<SEC-DOCUMENT>0001144204-15-046541.txt : 20150805
<SEC-HEADER>0001144204-15-046541.hdr.sgml : 20150805
<ACCEPTANCE-DATETIME>20150805163517
ACCESSION NUMBER:		0001144204-15-046541
CONFORMED SUBMISSION TYPE:	S-3
PUBLIC DOCUMENT COUNT:		7
FILED AS OF DATE:		20150805
DATE AS OF CHANGE:		20150805

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SHORE BANCSHARES INC
		CENTRAL INDEX KEY:			0001035092
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				521974638
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-206110
		FILM NUMBER:		151029454

	BUSINESS ADDRESS:	
		STREET 1:		18 EAST DOVER STREET
		CITY:			EASTON
		STATE:			MD
		ZIP:			21601-3013
		BUSINESS PHONE:		4108221400

	MAIL ADDRESS:	
		STREET 1:		18 EAST DOVER STREET
		CITY:			EASTON
		STATE:			MD
		ZIP:			21601-3013
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-3
<SEQUENCE>1
<FILENAME>v417097_s3.htm
<DESCRIPTION>FORM S-3
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">As filed with the Office of the Securities and
Exchange Commission on August 5, 2015</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Registration No. 333-______</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">___________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM S-3</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">REGISTRATION STATEMENT UNDER THE SECURITIES
ACT OF 1933</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">___________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SHORE BANCSHARES, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>(Exact Name of Registrant as Specified in
Its Charter)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 49%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Maryland</b></font></td>
    <TD STYLE="width: 2%">&nbsp;</td>
    <TD STYLE="width: 49%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>52-1974638</b></font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><i>(State or Other Jurisdiction of Incorporation or<BR>
 Organization</i></font></td>
    <TD>&nbsp;</td>
    <TD STYLE="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><i>(I.R.S. Employer Identification Number)</i></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>28969 Information Lane, Easton, Maryland
21601</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>(Address of Principal Executive Offices)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">___________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Lloyd L. Beatty, Jr.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>President and Chief Executive Officer</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Shore Bancshares, Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>28969 Information Lane, Easton, Maryland
21601</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(410) 763-7800</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>(Name, Address and Telephone Number of Agent
for Service)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">___________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>Copies to:</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Kevin Houlihan</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Holland &amp; Knight LLP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>800 17<SUP>th</SUP> Street, NW</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Suite 1100</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, DC 20006</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(202) 457-6000</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">___________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Approximate date of commencement of proposed
sale to the public: From time to time after the effective date of this Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">If
the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please
check the following box. </FONT><FONT STYLE="font: 10pt Wingdings">&uml;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">If
any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under
the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check
the following box. </FONT><FONT STYLE="font-family: Wingdings"><B>&thorn;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">If
this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check
the following box and list the Securities Act registration statement number of the earlier effective registration statement for
the same offering. </FONT><FONT STYLE="font: 10pt Wingdings">&uml;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">If
this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list
the Securities Act registration statement number of the earlier effective registration statement for the same offering. </FONT><FONT STYLE="font: 10pt Wingdings">&uml;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">
</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">If
this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become
effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box. </FONT><FONT STYLE="font: 10pt Wingdings">&uml;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">If
this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register
additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following
box. </FONT><FONT STYLE="font: 10pt Wingdings">&uml;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definition of &ldquo;large
accelerated filer&rdquo;, &ldquo;accelerated filer&rdquo; and &ldquo;smaller reporting company&rdquo; in Rule 12b-2 of the Exchange
Act. (Check one):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 60%"><font style="font: 10pt Times New Roman, Times, Serif">Large accelerated filer </font><font style="font: 10pt Wingdings">&uml;</font></td>
    <td style="width: 40%"><font style="font: 10pt Times New Roman, Times, Serif">Accelerated filer </font><font style="font: 10pt Wingdings"><b>&thorn;</b></font></td></tr>
<tr style="vertical-align: top">
    <td><font style="font: 10pt Times New Roman, Times, Serif">Non-accelerated filer </font><font style="font: 10pt Wingdings">&uml;</font><font style="font: 10pt Times New Roman, Times, Serif"> (Do not check if a smaller reporting company)</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">Smaller reporting company </font><font style="font: 10pt Wingdings">&uml;</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CALCULATION OF REGISTRATION FEE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Title&nbsp;of&nbsp;each&nbsp;class&nbsp;of</b></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>securities&nbsp;to&nbsp;be&nbsp;registered</b></P></TD><TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Amount&nbsp;</b></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>to&nbsp;be&nbsp;</b></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>registered<br> (1)</b></P></TD><TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Proposed&nbsp;<br> maximum</b></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>offering&nbsp;<br> price</b></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>per&nbsp;share&nbsp;<br> (2)</b></P></TD><TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Proposed&nbsp;<br> maximum</b></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>aggregate&nbsp;<br> offering</b></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>price (2)</b></P></TD><TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD><TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Amount&nbsp;of</b></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>registration&nbsp;fee&nbsp;</b></P></TD><TD NOWRAP STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 48%">Common Stock, par value $.01 per share</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">840,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">9.55</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">8,022,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">932.16</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left; padding-bottom: 3pt">___________________</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 36.05pt"><FONT STYLE="font-size: 10pt">(1)</FONT></TD><TD><FONT STYLE="font-size: 10pt">Pursuant to Rule 416(a), this registration statement also covers any additional securities that
may be offered or issued in connection with any stock split, stock dividend or similar transaction. Represents the maximum number
of shares of Common Stock currently authorized by the Registrant for offer and sale by it under the Shore Bancshares, Inc. Dividend
Reinvestment and Stock Purchase Plan.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 36.05pt"><FONT STYLE="font-size: 10pt">(2)</FONT></TD><TD><FONT STYLE="font-size: 10pt">Calculated pursuant to Rule 457(c) of the Securities Act of 1933, based on the average high and
low prices reported on the NASDAQ Global Select Market under the symbol SHBI, on August 3, 2015, which is within five (5) business
days of the filing hereof.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>The Registrant hereby amends this Registration
Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment
that specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of
the Securities Act of 1933, as amended, or until this Registration Statement shall become effective on such date as the Securities
and Exchange Commission, acting pursuant to Section 8(a), may determine.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: red"><B>&nbsp;</B></P>


<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: red"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: red"><B>The information contained in this prospectus is not
complete and may be changed. We may not sell these securities or accept your offer to buy any of them until the documentation filed
with the Securities and Exchange Commission relating to these securities has been declared &ldquo;effective&rdquo; by the Securities
and Exchange Commission. This prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these
securities in any state where the offer or sale is not permitted or legal.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: red"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: red"><B>Subject to completion, dated
August 5, 2015</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: red">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Prospectus</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: Red"><IMG SRC="tlogo.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center; color: #231F20"><B>DIVIDEND REINVESTMENT
AND STOCK PURCHASE PLAN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center; color: #231F20"><B>840,000 SHARES
OF COMMON STOCK</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5pt; color: #231F20">Dear Shareholders:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5pt; text-align: justify; text-indent: 0.5in; color: #231F20">We
are pleased to send you this Prospectus describing the Dividend Reinvestment and Stock Purchase Plan of Shore Bancshares, Inc.
