Shore Bancshares Inc (SHBI)

Shore Bancshares, Inc. Announces Extension of Exchange Offer for its 6.25% Fixed-to-Floating Rate Subordinated Notes Due 2035February 19, 2026 11:24 AM
PR Newswire (US)

EASTON, Md., Feb. 19, 2026 /PRNewswire/ -- Shore Bancshares, Inc. (the "Company") (NASDAQ: SHBI), the holding company for Shore United Bank, N.A. (the "Bank"), today announced that it had extended its offer (the "Exchange Offer") to exchange up to $60.0 million aggregate principal amount of its outstanding 6.25% Fixed-to-Floating Rate Subordinated Notes due 2035 (the "Old Notes") for an equivalent amount of its 6.25% Fixed-to-Floating Rate Subordinated Notes due 2035 registered under the Securities Act of 1933, as amended (the "Exchange Notes"). $60.0 million aggregate principal amount of Old Notes were issued and sold by the Company in November 2025 in a private offering.







The Exchange Offer, previously scheduled to expire at 11:59 p.m., Eastern Time, on February 18, 2026, will now expire at 11:59 p.m., Eastern Time, on February 20, 2026, unless further extended. $58.0 million in aggregate principal amount, or approximately 97%, of the outstanding Old Notes were tendered in the Exchange Offer as of 11:59 p.m., Eastern Time, on February 18, 2026.The terms of the exchange offer are set forth in a prospectus dated January 14, 2026. Copies of the prospectus and the other exchange offer documents may be obtained from the exchange agent:UMB Bank, N.A.
Attn: Corporate Trust Officer/James Henry
5555 San Felipe, Suite 870
Houston, Texas 77056
Telephone: (512) 582-5851
Email: james.henry @FargonautThis press release is for informational purposes only and is neither an offer to buy or sell nor a solicitation of an offer to buy or sell any Old Notes or Exchange Notes. The exchange offer is being made only pursuant to the exchange offer prospectus, which is being distributed to holders of the Old Notes and has been filed with the Securities and Exchange Commission as part of the Company's Registration Statement on Form S-4 (File No. 33-292291), which was declared effective on January 14, 2026.Shore Bancshares InformationShore Bancshares is a financial holding company headquartered in Easton, Maryland and is the parent company of Shore United Bank, N.A. Shore Bancshares engages in trust and wealth management services through Wye Financial Partners, a division of Shore United Bank, N.A. Additional information is available at www.shorebancshares.com.



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Original: Shore Bancshares, Inc. Announces Extension of Exchange Offer for its 6.25% Fixed-to-Floating Rate Subordinated Notes Due 2035

Holy moley, 2 years since the last post. Nice chart here, watching closely for a break of 10.00 as that's a key breakout level.

http://chartdiligence.com/shbi-consolidating-under-10-00-key-long-term-breakout-point/

Long sETUP here i'm a buyer $SHBI

Looks like mgmt cleaned the balance sheets and are gearing up the FY'14. Bought more on the dip. This may retrace to 7.6-8 region due in part to $120k in demand on the bid

Picked up more shares last week. Not much of a bid from others, but i was filled in a timely fashion.

Current trend shows shares closely held. Occasional breather on the 20sma. Abnormal volume spikes in the past few weeks.

Talbot Bank Enters Into Consent Order With Regulators

Press Release: Shore Bancshares, Inc. – Fri, May 24, 2013 9:00 AM EDT

EASTON, Md., May 24, 2013 /PRNewswire/ -- Shore Bancshares, Inc. (SHBI) announced today that its wholly owned subsidiary, The Talbot Bank of Easton, Maryland (the "Bank"), entered into a Consent Order with the Federal Deposit Insurance Corporation ("FDIC") and the Commissioner of Financial Regulation of Maryland ("Commissioner") with certain requirements, including improving credit quality and reviewing and revising certain of the Bank's policies and procedures.

Patrick M. Bilbrough, Chief Executive Officer of the Bank, commented: "Everyone is familiar with the fact that the local and national economies have experienced a very difficult time. No bank has been immune from the challenges created by the economic downturn. The Bank, like most businesses, is facing challenges. As we deal with those challenges, we are working closely with the FDIC and the Commissioner to make sure that we handle these challenges in the correct way and in a timely manner."

Importantly, despite the economic problems encountered over the last several years, the Bank had a Tier 1 leverage ratio of 8.24% and a total risk based capital ratio of 12.38% at the end of the first quarter of 2013 which exceeds the regulatory requirement of the Consent Order as well as internal levels set by the Bank. Additionally, the Company reported Net Income for the first quarter of 2013 reflecting an improvement in credit quality.

The Bank has been aggressively improving its credit quality and has already accomplished many of the requirements of the Consent Order. The Bank's management team is confident that the administrative aspects of this Consent Order can be effectively addressed.

Mr. Bilbrough further noted: "While these types of agreements have become somewhat commonplace in the banking industry over the last three years, every member of our Board and management team is focused and committed to working with our regulators to continue to resolve the issues facing the Bank and meeting all the terms and conditions of the Consent Order. At the same time, we are committed to continuing to provide to our customers the superior care and service levels to which they are accustomed."

Mr. Bilbrough concluded: "We look forward to overcoming our current challenges and emerging an even stronger bank."

The Bank is a member of the Shore Bancshares family of companies, the largest independent financial services company that offers banking, insurance and wealth management services to families and businesses on the Delmarva Peninsula. As a financial holding company with $1.1 billion in assets, the Shore Bancshares family of companies also includes CNB, Wye Financial & Trust, Avon-Dixon Agency, LLC, Elliott Wilson Insurance, LLC and Jack Martin & Associates, Inc.

With 7 locations in Talbot and Dorchester counties, we serve the local needs of our customers and our community through personalized banking services and products, convenient operations and secure and reliable banking solutions. Our employees offer a personalized "hometown" approach to make your banking experience positive. We invest in what is important to you.

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http://finance.yahoo.com/news/talbot-bank-enters-consent-order-130000739.html

Quarterly Report (10-q)

Date : 08/14/2013 @ 11:18AM
Source : Edgar (US Regulatory)
Stock : Shore Bancshares (MM) (SHBI)
Quote : $8.30 0.05 (0.61%) @ 4:59PM

http://ih.advfn.com/p.php?pid=nmona&article=58815340

Equity: $113,594,000
O/S:.......... 8,461,289

Book Value: $13.43
Market Value: $8.30

The stock is selling at a 38% discount to BV as of this date.