Insights: News Kilpatrick Serves as Legal Counsel to Placement Agents in Shore Bancshares' $60 Million Private Placement
On November 13, 2025, Shore Bancshares, Inc. (the "Company") (NASDAQ: SHBI), the holding company for Shore United Bank, N.A. (the "Bank"), successfully completed its private placement of $60 million of its 6.25% Fixed to Floating Rate Subordinated Notes due 2035 (the "Notes") to certain qualified institutional buyers and accredited investors. Piper Sandler & Co. served as the lead placement agent for the offering, with Hovde Group, LLC acting as co-placement agent.
Kilpatrick's Financial Institutions Team served as legal counsel to the placement agents in this transaction. For more information on our practice, please visit our website at Financial Institutions.
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