SASR News & Events

Shore Bancshares (SHBI) announced the appointment of Charles Cullum as EVP and CFO of the company and the bank, effective as of April 21.Todd Capitani, who previously notified the company and the bank of his intent to retire as EVP and CFO will remain with the company and the bank through August 15 and will work closely with Cullum during the transition period. Cullum most recently served as CFO at Sandy Spring Bancorp (SASR) since May 2024.

The company states: "Atlantic Union Bankshares (AUB) and Sandy Spring Bancorp (SASR) jointly announced the receipt of regulatory approvals from the Federal Reserve Bank of Richmond, acting on delegated authority from the Board of Governors of the Federal Reserve System, to complete the previously announced merger of Sandy Spring with and into Atlantic Union in an all-stock transaction. Immediately following such merger, Sandy Spring Bank, Sandy Spring's wholly owned subsidiary bank, will merge with and into Atlantic Union Bank, Atlantic Union's wholly owned subsidiary bank."