Shore Bancshare, Community Financial complete merger

Shore Bancshares (SHBI) and The Community Financial Corporation (TCFC) announced the closing of their previously announced merger of equals, combining the two premier banks to create one of Maryland’s top community banks. Lloyd “Scott” Beatty, Jr., former President and Chief Executive Officer of SHBI, commented, “Bringing together two of Maryland’s leading community banks is a historic achievement and holds enormous potential to benefit our customers and the communities we serve, as well as to drive shareholder value and our company’s long-term growth. I’m especially proud of our organizations’ management teams whose hard work, perseverance, and truly collaborative spirit made this combination of like-minded banks possible.”