The Plan offers our shareholders the opportunity to purchase shares of our common stock, $0.01 par value, with automatically reinvested
dividends or optional cash payments, without payment of brokerage commissions or fees, except when shares are sold for a participant&rsquo;s
account.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5pt; text-align: justify; text-indent: 0.5in; color: #231F20">Shares
of our common stock purchased with reinvested dividends will be purchased either (i) from us at the market value determined by
the Plan,<B> </B>or (ii) in the open market. We currently intend to purchase all shares for the Plan in the open market, but will
retain the flexibility under the Plan to permit purchases from us when in the best interest of the Company. We reinvest dividends
under the Plan at the same time we pay dividends, and shareholders may participate in the Plan with respect to all or any portion
of their shares. Shareholders may also purchase additional shares of our common stock under the Plan on a monthly basis with optional
cash payments. Optional cash payments may be made at any time, but may not be less than $100 per payment or total more than $5,000
per month. We pay all brokerage commissions and fees, in connection with the Plan, except brokerage fees incurred upon disposition
of shares held under the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5pt; text-align: justify; text-indent: 0.5in; color: #231F20">You
may enroll in the Plan at any time by completing an Enrollment Form and returning it to Broadridge Corporate Issuer Solutions,
Inc., the Plan agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5pt; text-align: justify; text-indent: 0.5in; color: #231F20">Our
shareholders who choose not to participate in the Plan will continue to receive cash dividends when and if declared by our Board
of Directors. The Plan does not represent a change in our dividend policy or a guaranty of future dividends. The declaration of
dividends by our Board of Directors will continue to depend on earnings, financial requirements, regulatory directives and other
factors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5pt; text-align: justify; text-indent: 0.5in; color: #231F20">This
Prospectus describes the Plan as currently in effect, and you are urged to read it carefully before deciding whether to participate.
Shares of our common stock are traded on the NASDAQ Global Select Market under the symbol &ldquo;SHBI.&rdquo; The closing price
for our common stock on August 3, 2015 was $9.45 per share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5pt; text-align: justify; text-indent: 0.5in; color: #231F20">We
have registered 840,000 shares of our common stock for sale under the Plan. You should keep this prospectus for future reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: #231F20">Lloyd L. Beatty, Jr.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: #231F20">President and Chief Executive
Officer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: #231F20">&nbsp;</P>


<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>Investing in our securities involves certain
risks. You should carefully review the risks and uncertainties described under the heading &ldquo;Risk Factors&rdquo; beginning
on page 3 of this prospectus, and the risk factors that may be included in a prospectus supplement and in our periodic reports
and other information we file with the Securities and Exchange Commission.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>NEITHER THE SECURITIES AND EXCHANGE COMMISSION
NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE ACCURACY OR ADEQUACY OF
THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">THE SECURITIES OFFERED HEREBY WILL BE OUR EQUITY
SECURITIES AND WILL NOT BE DEPOSITS OR SAVINGS ACCOUNTS OR OTHER OBLIGATIONS OF ANY BANK OR NON-BANK SUBSIDIARY OF SHORE BANCSHARES,
INC., AND THEY ARE NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENT AGENCY OR INSTRUMENTALITY.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Our principal executive office is located at
28969 Information Lane, Easton, Maryland 21601 and our telephone number is (410) 763-7800.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>The date of this Prospectus is &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
2015</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>


<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center">Table of Contents</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: top; width: 93%"><A HREF="#a_001"><FONT STYLE="font-family: Times New Roman, Times, Serif">ABOUT THIS PROSPECTUS</FONT></A></td>
    <td style="vertical-align: bottom; width: 7%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">1</FONT></td></tr>
<TR STYLE="background-color: White">
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: right">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: top"><A HREF="#a_002">INCORPORATION OF CERTAIN INFORMATION BY REFERENCE</A></td>
    <td style="vertical-align: bottom; text-align: right">1</td></tr>
<TR STYLE="background-color: White">
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: right">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: top"><A HREF="#a_003">WHERE YOU CAN FIND MORE INFORMATION</A></td>
    <td style="vertical-align: bottom; text-align: right">2</td></tr>
<TR STYLE="background-color: White">
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: right">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: top"><A HREF="#a_004">SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS</A></td>
    <td style="vertical-align: bottom; text-align: right">2</td></tr>
<TR STYLE="background-color: White">
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: right">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: top"><A HREF="#a_005">RISK FACTORS</A></td>
    <td style="vertical-align: bottom; text-align: right">3</td></tr>
<TR STYLE="background-color: White">
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: right">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: top"><A HREF="#a_006">ABOUT SHORE BANCSHARES, INC.</A></td>
    <td style="vertical-align: bottom; text-align: right">4</td></tr>
<TR STYLE="background-color: White">
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: right">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: top"><A HREF="#a_007">SUPERVISION AND REGULATION</A></td>
    <td style="vertical-align: bottom; text-align: right">4</td></tr>
<TR STYLE="background-color: White">
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: right">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: top"><A HREF="#a_008">DESCRIPTION OF THE PLAN</A></td>
    <td style="vertical-align: bottom; text-align: right">5</td></tr>
<TR STYLE="background-color: White">
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: right">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: top; padding-left: 9pt"><A HREF="#a_009"><FONT STYLE="font-size: 10pt">Purposes and Advantages</FONT></A></td>
    <td style="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">5</FONT></td></tr>
<TR STYLE="background-color: White">
    <td style="vertical-align: top; padding-left: 9pt">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: right">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: top; padding-left: 9pt"><A HREF="#a_010"><FONT STYLE="font-size: 10pt">Participation</FONT></A></td>
    <td style="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">5</FONT></td></tr>
<TR STYLE="background-color: White">
    <td style="vertical-align: top; padding-left: 9pt">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: right">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: top; padding-left: 9pt"><A HREF="#a_011"><FONT STYLE="font-size: 10pt">Administration</FONT></A></td>
    <td style="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">6</FONT></td></tr>
<TR STYLE="background-color: White">
    <td style="vertical-align: top; padding-left: 9pt">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: right">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: top; padding-left: 9pt"><A HREF="#a_012"><FONT STYLE="font-size: 10pt">Costs</FONT></A></td>
    <td style="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">6</FONT></td></tr>
<TR STYLE="background-color: White">
    <td style="vertical-align: top; padding-left: 9pt">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: right">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: top; padding-left: 9pt"><A HREF="#a_013"><FONT STYLE="font-size: 10pt">Purchase of Shares</FONT></A></td>
    <td style="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">6</FONT></td></tr>
<TR STYLE="background-color: White">
    <td style="vertical-align: top; padding-left: 9pt">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: right">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: top; padding-left: 9pt"><A HREF="#a_014"><FONT STYLE="font-size: 10pt">Reports to Participants</FONT></A></td>
    <td style="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">8</FONT></td></tr>
<TR STYLE="background-color: White">
    <td style="vertical-align: top; padding-left: 9pt">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: right">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: top; padding-left: 9pt"><A HREF="#a_015"><FONT STYLE="font-size: 10pt">Dividends</FONT></A></td>
    <td style="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">8</FONT></td></tr>
<TR STYLE="background-color: White">
    <td style="vertical-align: top; padding-left: 9pt">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: right">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: top; padding-left: 9pt"><A HREF="#a_016"><FONT STYLE="font-size: 10pt">Discontinuation of Dividend Reinvestment</FONT></A></td>
