trending Market Intelligence /marketintelligence/en/news-insights/trending/kS0657qks-yQDEONbcTWxA2 content esgSubNav
In This List

Shore Bancshares completes sale of insurance unit

Blog

Insight Weekly: Private equity slows; SPAC underwriters retreat; carbon capture boost

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Podcast

Street Talk | Episode 97: Recessionary fears still keeping bank investors on the sidelines


Shore Bancshares completes sale of insurance unit

Easton, Md.-based Shore Bancshares Inc. completed the sale of its insurance agency unit, Avon-Dixon Agency LLC, for $25.2 million in cash.

On Dec. 17, 2018, Avon-Dixon, an Alera Group Agency LLC, announced that it was buying substantially all of the assets of Avon-Dixon's insurance business.

Shore Bancshares President and CEO Lloyd Beatty said "the increase in equity will help [the company's] banking activities in 2019 and afford new growth opportunities."