Shore Bancshares Merges Banking Divisions into Shore United Bank


Shore Bancshares, Inc., at its annual meeting discussed its plan to merge its two subsidiary banks, The Talbot Bank, headquartered in Easton, Maryland and CNB, headquartered in Centreville, Maryland, into one bank that will be known as Shore United Bank. “Merging our two banks provides efficiencies that will allow us to focus on strengthening client relationships while minimizing the ever increasing burden of regulation that banks face today,” said Shore Bancshares, Inc. President & CEO, Lloyd L. “Scott” Beatty.

The merger of the Talbot Bank with and into CNB and the corresponding name change to Shore United Bank is subject to regulatory approval. Applications for approval of the proposed merger have been or will be filed with the State of Maryland and the Board of Governors of the Federal Reserve System. Shore Bancshares is not currently aware of any reasons that would preclude consummation of the merger. Subject to the satisfaction of all regulatory and corporate requirements and approvals, Shore Bancshares currently anticipates consummating the merger in the third quarter of 2016.

As a $1.1 billion bank, Shore United Bank will continue to operate all 18 existing branches, a loan production office, and wealth management office throughout the Eastern Shore of Maryland, and Delaware. “Customers will now have the convenience of conducting all banking activity, not just account transactions, at any of our branch locations. The Shore United brand will make it easier for customers to recognize their bank,” said Shore Bancshares, Inc., V.P. Chief Marketing & Project Officer, Debra Rich. The Talbot Bank and CNB have been affiliated as members of Shore Bancshares, Inc. community of companies since 2000. The combination is intended to facilitate operational efficiencies, a consistent culture and united branding under Shore United Bank. “Our banks have a rich history that will continue with the same great people, products and service under a new name, Shore United Bank,” Beatty said.

CNB: Promotion of Cassandra Guy to Vice President


CNB, a member of Shore Bancshares community of companies, is pleased to announce that Cassandra “Cassie” A. Guy has been promoted to Vice President, Compliance Officer.

Cassie will be responsible for managing, administering and coordinating the compliance program for all areas of the bank. She also supervises and manages the credit administration department to ensure accurate and timely processing of loan documents.

Ms. Guy earned a bachelor’s degree in business administration from the University of Mary Washington in 1986 and graduated from the Maryland Banking School with honors in 2010.

Prior to joining CNB, Ms. Guy worked for Maryland National Bank as a Teller and then New Account Representative/Personal Banker. She joined CNB in 1995 as a Consumer Loan Officer. She was promoted to Branch Manager of the Rt 213 branch in 1998 until 2013 when she took on the role of Compliance Officer.

“Cassie has shown exceptional leadership qualities and has a proven track record in the banking industry”, says Ed Allen, President and CEO of CNB. “We are excited to have Cassie lead our team at CNB.”

Ms. Guy resides in Cordova, MD with her husband, Robert, and their three children. She is active in her community as a board member of the Queen Anne’s County Mentoring Partnership, a secretary for the Queen Anne’s County 4-H Fair and member of the fundraising committee for Claws for a Cause.

CNB Continues to Grow in Delaware


CNB, headquartered in Centreville, MD and a member of the Shore Bancshares community of companies, was joined by the Central Delaware Chamber of Commerce on March 12th in a ribbon cutting ceremony to celebrate the opening of their new branch location at 800 S. Governors Avenue, Dover DE. Employees, customers, friends and local dignitaries and supporters came out to celebrate with the CNB staff.

“We are very excited to now have a branch location in Dover“, says Teresa Swartz, Assistant Vice President, Branch Manager. “We look forward to serving the Dover community and surrounding areas for many years to come. CNB is truly a community bank and we can offer the products and personal service that will make an impact on both your personal and business goals. We plan to be actively engaged in this community and will continually look for opportunities to support our customers and to help improve their lives.”

Screen Shot 2015-03-20 at 8.54.13 AM

Established in 1876, with 12 convenient locations in Maryland and Delaware, CNB serves the local needs of our customers and our community through personalized banking services and products, convenient operations and secure and reliable banking solutions. Stop in to see how banking with CNB can benefit you. You may also visit or call 410-758-1600 for the main Centreville branch and 302-734-2860 for the new Dover branch.

Casual Fridays at Avon-Dixon Benefit St. Martin’s Ministries


Employees from the Avon-Dixon Insurance Agency, Freestate & Son Insurance, and Elliott Wilson Trucking Insurance, all members of the Shore Bancshares community of companies, recently donated $3,175 to St. Martin’s House in Ridgely, MD.

For the past several years, employees from each of these companies have made a charitable contribution to a local non-profit organization with funds raised throughout the year for their “Casual Day Fund.” To accumulate this fund, each Friday, employees have the opportunity to contribute $1 and in return they are allowed to come to work in casual attire.

At the end of 2014, Avon-Dixon, Freestate & Son, and Elliott Wilson Insurance matched the amount collected from employees thereby doubling the donation to St. Martin’s House, a non-profit shelter for homeless women with children.

St. Martin’s House provides a wide range of resources to support these women and children and help them gain education, self-knowledge and life skills.

