Shore United Bank will expand its footprint in Maryland and Virginia with a $254 million deal to merge with a Southern Maryland-based bank. Easton-based Shore Bancshares Inc. (NASDAQ: SHBI), the fourth largest bank in headquartered in Maryland, is combining with the Community Financial Corp. (NASDAQ:TCFC), the parent company of Waldorf-based Community Bank of the Chesapeake, in a merger of equals. The all-stock deal, which still needs regulatory and shareholder approval, would make the combined bank the 11th largest operating in Maryland with$4.8 billion in combined deposits and $6 billion in assets.
Shore United bulking up in Maryland with deal to merge with Community Bank of the Chesapeake
December 22, 2022