Company:  SHORE BANCSHARES INC (SHBI)
Form Type:  8-K
Filing Date:  4/15/2019 
CIK:  0001035092 
Address:  18 EAST DOVER STREET 
City, State, Zip:  EASTON, Maryland 21601-3013 
Telephone:  (410) 822-1400 
Fiscal Year:  12/31 
Last Trade
Last Trade: 
$15.02  
Change: 
-0.03 (-0.20%)  
Trade Time: 
12:09 PM EST  
Market Cap: 
$191.95M
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© 2019  
Description of Business
The Company was incorporated under the laws of Maryland on March 15, 1996 and is a financial holding company registered under the Bank Holding Company Act of 1956, as amended (the "BHC Act"). The Company is the largest independent financial holding company located on the Eastern Shore of Maryland. The Company, through its subsidiary, provides commercial banking products and services, including trust, wealth management and financial planning services. The Company and Shore United Bank (the "Bank") are Affirmative Action/Equal Opportunity Employers. Recent Transactions On December 31, 2018, the Company sold the assets and activities of its insurance business, The Avon-Dixon Agency, LLC ("Avon"), a Maryland limited liability company, with two specialty lines, trading as Elliot Wilson Insurance (Trucking) and Jack Martin & Associates (Marine). The Company received net proceeds from the sale of $25.2 million.
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  FORM 8-K
    SECTION 8 OTHER EVENTS
      Item 8.01 Other Events
    SECTION 9 FINANCIAL STATEMENTS AND EXHIBITS
      Item 9.01 Financial Statements and Exhibits.
    SIGNATURES
    EXHIBIT INDEX
  EXHIBIT 99.1