Kilpatrick Townsend


Insights: News Kilpatrick Serves as Legal Counsel to Placement Agents in Shore Bancshares' $60 Million Private Placement November 14, 2025 Written by Edward G. Olifer, Gary R. Bronstein, Stephen F. Donahoe and Christopher I. Lapp 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. Related People Edward G. Olifer Washington, DC t 202.508.5852 eolifer@ktslaw.com Gary R. Bronstein Washington, DC t 202.508.5893 gbronstein@ktslaw.com Stephen F. Donahoe Washington, DC t 202.508.5818 sdonahoe@ktslaw.com Christopher I. Lapp Washington, DC t 202.508.5814 clapp@ktslaw.com

Insights: News

Kilpatrick Serves as Legal Counsel to Placement Agents in Shore Bancshares' $60 Million Private Placement

November 14, 2025

Written by Edward G. Olifer, Gary R. Bronstein, Stephen F. Donahoe and Christopher I. Lapp

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.