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): November 28, 2012
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) 763-7800
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 8.01. | Other Information. |
On November 28, 2012, Shore Bancshares, Inc. (the “Company”) issued a press release announcing that The Talbot Bank of Easton, Maryland, a wholly-owned bank subsidiary of the Company, has appointed Patrick M. Bilbrough to serve as its President and Chief Executive Officer. A copy of the press release is filed herewith as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. | Financial Statements and Exhibits. | |
(d) | Exhibits. |
Exhibit 99.1 Press release dated November 28, 2012 (filed herewith).
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: November 28, 2012 | By: | /s/ W. Moorhead Vermilye |
W. Moorhead Vermilye | ||
Chief Executive Officer |
EXHIBIT INDEX
Exhibit | ||
Number | Description | |
99.1 | Press release dated November 28, 2012 (filed herewith). |
Exhibit 99.1
Shore Bancshares, Inc.
18 E. Dover Street
Easton, Maryland 21601
Phone 410-763-7800
PRESS RELEASE
Bilbrough promoted to President and Chief Executive Officer of Talbot Bank as Duncan retires
Easton, Maryland (11/28/2012) - The Boards of Directors of Shore Bancshares, Inc. (NASDAQ - SHBI) and The Talbot Bank of Easton, Maryland today announced that Patrick M. Bilbrough has been promoted to President and CEO of the Talbot Bank, a subsidiary of Shore Bancshares. Mr. Bilbrough, 48, joined Talbot Bank in May of 2011 as an Executive Vice President and has since been responsible for general administration with a focus on credit improvement. He succeeds William W. (Buck) Duncan, who joined Talbot Bank in 2006 as President and CEO and will retire on December 31, 2012.
Prior to his employment with Talbot Bank and since 2007, Mr. Bilbrough served as the Market Executive of PNC Bank, N.A., of Pittsburgh where he was responsible for the 11-county Delmarva Region. He was concurrently serving as a commercial banking team leader for a 5-county area. In 2004, he was named Executive Vice President of the Mercantile Eastern Shore Bank and, following six months as its chief financial officer, he then served as senior lender and senior credit officer prior to the acquisition of Mercantile by PNC in 2007. Mercantile Eastern Shore Bank was a combination of the Peoples Bank of Maryland, St. Michaels Bank and the Chestertown Bank.
From 1995 to 2004, Mr. Bilbrough was with the Peoples Bank of Maryland, of Denton, where he had most recently been President and CEO after beginning as its chief financial officer and comptroller. He was a small business owner from 1985 to 1995.
“A key to our future success has been the development of a succession plan for senior management,” said W. Moorhead Vermilye, Chairman of the Talbot Bank’s board. “We are very pleased to be able to promote from within the organization a talented career banker with such a diverse background who is a longtime member of our local community.”
Mr. Bilbrough graduated from Salisbury University. He is a Certified Public Accountant, a graduate of the RMA Advanced Commercial lending School, and the Executive Challenge Course sponsored by GAP International, a leadership program for Fortune 500 executives. He serves on the Boards of Directors of the Benedictine School and Choptank Community Health Services. He resides in Greensboro, MD.
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