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Shore Bancshares, Severn Bancorp merge to form Md.’s third-largest bank

Shore Bancshares Inc., the holding company of Shore United Bank, and Severn Bancorp Inc., the holding company of Severn Savings Bank, FSB, Thursday announced they have entered into a definitive agreement under which the two will merge and form the third-largest bank headquartered in Maryland. The stock and cash transaction is valued at approximately $146 million, including ...

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