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About
Shore Bancshares, Inc. operates as a bank holding company for the Talbot Bank of Easton and the Centreville National Bank of Maryland. The company operates through two segments: Community Banking and Insurance Products and Services. The Community Banking segment provides services to consumers and small businesses on the eastern shore of Maryland and in Delaware. Its activities include small business services, retail brokerage, trust services and consumer banking products and services. The Insurance Products and Services segment provides insurance products and services to businesses and consumers in the company's market areas. Shore Bancshares was founded on March 15, 1996 and is headquartered in Easton, MD. | |||
Description
Shore Bancshares, Inc., through its subsidiaries, provides various commercial banking products and services to individuals, businesses, and other organizations in Maryland and Delaware. The company operates through two segments, Community Banking, and Insurance Products and Services. It offers various deposit products, including checking, savings, and money market accounts; and regular and IRA certificates of deposit, as well as CDARS programs, cash management services, and various checking services. The company also provides commercial loans, such as secured and unsecured loans, working capital loans, lines of credit, term loans, accounts receivable financing, real estate acquisition and development loans, construction loans, and letters of credit, as well as commercial mortgages, and equipment and operating loans; and loans to consumers comprising mortgage, home equity, automobile, marine, installment, and other secured and unsecured personal lines of credit. In addition, it offers safe deposit boxes; debit and credit cards; direct deposit of payroll; merchant credit card clearing services; telephone, mobile, and Internet banking services; and automatic teller machine (ATM) services. Further, the company provides non-deposit products, such as mutual funds and annuities, and discount brokerage services; trust, asset management, and financial planning services; and insurance products and services to businesses and consumers, including property and casualty, life, marine, individual health, and long term care insurance, as well as pension and profit sharing plans, and retirement plans. It operates 18 full service branches and 20 ATMs in the Kent County, Queen Anne's County, Caroline County, Talbot County, and Dorchester County in Maryland, as well as in Kent County, Delaware. Shore Bancshares, Inc. was founded in 1876 and is headquartered in Easton, Maryland. |