    <td style="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">8</FONT></td></tr>
<TR STYLE="background-color: White">
    <td style="vertical-align: top; padding-left: 9pt">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: right">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: top; padding-left: 9pt"><A HREF="#a_017"><FONT STYLE="font-size: 10pt">Withdrawal of Shares in Plan Accounts</FONT></A></td>
    <td style="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">8</FONT></td></tr>
<TR STYLE="background-color: White">
    <td style="vertical-align: top; padding-left: 9pt">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: right">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: top; padding-left: 9pt"><A HREF="#a_018"><FONT STYLE="font-size: 10pt">Federal Income Tax Consequences</FONT></A></td>
    <td style="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">9</FONT></td></tr>
<TR STYLE="background-color: White">
    <td style="vertical-align: top; padding-left: 9pt">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: right">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: top; padding-left: 9pt"><A HREF="#a_019"><FONT STYLE="font-size: 10pt">Other Information</FONT></A></td>
    <td style="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">10</FONT></td></tr>
<TR STYLE="background-color: White">
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: right">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: top"><A HREF="#a_020">USE OF PROCEEDS</A></td>
    <td style="vertical-align: bottom; text-align: right">11</td></tr>
<TR STYLE="background-color: White">
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: right">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: top"><A HREF="#a_021">INDEMNIFICATION OF OUR DIRECTORS AND OFFICERS</A></td>
    <td style="vertical-align: bottom; text-align: right">11</td></tr>
<TR STYLE="background-color: White">
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: right">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: top"><A HREF="#a_022">LEGAL MATTERS</A></td>
    <td style="vertical-align: bottom; text-align: right">12</td></tr>
<TR STYLE="background-color: White">
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: right">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: top"><A HREF="#a_023">EXPERTS</A></td>
    <td style="vertical-align: bottom; text-align: right">12</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


<!-- Field: Page; Sequence: 5; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->i<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-transform: uppercase; text-align: center"><A NAME="a_001"></A>ABOUT THIS PROSPECTUS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">This document is called a prospectus and is
part of a registration statement that we filed with the Securities and Exchange Commission, or the SEC, relating to the offer and
sale of shares of our common stock. This prospectus does not include all of the information in the registration statement, but
provides you with a general description of the securities offered and the Shore Bancshares, Inc. Dividend Reinvestment and Stock
Purchase Plan. The registration statement containing this prospectus, including exhibits to the registration statement, provides
additional information about us, the Plan and the securities offered. The registration statement can be read at the SEC web site
or at the SEC offices. See &ldquo;WHERE YOU CAN FIND MORE INFORMATION&rdquo; for more information. When acquiring any securities
discussed in this prospectus, you should rely only on the information provided in this prospectus, including the information incorporated
herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">We have not authorized anyone to provide you
with different information. No dealer, salesperson or other person is authorized to give any information or to represent anything
not contained or incorporated by reference in this prospectus. You must not rely on any unauthorized information or representation.
This prospectus is an offer to sell only the securities offered hereby, but only under circumstances and in jurisdictions where
it is lawful to do so. You should assume that the information in this prospectus is accurate only as of the date on the front of
the document and that any information we have incorporated by reference is accurate only as of the date of the document incorporated
by reference, regardless of the time of delivery of this prospectus or any sale of a security.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Unless otherwise mentioned or unless the context
requires otherwise, all references in this prospectus to &ldquo;Shore Bancshares&rdquo;, &ldquo;the Company&rdquo;, &ldquo;we&rdquo;,
&ldquo;us&rdquo;, &ldquo;our&rdquo; and similar terms refer to Shore Bancshares, Inc.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-transform: uppercase; text-align: center; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-transform: uppercase; text-align: center; text-indent: -0.5in"><A NAME="a_002"></A>INCORPORATION
OF CERTAIN INFORMATION BY REFERENCE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The SEC&rsquo;s rules allow us to &ldquo;incorporate
by reference&rdquo; information into this prospectus. This means that we can disclose important information to you by referring
you to another document. Any information referred to in this way is considered part of this prospectus from the date we file the
document. Any reports filed by us with the SEC after the date of this prospectus and before the date that the offering of the securities
by means of this prospectus is terminated will automatically update and, where applicable, supersede any information contained
in this prospectus or incorporated by reference in this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">We incorporate by reference into this prospectus
the following documents and information filed with the SEC (other than, in each case, documents or information deemed to have been
furnished and not filed in accordance with SEC rules):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Annual Report on Form 10-K for the year ended December 31, 2014;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2015;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Current Reports on Form 8-K filed on July 8, 2015, May 11, 2015 and April 30, 2015.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Annual meeting proxy statement (only those portions that have been incorporated by reference in the 2014 Annual Report on Form
10-K); and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Description of our common stock which appears in our Registration Statement on Form 10/A filed on May 30, 1997, or any description
of the common stock that appears in any prospectus forming a part of any subsequent registration statement of the Company or in
any registration statement filed pursuant to Section 12 of the Securities Exchange Act of 1934, as amended, or the Exchange Act,
including any amendments or reports filed for the purpose of updating such description.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 6; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">In addition, all documents that we file pursuant
to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act after the initial filing date of the registration statement to which
this prospectus relates and prior to the termination of the offering of the securities to which this prospectus relates will automatically
be deemed to be incorporated by reference into this prospectus. In no event, however, will any of the information that we &ldquo;furnish&rdquo;
to the SEC under Items 2.02, 7.01 or 8.01 of any Current Report on Form 8-K from time to time be incorporated by reference into,
or otherwise be included in, this prospectus. Any statement contained in a document incorporated or deemed to be incorporated by
reference in this prospectus shall be deemed to be modified or superseded to the extent that a statement contained in this prospectus
or in a document subsequently filed modifies or supersedes such statement. Any statement so modified or superseded shall not be
deemed, except as so modified or superseded, to constitute a part of this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">We will promptly provide without charge to each
person to whom this prospectus is delivered a copy of any or all information that has been incorporated herein by reference (not
including exhibits to the information that is incorporated by reference unless such exhibits are specifically incorporated by reference
into such information) upon the written or oral request of such person. Written requests should be directed to: Shore Bancshares,
Inc., Corporate Secretary, 28969 Information Lane, Easton, Maryland 21601. Telephone requests should be directed to the Corporate
Secretary at (410) 763-7800.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-transform: uppercase; text-align: center; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-transform: uppercase; text-align: center; text-indent: -0.5in"><A NAME="a_003"></A>WHERE
YOU CAN FIND MORE INFORMATION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">This prospectus is a part of a registration
statement on Form S-3 filed by us with the SEC under the Securities Act of 1933, as amended, or the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">This prospectus does not contain all the information
set forth in the registration statement, certain parts of which are omitted in accordance with the rules and regulations of the
SEC. For further information with respect to us and the securities offered by this prospectus, reference is made to the registration
statement. Statements contained in this prospectus concerning the provisions of such documents are necessarily summaries of such
