8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 2, 2007

SHORE BANCSHARES, INC.

(Exact name of registrant as specified in its charter)

Maryland	0-22345	52-1974638
(State or other jurisdiction of	(Commission file number)	(IRS Employer
incorporation or organization)		Identification No.)

18 East Dover Street, Easton, Maryland 21601

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (410) 822-1400

N/A

(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))

ITEM 7.01.Regulation FD Disclosure.

On May 2, 2007, Shore Bancshares, Inc. (the “Company”) filed a press release regarding the revision of its previously-announced stock repurchase program to increase the number of shares authorized for repurchase from 165,000 to 5% of the shares outstanding (or 418,700 shares as of April 30, 2007). A copy of the press release is furnished herewith as Exhibit 99.1.

The information contained in this Item 7.01 and in Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

ITEM 9.01.Financial Statements and Exhibits.

(d)Exhibits.

Exhibit 99.1Press release dated May 2, 2007 (furnished herewith).

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	SHORE BANCSHARES, INC.
Dated: May 3, 2007	By:	/s/ W. Moorhead Vermilye
		W. Moorhead Vermilye
		President and CEO

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EXHIBIT INDEX

Exhibit
Number	Description
99.1	Press release dated May 2, 2007 (furnished herewith).

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EX-99.1

Exhibit 99.1

Shore Bancshares, Inc.

18 E. Dover Street

Easton, Maryland 21601

Phone 410-822-1400

PRESS RELEASE

Shore Bancshares Authorizes 5% Stock Repurchase

Easton, Maryland (05/02/2007)- Shore Bancshares, Inc. (NASDAQ - SHBI) today said its Board of Directors has revised its previously reported stock repurchase plan to increase the number of shares of common stock that may be repurchased to 5% of its outstanding common stock (or 418,700 shares as of April 30, 2007). During the first quarter, the company purchased 10,000 shares of its stock. The repurchase plan authorizes repurchase in the open market or through privately negotiated transactions over a period of 60 months. The plan originally authorized the repurchase of up to 165,000 shares.

“As evidenced by the decision to increase the number of shares that may be repurchased, our Board is confident in the ongoing strength of our markets, the intrinsic value of our stock, and our ability to sustain the momentum we have developed via healthy organic growth,” said W. Moorhead Vermilye, president and CEO of Shore Bancshares. “We continue to be the leading independent community banking organization headquartered on the Delmarva peninsula and, as we manage the organization for growth and profitability to further build the franchise, we also intend to always focus on efforts aimed at improving shareholder value.”

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For information contact: W. Moorhead Vermilye, President and CEO: 410/819-3047