trending Market Intelligence /marketintelligence/en/news-insights/trending/kS0657qks-yQDEONbcTWxA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Shore Bancshares completes sale of insurance unit

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

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."