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:  March  31,  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 May 4, 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)

                                                         March 31,     December 31,
                                                            1999           1998
                                                        ------------  --------------
<S>                                                     <C>           <C>
ASSETS
Cash and due from banks. . . . . . . . . . . . . . . .  $   851,768   $     976,682 
Federal funds sold . . . . . . . . . . . . . . . . . .    2,510,550       7,269,903 
Investment in Federal Home Loan Bank stock . . . . . .      150,000         145,600 
Investment securities available for sale . . . . . . .    5,020,903       4,840,026 
Loans, less allowance for credit losses of
  $530,033 and $530,000, respectively. . . . . . . . .   36,064,863      33,254,808 
Premises and equipment, net. . . . . . . . . . . . . .    1,731,916       1,662,127 
Intangible assets, net . . . . . . . . . . . . . . . .        3,061           1,853 
Accrued interest receivable. . . . . . . . . . . . . .      274,967         246,470 
Loan payment held in escrow. . . . . . . . . . . . . .      550,000       1,175,000 
Other assets . . . . . . . . . . . . . . . . . . . . .      156,807          92,924 
Deferred income taxes. . . . . . . . . . . . . . . . .      385,326         401,551 
                                                        ------------  --------------
           Total assets. . . . . . . . . . . . . . . .  $47,700,161   $  50,066,944 
                                                        ============  ==============

LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits
  Noninterest-bearing. . . . . . . . . . . . . . . . .  $ 4,258,513   $   4,682,618 
  Interest-bearing . . . . . . . . . . . . . . . . . .   37,401,459      39,436,342 
                                                        ------------  --------------
           Total deposits. . . . . . . . . . . . . . .   41,659,972      44,118,960 
Accrued interest payable . . . . . . . . . . . . . . .       89,944          95,611 
Securities sold under agreements to repurchase . . . .       80,131         281,019 
Note payable . . . . . . . . . . . . . . . . . . . . .    1,308,522       1,000,000 
Other liabilities. . . . . . . . . . . . . . . . . . .       72,201         111,685 
                                                        ------------  --------------
           Total liabilities . . . . . . . . . . . . .   43,210,770      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). . . . . . . . . . . . .     (772,435)       (816,863)
                                                        ------------  --------------
                                                          4,511,084       4,466,656 
  Accumulated other comprehensive income . . . . . . .      (21,693)         (6,987)
                                                        ------------  --------------
           Total stockholders' equity. . . . . . . . .    4,489,391       4,459,669 
                                                        ------------  --------------
           Total liabilities and stockholders' equity.  $47,700,161   $  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
                                          March  31,
                                     ------------------
                                       1999      1998
                                     --------  --------
<S>                                  <C>       <C>
Interest revenue
 Loans, including fees. . . . . . .  $766,937  $752,408
 Investment securities. . . . . . .    72,659    24,552
 Federal funds sold . . . . . . . .    62,399    52,700
                                     --------  --------
   Total interest revenue . . . . .   901,995   829,660

Interest expense. . . . . . . . . .   446,677   448,055
                                     --------  --------

   Net interest income. . . . . . .   455,318   381,605

Provision for loan losses . . . . .    18,000    36,533
                                     --------  --------

   Net interest income after
     provision for loan losses. . .   437,318   345,072
                                     --------  --------

Other operating revenue . . . . . .    38,308    26,761
                                     --------  --------

Other expenses
 Salaries and benefits. . . . . . .   252,197   204,318
 Occupancy. . . . . . . . . . . . .    17,431    13,521
 Furniture and equipment. . . . . .    18,160    24,901
 Other operating. . . . . . . . . .   119,610   101,494
                                     --------  --------
   Total operating expenses . . . .   407,398   344,234
                                     --------  --------

Net income before income taxes. . .    68,228    27,599

Income taxes. . . . . . . . . . . .    23,800         -
                                     --------  --------

Net income. . . . . . . . . . . . .  $ 44,428  $ 27,599
                                     ========  ========

Earnings per common share - basic .  $   0.08  $   0.05
                                     ========  ========

Earnings per common share - diluted  $   0.07  $   0.05
                                     ========  ========
</TABLE>

See  accompanying  Notes  to  Consolidated  Financial  Statements.

