On September 13, 2022, Edward C. Allen provided notice of his intention to retire as Executive Vice President of Shore Bancshares, Inc. (the Company) and Shore United Bank, National Association (the Bank). Mr. Allen's resignation will be effective as of December 31, 2022. Mr. Allen's retirement is not due to a dispute or disagreement with the Company or the Bank, and is not related to the operations, policies or practices of the Company or the Bank.