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Shore United Bank acquires 3 new branches

Easton-based Shore Bancshares Inc. announced Wednesday that its banking subsidiary, Shore United Bank, has entered into a purchase and assumption agreement to acquire bank branches in Elkridge, Owings Mills and Arbutus with approximately $214 million in deposits, $152 million of performing loans and $40 million of cash from Warren, Pennsylvania-based Northwest Bank, the bank subsidiary of Northwest Bancshares, Inc. The premium to be paid on ...

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