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

                                                            Three Months Ended
                                                                 March 31,
                                                        -------------------------
                                                            1999         1998
                                                        ------------  -----------
<S>                                                     <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES
 Interest received . . . . . . . . . . . . . . . . . .  $   872,599   $  862,718 
 Other revenue received. . . . . . . . . . . . . . . .       87,711       27,795 
 Cash paid for operating expenses. . . . . . . . . . .     (537,755)    (337,275)
 Interest paid . . . . . . . . . . . . . . . . . . . .     (452,344)    (446,703)
                                                        ------------  -----------
                                                            (29,789)     106,535 
                                                        ------------  -----------
CASH FLOWS FROM INVESTING ACTIVITIES
 Cash paid for premises and equipment. . . . . . . .        (32,959)      (2,043)
 Net loans to customers. . . . . . . . . . . . . . .     (2,200,386)    (187,382)
 Investment securities purchased . . . . . . . . . .       (968,613)    (271,200)
 Proceeds from sales/maturities of investments . . . .      759,284      250,000 
 Purchase of Foreclosed Property . . . . . . . . . . .      (60,450)           - 
                                                        ------------  -----------
                                                         (2,503,124)    (210,625)
                                                        ------------  -----------
CASH FLOWS FROM FINANCING ACTIVITIES
 Net increase (decrease) in time deposits. . . . . . .   (2,069,243)     673,331 
 Net increase (decrease) in other deposits . . . . . .     (389,745)     392,873 
 Net increase (decrease) in securities sold
     under agreements to repurchase. . . . . . . . . .     (200,888)       3,265 
 Proceeds from stock options exercised . . . . . . . .            -        1,500 
 Debt advances . . . . . . . . . . . . . . . . . . . .      308,522            - 
                                                        ------------  -----------
                                                          2,351,354    1,070,969 
                                                        ------------  -----------

NET INCREASE (DECREASE) IN CASH. . . . . . . . . . . .   (4,884,267)     966,879 
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD . . .    8,246,585    4,382,348 
                                                        ------------  -----------
CASH AND CASH EQUIVALENTS AT END OF PERIOD . . . . . .  $ 3,362,318   $5,349,227 
                                                        ============  ===========

RECONCILIATION OF NET INCOME TO NET CASH
 PROVIDED (USED) IN OPERATING ACTIVITIES
 Net income. . . . . . . . . . . . . . . . . . . . . .  $    44,428   $   27,599 
 Adjustments to reconcile net income to net cash
 provided (used) in operating activities:
 Depreciation and amortization . . . . . . . . . . . .       24,182       40,809 
 Provision for loan losses . . . . . . . . . . . . . .       18,000       36,533 
 Decrease (increase) in accrued interest receivable
   and other assets. . . . . . . . . . . . . . . . . .      (68,579)      43,912 
 Increase (decrease) in operating accounts payable
   and other liabilities . . . . . . . . . . . . . . .      (45,151)     (29,760)
 Increase (decrease) in deferred loan origination fees       (2,669)     (12,561)
                                                        ------------  -----------
                                                           ($29,789)  $  106,532 
                                                        ============  ===========
</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
three months ended March 31, 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 at 108 Market Street, in Denton, Maryland.  The Bank intends
to  open a branch at this location in Denton by September 1999.  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
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 March 31, 1999, was
$44,428,  compared  to  $27,599  during  the  corresponding period of 1998.  Net
income  before  income  taxes  was  $68,228 for the three months ended March 31,
1999, compared to $27,599 during the corresponding period of 1998.  The increase
in earnings before income taxes can be attributed to an increase in net interest
income  of  approximately  $74,000,  a  decrease of approximately $19,000 in the
provision  for  loan  losses,  and an increase of approximately $12,000 in other
operating  income,  offset  by  an  increase  of  approximately $63,000 in total
operating  expenses.  The increase in net interest income is primarily due to an
increase  of  approximately  $48,000  in  interest  earned  on the growth in the
investment  portfolio.  The  increase  in  total operating expenses is primarily
attributed  to  an  increase  in salaries and benefits of approximately $48,000.

