Shore Bancshares

#6188

Rank

$224.14M

MarketCap US

US United States

Country

Summary
Shore Bancshares, Inc. operates as a bank holding company for the Shore United Bank that provides various commercial and consumer banking products and services to individuals, businesses, and other organizations. It offers checking, savings, overnight investment sweep, and money market accounts; and regular and IRA certificates of deposit, as well as CDARS programs and cash management services. The company also provides commercial loans, such as secured and unsecured loans, working capital loans, lines of credit, term loans, accounts receivable financing, real estate acquisition and development loans, construction loans, and letters of credit; residential real estate construction loans; residential mortgage loans; and loans to consumers, including home equity, automobile, installment, home improvement, and personal lines of credit, as well as other consumer financing products. In addition, it offers non-deposit products, such as mutual funds and annuities, and discount brokerage services; and trust, asset management, and financial planning services. Further, the company provides merchant credit card clearing, as well as telephone, mobile, and Internet banking services; safe deposit boxes; debit and credit cards; direct deposit of payroll; and automatic teller machine (ATM) services. It operates 29 full service branches, 30 ATMs, and 5 loan production offices in Baltimore City, Baltimore County, Howard County, Kent County, Queen Anne's County, Caroline County, Talbot County, Dorchester County, Anne Arundel County, and Worcester County in Maryland; Kent County, Delaware; and Accomack County, Virginia. The company was founded in 1876 and is headquartered in Easton, Maryland.

History

Shore Bancshares traces its history back to 1902 when it was first founded as the Easton Bank & Trust Company in Easton, Maryland. Through the years, the Bank has grown from a single office to 25 offices throughout the Mid-Atlantic region with total assets over $1.7 billion.


Mission
Shore United Bank’s mission is to be the best financial partner for our customers, shareholders and communities by providing exceptional service, helping our customers achieve their financial goals and making a positive impact on the communities we serve.

Vision
Our vision is to have a direct and positive impact on our customers and communities, creating a regional bank of choice for our customers, employees and shareholders.

Key Team

Charles F. Kade III (Sr. VP & Chief Information Officer)

Ms. Andrea E. Colender (Exec. VP, Chief Legal Officer & Corp. Sec.)

Mr. W. David Morse (Exec. VP, Gen. Counsel & Assistant Sec.)

Ms. Christa Jo Heron (Exec. VP & Chief Risk Officer)

Mr. Vance W. Adkins CPA, CGMA (Exec. VP & Treasurer)


Recognition and Awards
Shore United Bank has been recognized as one of the United State’s top performing banks by a number of third-party organizations, including the Independent Community Bankers of America, S&P Global Market Intelligence and the Maryland Bankers Association.

References
Shore Bancshares
Leadership team

Mr. Lloyd L. Beatty Jr. (Pres, CEO & Director)

Mr. Edward Conley Allen Jr. (Exec. VP & CFO)

Ms. Donna J. Stevens (Exec. VP & COO)

Products/ Services
Banking, Financial Services, Insurance
Number of Employees
100 - 500
Headquarters
Easton, Maryland, United States
Established
1876
Company Registration
SEC CIK number: 0001035092
Net Income
20M - 100M
Revenue
100M - 500M
Traded as
SHBI
Social Media
Fri Mar 01 2024
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