January 10, 2017 / 9:39 PM / 7 months ago

BRIEF-Shore united bank expands Maryland operations

Jan 10 (Reuters) - Shore Bancshares Inc -

* Shore United Bank expands Maryland operations with acquisition of three branches in the greater baltimore metro areas of Elkridge, owings mills and Arbutus from Northwest Bank

* Excluding estimated transaction expenses, transaction anticipated to generate pre-tax income of about $1.7 million and $2.5 million in 2017 and 2018, respectively

* Shore bancshares inc says upon completion of transaction, shore bancshares, inc. Is expected to have approximately $1.35 billion in total assets Source text for Eikon: Further company coverage:

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