Shore Bancshares Completes $60 Million Subordinated Notes Offering

Reuters11-14

Shore Bancshares Completes $60 Million Subordinated Notes Offering

Shore Bancshares, Inc. (NASDAQ: SHBI) has completed a private placement of $60 million in 6.25% Fixed to Floating Rate Subordinated Notes due 2035. The notes will bear a fixed interest rate of 6.25% per annum for the first five years, after which the rate will reset quarterly to the then-current three-month SOFR plus 288 basis points. The proceeds will be used for general corporate purposes and repayment of existing indebtedness. The notes are intended to qualify as Tier 2 capital for regulatory purposes. No prospectus URL is included in the document.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shore Bancshares Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: PH24119) on November 13, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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