Brief: Shore united bank expands Maryland operations

Northwest Bancshares

10/01/2017 21:15

Jan 10 (Reuters) - Shore Bancshares Inc  SHBI.O - 
    * Shore United Bank expands Maryland operations with 
acquisition of three branches in the greater baltimore metro 
areas of Elkridge, owings mills and Arbutus from Northwest Bank 
    * Excluding estimated transaction expenses, transaction 
anticipated to generate pre-tax income of about $1.7 million and 
$2.5 million in 2017 and 2018, respectively 
    * Shore bancshares inc says upon completion of transaction, 
shore bancshares, inc. Is expected to have approximately $1.35 
billion in total assets 
 
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