Shore United Bank Opens New Office in Onley, Virginia


Shore Bancshares, Inc. (NASDAQ: SHBI) announced today that its banking subsidiary, Shore United Bank, opened a new branch in Onley, Virginia.

"Our new full-service branch is open and ready to serve clients," noted Branch Manager, Jennifer Annis. "We look forward to helping our customers achieve their personal and business financial goals."

"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."

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.

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