ADDED
We also may make forward-looking statements in other documents filed with or furnished to the Securities and Exchange Commission, and our senior management may make forward-looking statements orally to investors, analysts, representatives of the media, and others.
Forward-looking statements may be identified by the use of words such as believe, expect, anticipate, plan, estimate, intend, potential, target, plan, goal, or words of similar meaning, or future or conditional verbs such as could, would, or may.
Forward-looking statements include statements of our goals, intentions, or expectations; statements regarding our business plans, prospects, growth, or operating strategies; statements regarding the quality of our loan and investment portfolios; and estimates of our risks and future costs and benefits.
was incorporated under the laws of Maryland on March 15, 1996 and is the bank holding company for Shore United Bank, N.A,.
Throughout this report, references to the Company, we, our, and us, and similar terms refer to the consolidated entity consisting of Shore Bancshares, Inc.
Shore Bancshares refers solely to the parent holding company, and the Bank refers solely to Shore Bancshares subsidiary bank, Shore United Bank, N.A.
Shore Bancshares is registered as a financial holding company under the Bank Holding Company Act of 1956, as amended (the BHC Act ).
The Company offered title services through its wholly-owned subsidiary, Mid-Maryland Title Company, Inc.
(the Title Company ), which engaged in residential and commercial real estate settlement activities and offered title insurance policies, title search and lien satisfaction services.
The Title Company ceased conducting real estate closings effective March 31, 2025.
REMOVED
and subsidiaries (the Company or Shore and we, our or us on a consolidated basis) contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995.
These forward looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections and statements of our beliefs concerning future events, business plans, expected operating results and the assumptions upon which those statements are based.
In some cases, you can identify these forward-looking statements by words like may, will, should, expect, plan, anticipate, intend, believe, estimate, predict, potential, or continue or the negative of those words and other comparable terminology, although not all forward-looking statements contain these words.
trade policies, including the implementation of tariffs and other protectionist trade policies; the impact of governmental efforts to restructure or adjust the U.S.
financial regulatory system; a deterioration of the credit rating for U.S.
government may take to avoid exceeding the debt ceiling, and uncertainties surrounding the debt ceiling and the federal budget; the impact of recent or future changes in Federal Deposit Insurance Corporation (the FDIC ) insurance assessment rate or the rules and regulations related to the calculation of the FDIC insurance assessment amount, including any special assessments; the effect of fiscal and governmental policies of the U.S.
You should also consider carefully the Risk Factors contained in Item 1A.
You should understand that it is not possible to predict or identify all such factors.
Consequently, you should not consider such disclosures to be a complete discussion of all potential risks or uncertainties.
BUSINESS OVERVIEW General 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 ).