Shore Bancshares in Easton, Md., has merged its two banks under a new brand.
The $1.1 billion-asset company said in a press release Friday that it had combined its $492 million-asset CNB in Centreville, Md., and the $615 million-asset Talbot Bank in Easton, Md., to create Shore United Bank.
The company plans to keep the employees at both banks' branches. Shore United will continue to operate a loan production office in Maryland and a wealth management office in Delaware.
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The $1.1 billion-asset company said in a press release Monday that the Federal Deposit Insurance Corp. and the Maryland Commissioner of Financial Regulation had terminated a May 2013 order against its Talbot Bank.
May 11
The Federal Deposit Insurance Corp. and the Maryland Commissioner of Financial Regulation in May
