital
------------------------------------

     The  $2.0 million increase in deposits from December 31, 1998, to September
30,  1999,  is  primarily  reflected in the increase of the Bank's loans of $9.2
million,  offset  by  the  $5.1  million  decrease in federal funds sold and the
disbursement  of  the  $1.2  million loan payment held in escrow.  The Company's
primary  source  of  liquidity  is cash on hand plus short term investments.  At
September  30,  1999, the Company's liquid assets totaled $7.7 million, or 14.7%
of  total  assets,  compared  to  $13.0  million,  or  26.1% of total assets, at
December 31, 1998.  Another source of liquidity is the $6.0 million secured line
of  credit  the Company has from the Federal Home Loan Bank of Atlanta, of which
$1.6  million  is  currently used, the $1.0 million unsecured line of credit the
Company  has  from  a  correspondent  bank, and the $1.5 million secured line of
credit  the  Company  has  from  another correspondent bank, of which $75,000 is
pledged to secure repurchase agreements.  If additional liquidity is needed, the
Bank  will  sell  participations  in  its  loans.

     The  capital  of  the Company and the Bank exceed all prescribed regulatory
capital  guidelines  at  September  30, 1999.  At September 30, 1999, the Tier 1
leverage  ratio  for  the Bank was 9.05%.  At September 30, 1999, the Bank had a
risk-weighted  total capital ratio of 12.98%, and a Tier 1 risk-weighted capital
ratio  of  11.72%.  The  Company expects that its current capital and short-term
investments  will  satisfy  the  Company's cash requirements for the foreseeable
future.  However,  no  assurance  can  be  given in this regard as rapid growth,
deterioration  in  the  loan quality or poor earnings, or a combination of these
factors,  could  change  the  Company's  capital  position in a relatively short
period  of  time.

Accounting  Rule  Changes
-------------------------

     In  June  1998,  the  Financial  Accounting Standards Board ("FASB") issued
Statement  of  Financial Accounting Standards No. 133, Accounting for Derivative
Instruments  and  Hedging  Activities.  The  Company currently has no derivative
instruments  or  hedging  activities  but  elected  early  adoption  of  this
pronouncement.  The  standard  allows,  at  adoption,  a  one-time  transfer  of
securities  between  the  held-to-maturity  and  available-for-sale  securities
without  affecting  the  classification  of  other  securities.  The  Company
transferred  its  remaining  securities  classified  as  held-to-maturity to the
available-for-sale  portfolio.

Year  2000  Issues
------------------

     The  Year  2000 issue relates to computer programs that use only two digits
to  identify  a  year in the date field.  Unless corrected, these programs could
read the year 2000 as the year 1900 and likely would adversely affect any number
of  calculations that are made using the date field.  Financial institutions are
highly  computerized  organizations  and  the  Year  2000  issue  represents  a
significant  risk  to  the  industry.  The  Company  faces the same risks as the
industry.  The  failure  of  a major loan or deposit system due to the Year 2000
issue could result in interest and balances being calculated inaccurately.  Such
failures could have a significant impact on a financial institution's operations
and  liquidity.

     Management  has  a  Year  2000  Committee,  which  reports  to  the  Board,
responsible  for  assessing  progress  in  the  Company's  plans to minimize the
effects  of  the Year 2000 issue.  In its assessment of the Year 2000 issue, the
committee  identified  five  major  phases:  Awareness,  Assessment, Renovation,
Validation  and  Implementation.

     The awareness phase is a continuing effort to educate employees, customers,
business  partners and vendors of the impact of the Year 2000 issue.  The effort
is  well under way through communication with the appropriate constituencies and
training for all employees.  During the assessment phase, which was completed by
March 31, 1998, a detailed list was compiled of all vendors, hardware, software,
and  equipment  owned or used by the Company.  Each item was assigned a priority
based on its importance to the operations of the Company and the risk associated
with  non-compliance.  All  manufacturers,  software  providers and vendors were
requested  to  provide information relating to the readiness of their product or
process  for  the  Year 2000.  The mission critical areas were identified as the
third  party data processor, the loan documentation and compliance software, the
new  accounts  platform software, the proof machines, the microfilmer and fische
reader  and  the security system.  The Company has also assessed non-information
technology  systems,  including  the  alarm  systems  of  the  Company.


                                        7
<PAGE>
     The validation phase consisted of testing all mission critical hardware and
software  for  Year  2000 readiness.  Validation of the core banking systems has
been  completed.  Test  transactions were processed on loan and deposit accounts
to  validate  the  accuracy of the Company's third party data processing service
provider.  Validation  tests  were  also run on the loan and compliance software
and  the  Federal Reserve Bank FedLine system.  All tests were successful and no
Year  2000  problems  were  indicated.  Contingency  planning  for  all  mission
critical  functions  was  completed  in  June  1999.

