UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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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 7.01 Regulation FD Disclosure
On October 28, 2020, Shore Bancshares, Inc. (the “Company”), the holding company of Shore United Bank, issued a press release announcing that Shore United Bank was recognized by Newsweek and Lending Tree as the best small bank in Maryland, as described in greater detail in Item 8.01 of this Current Report on Form 8-K. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Information contained in this Item 7.01, including Exhibit 99.1, shall not be deemed filed for the purposes of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall such information and Exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), except as shall be expressly set forth by specific reference in such a filing.
Item 8.01. Other Events.
On October 28, 2020, The Company announced that its bank, Shore United Bank, was recognized by Newsweek and Lending Tree as the best small bank in Maryland.
Newsweek partnered with Lending Tree, to compare financial services, for the first-ever Best Banks rankings. They compared over 2,500 FDIC-insured institutions to assess U.S. banks and the deposit accounts they offer to identify a “best-in-class option” in 19 categories, that included the best big and small bank in each state.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 Shore Bancshares Inc. Press Release
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.
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SIGNATURES
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: October 28, 2020 | By: | /s/ Lloyd L. Beatty, Jr. |
Lloyd L. Beatty, Jr. President and Chief Executive Officer |
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Exhibit 99.1
Shore United Bank Rated America’s Best Small Bank in Maryland
EASTON, Md., October 28, 2020 - /PRNewswire/ -- Shore Bancshares, Inc. (the "Company") (NASDAQ: SHBI), the largest independent bank holding company located on Maryland’s Eastern Shore, announced that its bank, Shore United Bank, was recognized by Newsweek and Lending Tree as the best small bank in Maryland.
“We are honored to be chosen as one of America’s Best Banks,” said Lloyd L. “Scott” Beatty, Jr., President and Chief Executive Officer. “When you are recognized for doing what’s right for the customer and our local economy, it makes this announcement even more gratifying.”
Lending Tree, in consultation with Newsweek, evaluated several data sources including quarterly call reports, consumer complaints, mobile app reviews, historical interest rates, account terms and consumer service features to identify the top banks in America by state. Of the 2,500 banks evaluated, they then identified the financial institutions that “best serve their customers’ needs.”
To read the article in its entirety visit https://www.newsweek.com/americas-best-banks-2021/best-small-banks-state.
For more information about Shore United Bank, visit www.ShoreUnitedBank.com
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 Partners, a division of Shore United Bank.
Additional information is available at www.shorebancshares.com.
Contact: Lloyd L. “Scott” Beatty, Jr. President and Chief Executive Officer, 410-763-7800
Cover |
Oct. 28, 2020 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Oct. 28, 2020 |
Entity File Number | 000-22345 |
Entity Registrant Name | SHORE BANCSHARES, INC. |
Entity Central Index Key | 0001035092 |
Entity Tax Identification Number | 52-1974638 |
Entity Incorporation, State or Country Code | MD |
Entity Address, Address Line One | 18 E. Dover St. |
Entity Address, City or Town | Easton |
Entity Address, State or Province | MD |
Entity Address, Postal Zip Code | 21601 |
City Area Code | 410 |
Local Phone Number | 763-7800 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock |
Trading Symbol | SHBI |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
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