EASTON, Md., April 15, 2019 /PRNewswire/ -- Shore Bancshares,
Inc. (NASDAQ: SHBI) announced today that its banking subsidiary,
Shore United Bank, will open a new Office in West Ocean City, Maryland.
The new West Ocean City branch
is set to open a full-service banking office next to Candy Kitchen on Ocean Gateway, Ocean City, Maryland later this
year.
"West Ocean City is an ideal
location for Shore United Bank," said Lloyd L. "Scott" Beatty, Jr.,
President and Chief Executive Officer. "Over the past three
years, we were proactive in strategically expanding our presence
into contiguous markets. The execution of our expansion will
provide us with 22 branches, and 2 loan production offices serving
Maryland, Delaware and Virginia. We have an outstanding lending team
in Ocean City and we are thrilled
to support them with a full-service branch."
About Shore Bancshares, Inc.
Shore Bancshares, Inc. is a financial holding company
headquartered in Easton, Maryland
and is the largest independent bank holding company located on
Maryland's Eastern Shore. It
is the parent company of Shore United Bank and an insurance premium
finance company, Mubell Finance, LLC. Shore Bancshares Inc. engages
in trust and wealth management services through Wye Financial &
Trust, a division of Shore United Bank.
Additional information is available
at www.shorebancshares.com.
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SOURCE Shore Bancshares, Inc.