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Shore Bancshares files mixed shelf
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Easton, Md.-based Shore Bancshares Inc. filed a shelf registration statement for the sale of up to $100 million in securities that it may offer from time to time.
The filing covers the sale of common stock, preferred stock, debt securities, warrants and units.
The company intends to use the proceeds for capital infusion in banking subsidiary Shore United Bank, financing of potential acquisitions, capital expenditures, debt repayment, working capital and other general corporate purposes.