EASTON, Md., Jan. 6, 2020
/PRNewswire/ -- Shore Bancshares, Inc. (the "Company")
(NASDAQ:SHBI) announced today that John H.
Wilson, one of its distinguished board members resigned on
January 3, 2020, made effective as of
January 1, 2020.
Lloyd L. "Scott" Beatty, Jr., President and Chief Executive
Officer stated, "We are saddened by the recent announcement of Mr.
Wilson's retirement from the board due to personal reasons.
He has been a long-standing member of our board and remains a
well-known business leader in the Eastern
Shore community." Frank E.
Mason, III, Chairman of the Board, commented, "Mr. Wilson
has served on our Board for the past 10 years and his insight and
experience will be sorely missed. We thank Mr. Wilson for his
dedication and commitment to serving on our board and our community
of customers."
Shore Bancshares Information
Shore Bancshares 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. Shore Bancshares 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.
Forward-Looking Statements
The statements contained herein that are not historical facts
are forward-looking statements (as defined by the Private
Securities Litigation Reform Act of 1995) based on management's
current expectations and beliefs concerning future developments and
their potential effects on the Company. Such statements involve
inherent risks and uncertainties, many of which are difficult to
predict and are generally beyond the control of the Company. There
can be no assurance that future developments affecting the Company
will be the same as those anticipated by management. These
statements are evidenced by terms such as "anticipate," "estimate,"
"should," "expect," "believe," "intend," and similar expressions.
Although these statements reflect management's good faith beliefs
and projections, they are not guarantees of future performance and
they may not prove true. These projections involve risk and
uncertainties that could cause actual results to differ materially
from those addressed in the forward-looking statements. For a
discussion of these risks and uncertainties, see the section of the
periodic reports filed by Shore Bancshares, Inc. with the
Securities and Exchange Commission entitled "Risk Factors".
The Company specifically disclaims any obligation to update any
factors or to publicly announce the result of revisions to any of
the forward-looking statements included herein to reflect future
events or developments.
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SOURCE Shore Bancshares, Inc.