Effective July 1 2023, Shore Bancshares, Inc. has finished its merger with The Community Financial Corporation, with Shore Bancshares surviving. As part of the deal, each share of The Community Financial Corporation's common stock was converted into 2.3287 shares of Shore Bancshares' common stock, and a total of approximately 13,296,910 shares of Shore Bancshares' common stock was delivered to holders of The Community Financial Corporation's common stock.