Pictured presenting the check from left to right are Freestate & Son employees:  Dawn Owens, Carol Bennett, Deborah Vornbrock, St. Martin’s Director of Development, Darlene Merriken, Mark Freestate, Ginny Biondi, Jean Austin, St. Martin’s Executive Director, Kathie Coughlin, Jaye Clough, Rhonda Blessing, and Amanda Robey.

Pictured presenting the check from left to right are Freestate & Son employees: Dawn Owens, Carol Bennett, Deborah Vornbrock, St. Martin’s Director of Development, Darlene Merriken, Mark Freestate, Ginny Biondi, Jean Austin, St. Martin’s Executive Director, Kathie Coughlin, Jaye Clough, Rhonda Blessing, and Amanda Robey.

Shore Bancshares Changes to “Living Wage” Base for Employees


Easton, Maryland. Shore Bancshares, Inc. announced to its employees in December that they will be adopting a living wage increase beginning January 1, 2015. In April of 2014, Governor Martin O’Malley signed a bill to increase the minimum wage in Maryland from $7.25 to $10.10 by 2018. “To provide employees with a sufficient salary that will help meet the basic needs of our employees and their families, we went a step above the minimum wage to a living wage increase in 2015”, says President & CEO Scott Beatty. The living wage is the minimum hourly wage that is sufficient to meet the basic living needs of a single employee working full-time. The living wage is not required by the state unless a company has a working contract with a local government agency or if they receive subsidies from them. Because taxes and expenses vary from county to county and state to state so does the living wage.

Although the minimum wage increase of $10.10 for the state of Maryland does not go into effect until 2018, Shore Bancshares made the increase to base salaries in January 2015. “In all cases our employee’s hourly wage is well above the minimum wage”, says PJ Dill, Chief Human Resources Officer of Shore Bancshares, Inc. “As part of our annual compensation review, we have made a conscious decision to set our base wage to above the average of the two highest counties (Talbot and Queen Anne’s) at $11.06”, says Scott Beatty President and Chief Executive Officer of Shore Bancshares, Inc. At Shore Bancshares, we believe it is important to not only support our employees who are our most valuable asset but to also support the growth in our communities where we live and work.

Shore Bancshares, Inc. is a $1.1 billion asset financial holding company headquartered in Easton Maryland who employs over 300 employees. It is the largest independent financial services company on the Delmarva Peninsula that offers banking, insurance and wealth management services through its community of companies. Two full service community banks, The Talbot Bank of Easton MD and CNB, headquartered in Centreville MD. Wye Financial & Trust a division of CNB located in Easton, MD who offers wealth management and trust services and personal, business, benefits, trucking and marine insurance solutions through Avon-Dixon Agency, Elliott Wilson Insurance, Freestate & Son, located in Easton and Centreville, MD and Jack Martin & Associates, headquartered in Annapolis, MD.

CNB Announces New Chairman of the Board


CNB, member of Shore Bancshares Inc. community of companies, announced that Clyde V. Kelly, III has been appointed Chairman of the Board of CNB. Mr. Kelly has been a director of the bank since 2005. He is the President of Kelly Distributors, Easton, Maryland. Mr. Kelly is past President of the Kent Island Rotary, Prospect Homeowners Association, and the Maryland Beer Wholesalers Association. Mr. Kelly also served on the Anheuser Busch Wholesaler Advisory Panel Steering Team, the National Beer Wholesalers Board of Directors and currently serves on the vestry at Old Wye Parish.

It is CNB’s tradition to rotate the chairman of the board every three years. “We look forward to working with Clyde, as we guide the future of CNB. He is committed to the bank and the communities we serve and will offer solid direction to our board,” says F. Winfield Trice, Jr., President and CEO of CNB.

Outgoing chairman, Wm. Maurice Sanger has been a director of the bank since 1992 serving as Chairman the past three years and will continue to serve as a director of CNB. “CNB appreciates Maurice for his admirable leadership, and we thank him for the contributions he has delivered to CNB, during his tenure as chairman,” says Mr. Trice. “We look forward to continuing to work with him on our board.”

Jeffrey E. Thompson will serve as Vice Chairman. Mr. Thompson has been the bank’s attorney since 1986 and a director of the bank since 2005. He is a partner with Thompson and Richard, LLP, a law firm in Centreville, Maryland.

CNB is a community bank, headquartered in Centreville, Maryland, with $473 million in assets and is a member of the Shore Bancshares community of companies, the largest independent financial services company to offer banking, insurance and wealth management services to families and businesses on the Delmarva Peninsula.

L to R: New CNB Chairman of the Board, Clyde V. Kelly, III, with F. Winfield Trice, Jr., CNB President & CEO, Vice-Chairman Jeffrey E. Thompson and outgoing Chairman Wm. Maurice Sanger.

L to R: New CNB Chairman of the Board, Clyde V. Kelly, III, with F. Winfield Trice, Jr., CNB President & CEO, Vice-Chairman Jeffrey E. Thompson and outgoing Chairman Wm. Maurice Sanger.

We're glad you're enjoying The Chestertown Spy.

Sign up for the the free email blast to see what's new in the Spy. It's delivered right to your inbox at 3PM sharp.

Sign up here.