SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 15, 2019
SHORE BANCSHARES, INC.
(Exact name of registrant as specified in its charter)
|(State or other jurisdiction of||(Commission file number)||(IRS Employer|
|incorporation or organization)||Identification No.)|
28969 Information Lane, Easton, Maryland 21601
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (410) 763-7800
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:
|¨||Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)|
|¨||Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)|
|¨||Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))|
|¨||Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
|Item 8.01||Other Events|
On April 15, 2019, Shore Bancshares, Inc. announced today that its banking subsidiary, Shore United Bank, received approval from the Federal Reserve Bank of Richmond and the State of Maryland to open a new full-service bank branch in West Ocean City, Maryland. The opening of this branch is not expected to occur until late 2019.
A copy of the press release issued by Shore Bancshares, Inc. on April 15, 2019 is attached to this Current Report on Form 8-K as Exhibit 99.1
|Item 9.01||Financial Statements and Exhibits.|
The exhibits that are filed or furnished with this report are listed in the Exhibit Index that immediately follows the signatures hereto, which list is incorporated herein by reference.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|SHORE BANCSHARES, INC.|
|Dated: April 15, 2019||By:||/s/ Lloyd L. Beatty, Jr.|
|Lloyd L. Beatty, Jr.
President and Chief Executive Officer
|99.1||Press Release, dated April 15, 2019 (filed herewith)|
Shore United Bank Opens Branch in West Ocean City, Maryland
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.
CONTACT: Debra Rich, 410-763-7800