documents and each such statement is qualified in its entirety by reference to the copy of the applicable document filed with the
SEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">We file periodic reports, proxy statements and
other information with the SEC. Our filings with the SEC are available to the public over the Internet at the SEC&rsquo;s website
at http://www.sec.gov. Our filings with the SEC are also available to the public on our website at www.shbi.net, as well as through
document retrieval services. You may read and copy any periodic reports, proxy statements or other information we file at the SEC&rsquo;s
public reference room in Washington, D.C., located at: Public Reference Room, 100 F Street, N.E., Washington, D.C. 20549. You can
request copies of these documents, upon payment of a duplicating fee, by writing to the SEC. Please call the SEC at 1-800-SEC-0330
for further information on the operation of the SEC&rsquo;s public reference rooms.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-transform: uppercase; text-align: center; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-transform: uppercase; text-align: center; text-indent: -0.5in"><A NAME="a_004"></A>SPECIAL
NOTE REGARDING FORWARD-LOOKING STATEMENTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Some of the statements contained, or incorporated
by reference, in this prospectus may include projections, predictions, expectations or statements as to beliefs or future events
or results or refer to other matters that are not historical facts. Such statements constitute &ldquo;forward-looking information&rdquo;
within the meaning of Section 27A of the Securities Act, and Section 21E of the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">These forward-looking statements represent plans,
estimates, objectives, goals, guidelines, expectations, intentions, projections and statements of our beliefs concerning future
events, business plans, objectives, expected operating results and the assumptions upon which those statements are based. Forward-looking
statements include without limitation, any statement that may predict, forecast, indicate or imply future results, performance
or achievements, and are typically identified with words such as &ldquo;may,&rdquo; &ldquo;could,&rdquo; &ldquo;should,&rdquo;
&ldquo;will,&rdquo; &ldquo;would,&rdquo; &ldquo;believe,&rdquo; &ldquo;anticipate,&rdquo; &ldquo;estimate,&rdquo; &ldquo;expect,&rdquo;
&ldquo;intend,&rdquo; &ldquo;plan,&rdquo; or words or phases of similar meaning. We caution that the forward-looking statements
are based largely on our expectations and are subject to a number of known and unknown risks and uncertainties that are subject
to change based on factors which are, in many instances, beyond our control. Actual results, performance or achievements could
differ materially from those contemplated, expressed, or implied by the forward-looking statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 7; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The following factors, among others, could cause
our financial performance to differ materially from that expressed in such forward-looking statements:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>general economic conditions, whether national or regional, and conditions in the lending markets in which we participate that
may have an adverse effect on the demand for our loans and other products, our credit quality and related levels of nonperforming
assets and loan losses, and the value and salability of the real estate that we own or that is the collateral for our loans;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>results of examinations of us by our regulators, including the possibility that our regulators may, among other things, require
us to increase our reserve for loan losses or to write-down assets;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>changing bank regulatory conditions, policies or programs, whether arising as new legislation or regulatory initiatives, that
could lead to restrictions on activities of banks generally, or our subsidiary banks in particular, more restrictive regulatory
capital requirements, increased costs, including deposit insurance premiums, regulation or prohibition of certain income producing
activities or changes in the secondary market for loans and other products;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>changes in market rates and prices may adversely impact the value of securities, loans, deposits and other financial instruments
and the interest rate sensitivity of our balance sheet;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>our liquidity requirements could be adversely affected by changes in our assets and liabilities;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>the effect of legislative or regulatory developments, including changes in laws concerning taxes, banking, securities, insurance
and other aspects of the financial services industry;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>competitive factors among financial services organizations, including product and pricing pressures and our ability to attract,
develop and retain qualified banking professionals;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>the growth and profitability of non-interest or fee income being less than expected;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>the effect of changes in accounting policies and practices, as may be adopted by the Financial Accounting Standards Board,
the SEC, the Public Company Accounting Oversight Board and other regulatory agencies; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>the effect of fiscal and governmental policies of the United States federal government.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">If one or more of the factors affecting our
forward-looking information and statements proves incorrect, then our actual results, performance or achievements could differ
materially from those expressed in, or implied by, forward-looking information and statements contained in this prospectus and
in the information incorporated by reference herein. Therefore, we caution you not to place undue reliance on our forward-looking
information and statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">We undertake no obligation to publicly update
forward-looking statements, whether as a result of new information, future events or otherwise. You are advised, however, to consult
any further disclosures we make on related subjects in our periodic and current reports that we file with the SEC. Also note that
we provide cautionary discussion of risks, uncertainties and possibly inaccurate assumptions relevant to our businesses in our
periodic and current reports to the SEC incorporated by reference in this prospectus and other offering materials. These are factors
that, individually or in the aggregate, management believes could cause our actual results to differ materially from expected and
historical results.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-transform: uppercase; text-align: center; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-transform: uppercase; text-align: center; text-indent: -0.5in"><A NAME="a_005"></A>RISK
FACTORS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">An investment in our securities involves a high
degree of risk. You should carefully consider the risks and uncertainties and the risk factors set forth in the documents and reports
filed with the SEC that are incorporated by reference into this prospectus before making an investment decision. Our business,
financial condition and/or results of operations could be materially adversely affected by any of these risks. The trading price
of our securities could decline due to any of these risks, and you may lose all or part of your investment. This prospectus also
contains forward-looking statements that involve risks and uncertainties. Our actual results could differ materially from those
anticipated in these forward-looking statements as a result of certain factors, including the risks faced by us described in the
documents incorporated by reference in this prospectus.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-transform: uppercase; text-align: center; text-indent: -0.5in">&nbsp;</P>

<!-- Field: Page; Sequence: 8; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-transform: uppercase; text-align: center; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-transform: uppercase; text-align: center; text-indent: -0.5in"><A NAME="a_006"></A>ABOUT
SHORE BANCSHARES, INC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Shore Bancshares is a Maryland corporation and
the largest independent financial holding company headquartered on the Eastern Shore of Maryland. We are the parent company of
The Talbot Bank of Easton, Maryland, a Maryland-chartered commercial bank located in Easton, Maryland, or Talbot Bank, and CNB,
a Maryland-chartered commercial bank with trust powers located in Centreville, Maryland. These bank subsidiaries operate 18 full
service branches in Kent, Queen Anne&rsquo;s, Talbot, Caroline and Dorchester Counties in Maryland and Kent County, Delaware. We
engage in the insurance business through three insurance producer firms, The Avon-Dixon Agency, LLC, a Maryland limited liability
company, Elliott Wilson Insurance, LLC, a Maryland limited liability company, and Jack Martin &amp; Associates, Inc., a Maryland
corporation; and an insurance premium finance company, Mubell Finance, LLC, a Maryland limited liability company. We engage in
the trust services business through the trust department at CNB under the trade name Wye Financial &amp; Trust.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">We have three inactive subsidiaries, SHBI, Inc.
