Shore Bancshares, Inc., the holding company of Shore United Bank, and Severn Bancorp, Inc., the holding company of Severn Savings Bank, FSB, announced their merger has been completed.
Shore Bankshares has Delaware offices in Felton, Camden, Milford and Dover, as well as a loan production office in Middletown. The company is based in Easton, MD.
Prior to the consummation of the merger, Shore United Bank completed its conversion to a national banking association, Shore United Bank, N.A.
The seven Severn Bank branches in Anne Arundel County will continue to largely operate under the Severn Bank name until the conversion to Shore on Feb. 22, 2022.
Lloyd L. “Scott” Beatty, CEO of Shore Bancshares, Inc., commented, “The addition of Severn to our organization is very exciting. We will now have Anne Arundel County as part of our community, expanding our footprint west of the Chesapeake Bay.”
