Shore United Bank Expands to Virginia

7/5/17

Shore Bancshares, Inc. (NASDAQ: SHBI) announced today that its banking subsidiary, Shore United Bank, will open a new Office in Onley, Virginia. Jennifer Annis will lead the office which is expected to open in the late third quarter of 2017.

"Ms. Annis has over 25 years of banking experience and has extensive market knowledge of the lower eastern shore," noted Pat Bilbrough, Shore United Bank's President and Chief Executive Officer. "Our expansion to Virginia is a strategic move to further expand our footprint to the lower shore and to enhance our community banking model in Onley, Virginia." W. Thomas Mears, Shore United Bank's Market Executive Officer, added "client relationships will be handled by a team of experienced bankers to meet the needs of local clients and businesses."

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; one retail insurance producer firm, The Avon-Dixon Agency, LLC ("Avon-Dixon"), with two specialty lines, Elliott Wilson Insurance (Trucking) and Jack Martin Associates (Marine); and an insurance premium finance company, Mubell Finance, LLC ("Mubell"). 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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