and SHB2, Inc. (formerly known as TSGIA, Inc. and Tri-State General Insurance, LTD), and Wye Financial Services, Inc. all of which
were organized under Maryland law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">We dissolved our subsidiary, Share Pension Services,
LLC and allowed the charter to expire and be classified as forfeiture status for its subsidiary Wye Mortgage, LLC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Talbot Bank owns all of the issued and outstanding
securities of Dover Street Realty, Inc., a Maryland corporation that engages in the business of holding and managing real property
acquired by Talbot Bank as a result of loan foreclosures.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">We operate in two business segments: community
banking and insurance products and services. Financial information related to our operations in these segments for each of the
three years ended December 31, 2014 is provided in Note 26 to the Company&rsquo;s Consolidated Financial Statements included in
Item 8 of Part II of our Annual Report on Form 10-K for the year ended December 31, 2014. A detailed discussion of our business
is contained in Item 1 of Part I of our Annual Report on Form 10-K for the year ended December 31, 2014, and any subsequent reports
that we file with the SEC, which are incorporated by reference in this prospectus. See &ldquo;WHERE YOU CAN FIND MORE INFORMATION&rdquo;
above for information on how to obtain a copy of our annual report and any subsequent reports.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Our principal executive office is located at
28969 Information Lane, Easton, Maryland 21601 and our telephone number is (410) 763-7800. We maintain an Internet site at <U>http://www.shorebancshares.com</U>
on which we make available free of charge our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form
8-K, and all amendments to the foregoing as soon as reasonably practicable after these reports are electronically filed with, or
furnished to, the SEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">At June 30, 2015, we had consolidated total
assets of approximately $1.08 billion, total loans (net of the allowance for credit losses) of approximately $733.1 million, total
deposits of approximately $928.9 million, and stockholders&rsquo; equity of approximately $143.4 million.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-transform: uppercase; text-align: center; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-transform: uppercase; text-align: center; text-indent: -0.5in"><A NAME="a_007"></A>SUPERVISION
AND REGULATION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">We are a financial holding company registered
under the Bank Holding Company Act of 1956, as amended. We and our bank subsidiaries are extensively regulated under federal and
state laws. The regulation of financial holding companies and banks is intended primarily for the protection of depositors and
the deposit insurance fund and not for the benefit of security holders. For a discussion of the material elements of the extensive
regulatory framework applicable to us and our bank subsidiaries, please refer to Item 1 of Part I of our Annual Report on Form
10-K for the year ended December 31, 2014 under the heading &ldquo;Supervision and Regulation&rdquo; and any subsequent reports
that we file with the SEC, which are incorporated by reference in this prospects. See &ldquo;WHERE YOU CAN FINE MORE INFORMATION&rdquo;
above for information on how to obtain a copy of our Form 10-K and any subsequent reports.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center"></P>

<!-- Field: Page; Sequence: 9; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center"><A NAME="a_008"></A>DESCRIPTION
OF THE PLAN</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 6pt; text-align: justify; text-indent: 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 6pt; text-align: justify; text-indent: 0.5in; color: #231F20">The
following sets forth the provisions of the Plan in question and answer form. The holders of our common stock who do not wish to
participate in the Plan will continue to receive cash dividends in the same manner, if and when declared by our Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 6pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0"><A NAME="a_009"></A>Purposes and Advantages</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;<I>What
is the purpose of the Plan? </I>The purpose of the Plan is to provide our eligible shareholders with a means of investing cash
dividends and/or optional cash payments into shares of our common stock, without paying brokerage commissions, service charges
or other expenses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify; text-indent: -0.25in">2.&nbsp;&nbsp;&nbsp;What
are the advantages of the Plan? Participants in the Plan may:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Symbol">&middot;</FONT></TD><TD>Reinvest dividends and invest optional cash payments without brokerage commissions or fees.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Symbol">&middot;</FONT></TD><TD>Invest the full amount of dividends in our common stock since the Plan provides for fractional interests in the shares held
in the Plan.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Symbol">&middot;</FONT></TD><TD>Avoid safekeeping requirements and record-keeping costs through the free custodial service and reporting provisions of the
Plan.</TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0"><A NAME="a_010"></A>Participation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">3.&nbsp;&nbsp;&nbsp;<I>Who
is eligible to participate? </I>Any record holder of our common stock is eligible to participate in the Plan with respect to any
or all of his or her shares held of record. A holder of record is one who owns shares of our common stock registered in his or
her name on our records.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">4.&nbsp;&nbsp;&nbsp;<I>How
does an eligible shareholder become a participant?</I> An eligible shareholder may join the Plan by signing the Enrollment Form
and returning it to the Plan agent. You will be provided with an Enrollment Form upon request of us or the Plan agent. See question
number 8 below for the Plan agent&rsquo;s contact information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify; text-indent: -0.25in">5.&nbsp;&nbsp;&nbsp;<I>When
may a shareholder join the Plan? </I>An eligible shareholder may join the Plan at any time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #231F20">If
an Enrollment Form specifying reinvestment of dividends is received by the Plan agent at least five business days </FONT>prior<FONT STYLE="color: #231F20">
to the record date established for payment of a dividend, reinvestment will begin with that dividend payment. If the Enrollment
Form is received within five business days prior to the record date established for a dividend, the reinvestment of dividends will
begin with the next succeeding dividend payment. See question number 13 below for information concerning the investment of optional
cash payments.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">6.&nbsp;&nbsp;&nbsp;<I>What
does the Enrollment Form provide? </I>The Enrollment Form allows you to indicate how you wish to participate in the Plan. You may
indicate whether you will reinvest dividends paid on all or a specified number of your shares of our common stock or whether you
will make optional cash payments, or both.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">7.&nbsp;&nbsp;&nbsp;<I>May
a participant change his method of participation after enrollment? </I>If a participant elects to participate only in the optional
cash payment feature, but later decides to enroll in the dividend reinvestment feature, an additional Enrollment Form (as described
in question number 4 above) must be executed and returned to the Plan agent at least 5 days prior to the dividend record date.