     Of  concern  to management is the amount of funds which may be necessary to
have in the Bank and the ATM at the end of 1999 in the event customers desire to
withdraw  extra  cash.  The  Company  is  currently working to estimate the most
likely  level  of cash requirements, the source of these funds, and the required
level of security and insurance for the additional cash.  It may be necessary to
build  significant  levels of cash at the end of 1999 which could reduce earning
assets or increase borrowings for a period of time, thereby negatively affecting
earnings.  In addition, it may be necessary to purchase commitments from current
cash  sources  to  guarantee funds availability and to purchase commitments from
vendors  who  transport  cash.

     Another  concern  is  the preparedness of the Bank's customers for the Year
2000 issue.  For example, commercial loan customers may be unable to repay their
loans  from  the  Bank if their business is negatively impacted by the Year 2000
issue.  Management  continues  to attempt to address this issue by educating its
customers  as  to  the  possible consequences of not being prepared for the Year
2000  issue.  In  addition,  loan  underwriting  for  the past year has included
issues  relating  to  the  customers'  preparedness  for the Year 2000 and their
reliance  on  computers  in  their  business  operations.

     The  Company's  total  costs  associated  with  the  Year  2000  issue will
primarily  include  the  costs  incurred  to  upgrade  the existing software and
hardware  not  currently  Year  2000  compliant.  The Company expects that these
costs will be incurred in the normal course of business as software and hardware
is  ordinarily  upgraded  to keep pace with technological advances.  The Company
estimates  that $1,000 has been spent to date which could be related to the Year
2000  issue.  The Company does not track internal costs for personnel devoted to
the  Year  2000 issue; however, one individual has spent significant time on the
project  and many individuals have spent numerous hours working on the Year 2000
issue.

Market  Risk
------------

     Net  interest income of the Company is one of the most important factors in
evaluating  the financial performance of the Company.  The Company uses interest
sensitivity  analysis  to  determine  the  effect of rate changes.  Net interest
income  is  projected  over  a  one-year  period  to  determine the effect of an
increase  or  decrease  in the prime rate of 100 basis points.  If prime were to
decrease  100  basis  points,  the  Company  would  experience a decrease in net
interest  income  of  $14,887 if all assets and liabilities maturing within that
period  were  adjusted  for  the rate change.  The sensitivity analysis does not
consider  the likelihood of these rate changes nor whether management's reaction
to  this  rate  change  would  be  to  reprice  its  loans  and  deposits.


                                        8
<PAGE>
                                     PART II
                                OTHER INFORMATION

ITEM  1.  LEGAL  PROCEEDINGS.

     There are no material pending legal proceedings to which the Company or the
Bank  is  a  party  or  of  which  any  of  their  property  is  the  subject.

ITEM  2.  CHANGES  IN  SECURITIES.

     None.

ITEM  3.  DEFAULTS  UPON  SENIOR  SECURITIES.

     Not  applicable.

ITEM  4.  SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS.

     There  were  no  matters submitted to a vote of security holders during the
quarter  ended  September  30,  1999.

ITEM  5.  OTHER  INFORMATION.

     None.

ITEM  6.  EXHIBITS  AND  REPORTS  ON  FORM  8-K.

     (a)     Exhibits.

          11.1     Computation  of  Earnings  Per  Share.

          27.1     Financial  Data  Schedule  (for  SEC  use  only).

     (b)     Reports  on  Form  8-K.

          There  were  no  reports  on  Form 8-K filed by the Company during the
          quarter  ended  September  30,  1999.


                                        9
<PAGE>
                                   SIGNATURES


     In  accordance  with  the  requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                       EASTON  BANCORP,  INC.
                                       ----------------------
                                       (Registrant)



Date:    November  10,  1999           By:  /s/  R. Michael S. Menzies, Sr.
       ---------------------                -------------------------------
                                                 R.  Michael  S.  Menzies,  Sr.
                                                 President



Date:    November  10,  1999           By:  /s/  Pamela  A.  Mussenden
       ---------------------                ---------------------------
                                                 Pamela  A.  Mussenden
                                                 Assistant  Treasurer
                                                 (Principal  Financial  Officer)


                                       10
<PAGE>
                           INDEX TO EXHIBITS


Exhibit                                                      Sequential
Number   Description                                        Page  Number
------   -------------------------------------------------  ------------

11.1     Computation  of  Earnings  Per  Share.

27.1     Financial  Data  Schedule  (for  SEC  use  only).


<PAGE>