![]() ![]() The combined company will have total assets of approximately $6.0 billion on a pro forma basis as of the assumed closing date of June 30, 2023. The transaction is expected to be over 40% accretive to Shore's EPS in 2024. and The Community Financial Corporation (NASDAQ: TCFC) ("TCFC"), the holding company of Community Bank of the Chesapeake, today announced they have entered into a definitive agreement under which TCFC will merge with and into Shore in an all-stock transaction valued at approximately $254.4 million, or $44.71 per share of TCFC common stock, based on a closing price for Shore's common stock of $19.20 as of December 13, 2022. (NASDAQ: SHBI) ("Shore"), the holding company of Shore United Bank, N.A. 14, 2022 /PRNewswire/ - Shore Bancshares, Inc. Increased trading liquidity for both companies and increased dividends for TCFC shareholdersĮASTON, Md. ![]() Meaningful value creation to shareholders and strong pro forma profitability.Like-minded institutions with strong cultural alignment and a deep commitment to shareholders, customers, employees, and the communities served by Shore and TCFC.The combined company will have more than 40 branches, with leading and commanding market share positions in attractive Maryland markets and a growing presence in Virginia and Delaware.Creates a bank holding company with approximately $6 billion in assets and a market capitalization of approximately $650 million. ![]()
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