If a participant elects to participate through the reinvestment of dividends, but later decides to participate in the optional
cash payment feature, or if a participant wishes to change the number of shares for which dividends will be reinvested, the participant
must notify the Plan agent in writing or via the Shareholder Portal to that effect. The portal can be accessed 24 hours a day,
7 days a week by visiting <U>http://investor.broadridge.com</U> and following the directions to enroll and log in. Such notification
must be received at least 5 days prior to the dividend record date in order to apply to the reinvestment of the corresponding
dividend. See question number 17 below.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0"></P>

<!-- Field: Page; Sequence: 10; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0"><A NAME="a_011"></A>Administration</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">8.&nbsp;&nbsp;&nbsp;<FONT STYLE="color: #231F20"><I>Who
administers the Plan for participants? </I>Broadridge Corporate Issuer Solutions<I> </I>is the Plan agent and administers the Plan
for participants, arranges for the custody of share certificates, keeps records, sends statements of account to participants and
performs other duties relating to the Plan. As Plan agent, Broadridge is acting on behalf of Shore Bancshares, is not acting as
the broker-dealer and will not execute any purchase or sale on behalf of participants. Rather, the Plan agent will forward requests
to purchase or sell such shares to a broker-dealer appointed by Broadridge, including possibly a broker-dealer affiliated with
Plan Agent, who will execute the transaction. All inquiries and communications relating to the Plan should include your name as
listed in registration, address and account number and should be directed to the Plan agent at:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center; color: #231F20">Broadridge Corporate Issuer
Solutions</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center; color: #231F20">Dividend Reinvestment Plans</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center; color: #231F20">P. O. Box 1342</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center; color: #231F20">Brentwood, New York 11717</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center; color: #231F20">Phone: 1-866-232-0392 or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center; color: #231F20">1-720-358-3588</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>For overnight delivery services:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">Broadridge Corporate Issuer Solutions, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">1155 Long Island Avenue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">Attn: IWS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">Edgewood, NY 11717</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 141.9pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">See<FONT STYLE="color: #231F20">
question number 26 below for additional information regarding the responsibilities of the Plan agent. Other inquiries regarding
us should be directed to Investor Relations, Shore Bancshares, Inc., 28969 Information Lane, Easton, Maryland 21601-7007</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0"><A NAME="a_012"></A>Costs</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">9.&nbsp;&nbsp;&nbsp;<FONT STYLE="color: #231F20"><I>Are
there any expenses to participants in connection with purchases under the Plan? </I>No. Participants will incur no brokerage commissions
or service charges for purchases made under the Plan. We will pay the costs of the administration of the Plan, except for service
charges by the Plan agent for the deposit of shares for safekeeping, check reissuance, transfers of shares, issuances of certificates
and brokerage commissions and fees, if any, when shares are sold for a participant&rsquo;s account. See question number 20 below
concerning participant expenses for the liquidation of fractional interests and question number 22 below concerning federal income
tax consequences.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0"><A NAME="a_013"></A>Purchase of Shares</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">10.&nbsp;&nbsp;&nbsp;<FONT STYLE="color: #231F20"><I>How
many shares of our common stock will be purchased for participants? </I>If you become a participant in the Plan, the number of
shares to be purchased depends on the amount of your dividends, optional cash payments, or both, and the market price of our common
stock. Your account will be credited with the number of shares, including fractional interests computed to four decimal places,
equal to the total amount to be invested, divided by the applicable purchase price per share. See question number 11 below for
an explanation of the purchase price.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">11.&nbsp;&nbsp;&nbsp;<FONT STYLE="color: #231F20"><I>When
and at what price will shares of our common stock be purchased under the Plan? </I>On each date that we pay cash dividends, we
will pay to the Plan agent the total amount of dividends payable on all of the shares of our common stock that are enrolled in
the Plan, including shares held in Plan accounts. The Plan agent will forward this cash, along with any optional cash payments
received by the Plan agent at least two (2) business days before the payable and/or purchase date, to a broker-dealer appointed
by the Plan agent, who will purchase shares of our common stock for the accounts of the participants. Participants will become
owners of the shares purchased for them under the Plan on the purchase date on which such shares are purchased; however, for federal
income tax purposes, the holding period will commence on the following day. See question number 22 below for an explanation of
federal income tax consequences.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 11; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">At<FONT STYLE="color: #231F20">
our option, shares of our common stock will be purchased either from us or in the open market. The purchase price of shares of
our common stock purchased directly from us with reinvested dividends or optional cash payments will be determined by taking the
average of the last sales prices of our common stock on The Nasdaq Global Market for the preceding three days in which trades of
our common stock took place before the applicable purchase date or, if such information is not available, the average of the bid
and asked prices of our common stock on the day before the applicable purchase date. We currently intend to purchase all shares
for the Plan in the open market, but will retain the flexibility under the Plan to permit purchases from us when in the best interests
of the Company and our stockholders. Shares of our common stock purchased with reinvested dividends or optional cash payments in
the open market will be purchased at the then prevailing market price. Each account will be credited with an amount of our common
stock equal to the amount invested divided by the weighted average purchase price. No purchases may be made from us in the event
that the purchase price per share is less than the par value of our common stock, $0.01 per share. In such event, any optional
cash payments received or any dividends payable, and not previously invested, will be used to purchase shares of our common stock
in the open market. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">12.&nbsp;&nbsp;&nbsp;<I>Will
certificates be issued for shares of our common stock purchased under the Plan? </I>Unless requested by a participant, separate
certificates for shares of our common stock purchased under the Plan will not be issued to participants. Certificates for shares
purchased will be issued to and held by a nominee of and for the benefit of participants. The number of shares purchased for your
account under the Plan will be shown on your statement of account. This feature protects against loss, theft or destruction of
stock certificates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Plan allows a participant
to deposit shares of common stock registered in such participant&rsquo;s name with the Plan agent to be administered under the
Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Certificates for any number
of whole shares credited to a participant&rsquo;s account under the Plan will be issued upon the<FONT STYLE="color: #231F20"> participant&rsquo;s
written request for a fee. Any remaining full shares and fractional interests will continue to be credited to the participant&rsquo;s
account. Certificates representing fractional interests will not be issued under any circumstances. See question number 18 below
for instructions on certificate issuance.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">13.&nbsp;&nbsp;&nbsp;<FONT STYLE="color: #231F20"><I>Who
will be eligible to make optional cash payments? </I>Our eligible shareholders who have submitted a signed Enrollment Form are
eligible to make such payments under the Plan at any time. Except as provided in the following sentence, we will apply on a purchase
date any optional cash payment received from a participant no later than two (2) business days before such purchase date to the
purchase of shares of our common stock for the account of the participant. Purchases are typically made on the last business day
of each month, during months in which a dividend is payable optional cash investments will be executed with dividend purchases.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #231F20">An
initial optional cash payment may be made by a participant when enrolling in the Plan by enclosing a check with </FONT>the<FONT STYLE="color: #231F20">
Enrollment Form. Thereafter, optional cash payments may be made at any time by sending them to the Plan agent at the address set
forth in question number 8 above. Optional cash payments may be made by sending a personal check, drawn from a U.S. Bank in U.S.
Currency payable to Broadridge Corporate Issuer Solutions, Inc., P. O. Box 1342, Brentwood, NY 11717. Please include your Plan
account number on your check (or other instrument). No interest will be paid on any optional cash payments. All optional cash deposits
are final.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">You may
pre-authorize Broadridge to deduct a set amount ($100.00 minimum) from a U.S. checking, savings or credit union account. To initiate
the bank draft, you must complete and sign the Authorization for Monthly Investments &ndash; Optional section of the Enrollment
Form, and return it to Broadridge with a voided check for the bank account from which funds are to be drafted. Automatic bank drafts
will be initiated as promptly as practicable. As an added security measure, Broadridge applies a five business day hold period
to the initial association of banking account information to your investor account as well as changes made to established direct
deposit or direct debit instructions. This hold period helps prevent unauthorized transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20"></P>

<!-- Field: Page; Sequence: 12; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">After the
automatic bank draft is established reoccurring investment, funds will be drawn on the 15th of each month or if that date falls
on a non-business day, the next business day. A shareholder can also establish a onetime debit instance to be drawn from their
account. You should allow up to 4 weeks for the first automatic bank draft to be initiated. In order to terminate a bank draft,
you must notify Broadridge in writing at least ten (10) business days prior to the next automatic bank draft date in order for
the termination to be effective by that date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">14.&nbsp;&nbsp;&nbsp;<FONT STYLE="color: #231F20"><I>What
are the limitations on making optional cash payments? </I>The option to make cash payments is available at any time prior to a
purchase date. The same amount of money need not be sent each month and you are under no obligation to make an optional cash payment
in any month. Any optional cash payments you wish to make must not be less than $100 per payment nor may payments on behalf of
any owner aggregate more than $5,000 in any month. We reserve the right, in our sole discretion, to determine who is an owner for
purposes of the foregoing restrictions, and, without limitation, to determine whether optional cash payments on behalf of any particular
owner aggregate more than $5,000 in any month. Our current procedure is to reject any shareholder who goes over the maximum. </FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0"><A NAME="a_014"></A>Reports to Participants</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">15.&#9;<FONT STYLE="color: #231F20"><I>What
kind of reports will be sent to participants in the Plan? </I>As soon as practicable after each purchase, a participant will receive
a report of all transactions for year-to-date activity, including a statement of the number of shares allocated to the participant&rsquo;s
account, the amount of dividends received that are allocable to such participant, the amount of our common stock purchased and
the price paid. These statements will provide a record of the cost of purchase under the Plan and should be retained for tax purposes.