     The  Bank's  loan  portfolio  increased  from $33.3 million at December 31,
1998,  to $36.1 million at March 31, 1999.  The Bank's provision for loan losses
was  $18,000  for  the quarter ended March 31, 1999, compared to $36,533 for the
quarter  ended  March  31,  1998.  The allowance for loan losses was $530,033 at

                                      5
<PAGE>
March  31,  1999,  or 1.45% of total loans, compared to $530,000 at December 31,
1998,  or  1.57%  of  total  loans.  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.

     Noninterest  expense  increased  $63,164  to $407,398 for the quarter ended
March  31,  1999,  from  $344,234  for  the  quarter  ended March 31, 1998.  The
increase  was  primarily  related  to  the increases in salaries and benefits of
$47,879.  The  increase  in  salaries  and  benefits  was  due  to annual salary
increases,  one  new full-time employee and one new part-time employee hired for
the  main  office, and two new full-time employees hired for the Bank's new loan
production  office  in  Denton,  Maryland,  which  was  opened in February 1999.

     Return  on  average  assets and average equity, on an annualized basis, for
the quarter ended March 31, 1999, were .43% and 4.74%, respectively, compared to
 .29%  and 3.19%, respectively, for the same quarter of 1998.  Earnings per share
on  a  fully  diluted basis for the quarters ended March 31, 1999, and March 31,
1998,  amounted  to  $.07  and  $.05.

     The  Company's  assets  ended the first quarter of 1999 at $47.7 million, a
decrease  of  $2.4  million,  or  4.7%, from $50.1 million at December 31, 1998.
This  decrease can be attributed primarily to the decrease in federal funds sold
of  $4.8  million,  offset  by the increase in the Bank's loans of $2.8 million.
The  Company  borrowed an additional $300,000 from the Federal Home Loan Bank of
Atlanta  that brings total borrowings from the Federal Home Loan Bank of Atlanta
to  $1.3  million,  that  are  match  funded  on  two  loans.

     Management  expects  that  its  1999 income will exceed expenses.  Although
management  expects  that the Company's current profitably 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.

Liquidity  and  Sources  of  Capital
------------------------------------

     The  $2.5 million decrease in deposits from December 31, 1998, to March 31,
1999, is primarily reflected in the $4.8 million decrease in federal funds sold,
offset  by  the  increase  in  the  Bank's loans of $2.8 million.  The Company's
primary  source  of  liquidity  is cash on hand plus short-term investments.  At
March  31,  1999,  the Company's liquid assets totaled $8.5 million, or 17.9% of
total  assets,  compared to $13.2 million, or 26.4% of total assets, at December
31,  1998.  Another source of liquidity is the $6 million secured line of credit
the  Company  has  from  the  Federal  Home  Loan Bank of Atlanta, of which $1.3
million  is used, the $1 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 exceeded all prescribed regulatory
capital  guidelines  at  March 31, 1999.  At March 31, 1999, the Tier 1 leverage
ratio  for  the Bank was 8.90%.  At March 31, 1999, the Bank had a risk-weighted
total  capital  ratio  of  13.33%,  and  a Tier 1 risk-weighted capital ratio of
12.08%.  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.

                                      6
<PAGE>
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.

     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  is  underway  and  will  be  completed  by  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.

                                      7
<PAGE>
     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  customer's  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  $17,348 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.


                                  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 security holders for a vote during the
quarter  ended  March  31,  1999.

                                      8
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ITEM  5.  OTHER  INFORMATION.

     On  April  12,  1999,  the  Bank received approval from the Federal Deposit
Insurance  Corporation  and  the  State  of Maryland State Banking Department to
establish a branch at 108 Market Street, Denton, Caroline County, Maryland.  The
Bank  intends  to open a full service branch at this location by September 1999.

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  March  31,  1999.

                                      9
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                                 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:    May  7,  1999                    By:  /s/  W.  David  Hill
       ---------------                        ---------------------
                                                    W.  David  Hill
                                                    Chairman of the Board



Date:    May  7,  1999                    By:  /s/  Pamela  A.  Mussenden
       ---------------                        ---------------------------
                                                    Pamela  A.  Mussenden
                                                    Assistant  Treasurer
                                                   (Principal Financial Officer)

                                      10
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                                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>