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Shore Bancshares, Inc. (SHBI)


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Shore Bancshares, Inc.

28969 Information Lane
Easton, MD 21601
United States
410-763-7800
http://www.shorebancshares.com

SectorFinancial
IndustryRegional - Mid-Atlantic Banks
Full Time Employees287

Key Executives

NameTitlePayExercisedAge
Mr. Lloyd L. Beatty Jr.Chief Exec. Officer, Pres, Director and Director of Shore United Bank495.84kN/A64
Mr. Edward Conley Allen Jr.Chief Financial Officer and Sr. VP248.62kN/A69
Ms. Donna J. StevensChief Operating Officer and Sr. VP209.5kN/A54
Mr. Patrick M. BilbroughChief Exec. Officer of Shore United Bank and Pres of Shore United Bank346.82kN/A53
Mr. Richard C. Trippe Jr.Chief Exec. Officer of Avon Dixon and Pres of Avon Dixon232.91kN/A54
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Shore Bancshares, Inc., through its subsidiaries, provides various commercial banking products and services to individuals, businesses, and other organizations in Maryland and Delaware. The company operates through two segments, Community Banking, and Insurance Products and Services. It offers various deposit products, including checking, savings, and money market accounts; and regular and IRA certificates of deposit, as well as CDARS programs, cash management services, and various checking services. The company also provides commercial loans, such as secured and unsecured loans, working capital loans, lines of credit, term loans, accounts receivable financing, real estate acquisition and development loans, construction loans, and letters of credit, as well as commercial mortgages, and equipment and operating loans; and loans to consumers comprising mortgage, home equity, automobile, marine, installment, and other secured and unsecured personal lines of credit. In addition, it offers safe deposit boxes; debit and credit cards; direct deposit of payroll; merchant credit card clearing services; telephone, mobile, and Internet banking services; and automatic teller machine (ATM) services. Further, the company provides non-deposit products, such as mutual funds and annuities, and discount brokerage services; trust, asset management, and financial planning services; and insurance products and services to businesses and consumers, including property and casualty, life, marine, individual health, and long term care insurance, as well as pension and profit sharing plans, and retirement plans. It operates 18 full service branches and 20 ATMs in the Kent County, Queen Anne’s County, Caroline County, Talbot County, and Dorchester County in Maryland, as well as in Kent County, Delaware. Shore Bancshares, Inc. was founded in 1876 and is headquartered in Easton, Maryland.

Corporate Governance

Shore Bancshares, Inc.’s ISS Governance QualityScore as of April 1, 2017 is 7. The pillar scores are Audit: 2; Board: 4; Shareholder Rights: 8; Compensation: 7.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.