In addition, each participant will receive copies of our annual reports to shareholders, proxy statements and information for income
tax reporting purposes.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">A participant
who changes his place of residence must promptly notify the Plan agent of the change of address. See question number 26 below.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0"><A NAME="a_015"></A>Dividends</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">16.&nbsp;&nbsp;&nbsp;<FONT STYLE="color: #231F20"><I>Will
participants be credited with dividends on shares held in their accounts under the Plan? </I>Yes. The Plan agent will receive dividends
for all shares held in the Plan on a dividend record date and credit such </FONT>dividends<FONT STYLE="color: #231F20"> to participants&rsquo;
accounts on the basis of full shares and fractional interests credited to those accounts. Such dividends will either be reinvested
in additional shares of our common stock or paid in cash depending on your election.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0"><A NAME="a_016"></A>Discontinuation of Dividend Reinvestment</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">17.&nbsp;&nbsp;&nbsp;<FONT STYLE="color: #231F20"><I>How
does a participant discontinue the reinvestment of dividends under the Plan? </I>A participant may discontinue the reinvestment
of dividends under the Plan by notifying the Plan agent in writing to that effect at least 5 days prior to a record date. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #231F20">Options
open to participants who wish to discontinue participation are: (a) withdrawal from the automatic </FONT>dividend<FONT STYLE="color: #231F20">
reinvestment feature, while continuing to participate in the optional cash payments feature, or (b) complete withdrawal from the
Plan (dividend reinvestment and optional cash payments). </FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0"><A NAME="a_017"></A>Withdrawal of Shares in Plan Accounts</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">18.&nbsp;&nbsp;&nbsp;<FONT STYLE="color: #231F20"><I>How
may a participant withdraw shares purchased under the Plan? </I>A participant who has purchased our common stock under the Plan
may withdraw all or a portion of such shares from his Plan account by notifying the Plan agent in writing to that effect and specifying
in the notice the number of shares to be withdrawn. There will be a $10.00 fee for withdrawing shares. This notice and fee should
be mailed to the Plan agent at the address set forth in question number 8 above.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Certificates for whole
shares of our common stock withdrawn from the Plan will be registered in the name of and issued to the participant. In no event
will certificates representing fractional interests be issued.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 13; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Upon<FONT STYLE="color: #231F20">
the request of a participant, the Plan agent may also arrange for the sale of some or all of such participant&rsquo;s shares held
under the Plan by the broker-dealer engaged by the Plan agent. See question number 19.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">19.&nbsp;&nbsp;&nbsp;<I>How
may a participant sell shares purchased under the Plan?</I> The Plan agent will arrange for the sale of some or all of a participant&rsquo;s
shares held under the Plan upon receipt of written instructions from a participant. Upon sale of such shares, the Plan agent will
remit to the participant a check with the proceeds of such sale, less a $15.00 transaction fee and a $0.10 per share brokerage
commission. Sales are subject to any applicable taxes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #231F20">Because
the broker-dealer engaged by the Plan agent will sell the shares on behalf of the Plan, neither we nor any participant in the Plan
has the </FONT>authority or power to control the timing or pricing of shares sold or the selection of the broker making the sales.
Therefore, you will not be able to precisely time your sales through the Plan, and will bear the market risk associated with fluctuation
in the price of our common stock. That is, if you send in a request to sell shares, it is possible that the market price of our
common stock could go down or up before the broker sells your shares. In addition, you will not earn interest on a sales transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Prior written instructions
from the participant must be received at least 5 business days preceding the sale. Sales of a participant&rsquo;s shares will be
made at then current market prices and sales of several participants may be aggregated, which is particularly attractive to holders
of smal<FONT STYLE="color: #231F20">l amounts of our common stock because the Plan can combine odd lots and small numbers of shares
into larger blocks to be sold, and thereby take advantage of lower brokerage costs that might not otherwise be available to individual
participants in the sale of their shares. Participants may not direct the Plan agent to effect the sales subject to any price limits
or other restrictions on sales.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">20.&nbsp;&nbsp;&nbsp;<FONT STYLE="color: #231F20"><I>What
happens to any fractional interest when a participant withdraws all shares from the Plan? </I>Any fractional interest withdrawn
will be liquidated and a cash payment made promptly from the proceeds thereof less brokerage commissions, fees and taxes, if any.
