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Shore Bancshares, Inc Reports Quarterly Dividend of $0 12 Per Share

Share this article Share this article EASTON, Md., May 5, 2021 /PRNewswire/ Shore Bancshares, Inc. (NASDAQ - SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.12 per share, payable June 1, 2021 to stockholders of record on May 15, 2021.       We are pleased to announce the continuation of our quarterly cash dividend of $0.12 per share, said Lloyd L. Scott Beatty, Jr., President and Chief Executive Officer.  2021 is off to a great start with our 1 st quarter earnings meeting consensus targets. We remain committed to continued growth and enhancing shareholder value.   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,

Severn Bancorp Annual Meeting

Severn Bancorp Annual Meeting Share this article Filed by Severn Bancorp, Inc. Pursuant to Rule 425 under the Securities Act of 1933 And deemed filed pursuant to Rule 14a-12 Under the Securities Exchange Act of 1934 Subject Company: Severn Bancorp, Inc. Commission File No. 000-49731 Dear Severn Bancorp Stockholder, Severn Bancorp, Inc., the parent company of Severn Bank, has traditionally held its annual stockholders meeting in the spring. This year, the annual meeting has been postponed – and may not be held at all. Severn Bancorp, Inc. entered into a merger agreement with Shore Bancshares, Inc., the parent company of Shore United Bank. This will bring Severn Bank and Shore United Bank together.

Shore Bancshares Reports First Quarter 2021 Financial Results

Shore Bancshares Reports First Quarter 2021 Financial Results News provided by Share this article Share this article EASTON, Md., April 29, 2021 /PRNewswire/  Shore Bancshares, Inc. (NASDAQ - SHBI) (the Company ) reported net income of $3.998 million or $0.34 per diluted common share for the first quarter of 2021, compared to net income of $3.886 million or $0.32 per diluted common share for the fourth quarter of 2020, and net income of $3.118 million or $0.25 per diluted common share for the first quarter of 2020. On March 3, 2021, the Company and Severn Bancorp, Inc. ( Severn ) announced that they had entered into a merger agreement pursuant to which Severn will be merged with and into the Company. The Company anticipates that future quarters will be impacted by the recognition of additional merger-related expenses.   

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