Shore Bancshares dba Shore United Bank has filed a notice of an exempt offering of securities to raise $60 Million in New Funding.
According to filings with the U.S. Securities and Exchange Commission, Shore Bancshares dba Shore United Bank is raising up to $60,000,000.00 in new funding. The federal securities law requires the notice to be filed by companies that have sold securities without registration under the Securities Act of 1933 in an offering made under Rule 504 or 506 of Regulation D or Section 4(a)(5) of the Securities Act. A company must file this notice within 15 days after the first sale of securities in the offering. For this purpose, the date of first sale is the date on which the first investor is irrevocably contractually committed to invest. Each issuer of securities that sells its securities in reliance on an exemption provided in Regulation D or Section 4(a)(5) of the Securities Act of 1933 must file this notice containing the information requested with the U.S. Securities and Exchange Commission (SEC) and with the state(s) requiring it. If more than one issuer has sold its securities in the same transaction, all issuers should be identified in this filing with the SEC.
About Shore Bancshares dba Shore United Bank
Shore United Bank is a full-service community bank with a rich history dating back to 1876. In excess of one billion in assets, we offer innovative financial services delivered with the personal touch you expect from a community bank. We serve a broad geographic area with branches in Maryland, Delaware and Virginia, and we also provide a comprehensive suite of digital banking services that allow you to bank with us no matter where life takes you. In addition to banking, we offer trust and wealth management services through Wye Financial & Trust, a division of Shore United Bank. Together, our team of experienced professionals is dedicated to helping you achieve your financial goals. Member FDIC.
To learn more about Shore Bancshares dba Shore United Bank, visit https://www.shoreunitedbank.com/
Shore Bancshares dba Shore United Bank Linkedin Page: https://www.linkedin.com/company/shore-united-bank/
Contact:
Aaron Kaslow, Chief Legal Officer
410-763-7800
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