Brief: Shore Bancshares Inc As Of July 24, Sold Most Of Available-For-Sale Securities Portfolio Acquired From Tcfc For Net Proceeds Of $430 Mln

Shore Bancshares

27/07/2023 23:37

July 27 (Reuters) - Shore Bancshares Inc  SHBI.O :
    * SHORE BANCSHARES INC: AS OF JULY 24, SOLD MOST OF
AVAILABLE-FOR-SALE SECURITIES PORTFOLIO ACQUIRED FROM TCFC FOR
NET PROCEEDS OF $430 MILLION
    * SHORE BANCSHARES: MANAGEMENT REVISING COMPENSATION PLANS
TO
EMPHASIZE CORE DEPOSIT GROWTH, ANTICIPATES LOWER H2 RESIDENTIAL
MORTGAGE PORTFOLIO GROWTH

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