The net sales proceeds for any fractional interest together with certificates for whole shares will be mailed separately to the
withdrawing participant by the Plan agent.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">21.&nbsp;&nbsp;&nbsp;<FONT STYLE="color: #231F20"><I>What
happens to a participant&rsquo;s Plan account if all shares in the participant&rsquo;s own name are transferred or sold? </I>If
you dispose of all shares of our common stock registered in your own name, the Plan agent will, unless you also withdraw or sell
all shares held in your account under the Plan, continue to reinvest the dividends on the shares held in your Plan account.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0"><A NAME="a_018"></A>Federal Income Tax Consequences</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">22.&nbsp;&nbsp;&nbsp;<FONT STYLE="color: #231F20"><I>What
are the Federal income tax consequences of participation in the Plan? </I>The Plan does not offer a discount for purchases of our
common stock with reinvested dividends. In the absence of a discount feature, the Internal Revenue Service has ruled that shareholders
participating in dividend reinvestment plans are treated for federal income tax purposes as having received the full amount of
the cash dividend that was payable, even though the shareholder received no cash, and then using that dividend to purchase additional
shares of common stock of equivalent value.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #231F20">In
addition, in the case of shares purchased on the open market with reinvested dividends or optional cash </FONT>contributions, the
amount of any brokerage commissions paid on your behalf by Shore Bancshares, Inc. will be treated as distribution subject to income
tax in the same manner as dividends.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">To the extent distributions
by us to our shareholders are treated as made from our earnings and profits, the distributions will be dividends taxable as ordinary
income. At the present time, we expect to have sufficient earnings and profits such that participating shareholders can expect
that the full amount of any distribution under the Plan will be taxable as a dividend.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The full amount<FONT STYLE="color: #231F20">
of dividends reinvested will be eligible, in the case of corporate shareholders, for the dividends-received deduction available
under the Internal Revenue Code. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #231F20">In
</FONT>the case of foreign shareholders whose taxable income under the Plan is subject to federal income tax withholding and in
the case of any shareholders as to whom federal income tax withholding on dividends is required, the dividend reinvested will be
net of the amount of tax required to be withheld. All other shareholders will need to report all dividends and amounts treated
as distributions, if any, as income on their annual tax returns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 14; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The tax basis of any shares
acquired through the Plan will be the purchase price on the applicable purchase date. The holding period for shares acquired through
the Plan will begin on the day after the purchase date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Participants should consult
their own tax advisors as to the tax consequences of Plan transactions. Certain tax information<FONT STYLE="color: #231F20"> will
be provided to participants by the Plan agent as described in question number 15 above.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0"><A NAME="a_019"></A>Other Information</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">23.&nbsp;&nbsp;&nbsp;<FONT STYLE="color: #231F20"><I>What
happens if we have a common stock rights offering, issue a stock dividend or declare a stock split? </I>Participation in any rights
offering will be based upon both the shares registered in each participant&rsquo;s name and the shares (including fractional interests)
credited to such participant&rsquo;s Plan account. Any stock dividend or share resulting from stock splits with respect to full
shares and fractional interests credited to participant&rsquo;s accounts will be added to their accounts. Any securities other
than our common stock or rights to subscribe for securities other than our common stock received in respect of the shares held
in the accounts of participants will be distributed by the Plan agent to the participants and will not become part of the Plan.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">24.&nbsp;&nbsp;&nbsp;<FONT STYLE="color: #231F20"><I>How
will a participant&rsquo;s Plan shares be voted at a meeting of shareholders? </I>All shares of our common stock credited to your
account under the Plan will be voted as you direct. If on the record date for a meeting of shareholders there are shares credited
to your account under the Plan, you will be sent the proxy material for such meeting. When you return an executed proxy, it will
be voted with respect to all shares credited to you. Or, if you elect, you may direct the vote of all such shares in person at
the shareholders&rsquo; meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">25.&nbsp;&nbsp;&nbsp;<FONT STYLE="color: #231F20"><I>What
procedures should be followed to sell or pledge shares held in the Plan? </I>A participant who wishes to sell or pledge shares
credited to his account must request the withdrawal of such shares as described in question number 18 above.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">26.&nbsp;&nbsp;&nbsp;<I>What
is the responsibility of the Plan agent? </I>The Plan agent receives the participant&rsquo;s dividend payments, invests such amounts
in additional shares of our common stock, maintains continuing records of each participant&rsquo;s account, and advises participants
as to all transactions in and the status of their accounts. The Plan agent acts in the capacity of agent for the participants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #231F20">All
notices from the Plan agent to a participant will be addressed to the participant at his last address of record with the Plan agent.
The mailing of a notice to a participant&rsquo;s last address of record will satisfy the Plan agent&rsquo;s duty </FONT>of giving
notice to such participant. Therefore, participants must promptly notify the Plan agent of any change of address.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Neither the Plan agent,
the participant&rsquo;s nominee or nominees, nor we shall have any responsibility for acts taken or omitted in connection with
the Plan including, without limitation, any claim for liability arising out of failure to terminate a participant&rsquo;s account
upon such participant&rsquo;s death or adjudicated incompetency prior to receipt of notice in writing of such death or adjudicated
incompetency, nor shall they have any duties, responsibilities or liabilities except such as are expressly set forth in the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Plan<FONT STYLE="color: #231F20">
agent had no responsibility with respect to the preparation or content of this Prospectus.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #231F20">The
participant should recognize that neither we nor the Plan agent can provide any assurance that shares purchased </FONT>under<FONT STYLE="color: #231F20">
the Plan will, at any particular time, be worth more or less than their purchase price.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #231F20">All
</FONT>transactions<FONT STYLE="color: #231F20"> in connection with the Plan, including the optional cash payments feature, shall
be governed by the laws of the State of Maryland.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 15; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">27.&nbsp;&nbsp;&nbsp;<FONT STYLE="color: #231F20"><I>Who
bears the risk of market price fluctuations in the shares of common stock? </I>A participant&rsquo;s investment in shares acquired
under the Plan is no different from direct investment in shares of our common stock. The participant bears the risk of loss and
realizes the benefits of any gain from market price changes with respect to all such shares held in the Plan, or otherwise. Neither
we nor the Plan agent makes any representations with respect to the future value of the shares of our common stock purchased under
the Plan. The participant should recognize that we, the Plan agent and related parties cannot assure the participant of realizing
any profits or protect the participant against a loss related to investment in the shares of our common stock purchased or sold
under the Plan.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">THE SHARES
OF COMMON STOCK PURCHASED IN ACCORDANCE WITH THE PLAN DO NOT CONSTITUTE SAVINGS ACCOUNTS OR DEPOSITS ISSUED BY A SAVINGS INSTITUTION
OR BANK AND ARE NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">28.&nbsp;&nbsp;&nbsp;<FONT STYLE="color: #231F20"><I>May
the Plan be changed or discontinued? </I>While we hope to continue a dividend reinvestment and stock purchase plan indefinitely,
our Board of Directors reserves the right to suspend or terminate the Plan at any time. It also reserves the right to make modifications
to the Plan. Participants will be notified of any such suspension, termination or modification. We also may adopt reasonable procedures
for the administration of the Plan.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #231F20">We
or the Plan agent may terminate a shareholder&rsquo;s individual participation in the Plan at any time by written notice to the
</FONT>shareholder<FONT STYLE="color: #231F20">. In the event the Plan agent does not receive instructions from the participant,
it will send the participant a certificate for the number of full shares held for the participant under the Plan and a check for
any fractional share.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center"><A NAME="a_020"></A>USE OF PROCEEDS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #231F20">We
do not know either the number of shares of our common stock that ultimately will be purchased under the Plan from us or </FONT>the<FONT STYLE="color: #231F20">
prices at which shares will be sold. The net proceeds from the sale of our common stock offered pursuant to the Plan will be added
to our general funds and used for general corporate purposes. </FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center"><A NAME="a_021"></A>INDEMNIFICATION
OF OUR DIRECTORS AND OFFICERS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">Our Amended
and Restated Articles of Incorporation and Amended and Restated By-Laws, as amended, or the Bylaws, provide for the elimination
of personal liability for directors and officers to the fullest extent required or permitted by the Maryland General Corporation
Law, or the MGCL, including the advance of expenses. Under the MGCL a director or an officer of Shore Bancshares will have no personal
liability for monetary damages except: (a) to the extent that the person actually received an improper benefit or profit in money,
property, or services; or (b) to the extent that a judgment or other final adjudication adverse to the person is entered in a proceeding
based on a finding that the person&rsquo;s action, or failure to act, was the result of active and deliberate dishonesty and was
material to the cause of action adjudicated in the proceeding. An amendment or repeal of these provisions requires the approval
of at least 80% of the aggregate votes entitled to be cast on the matter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">These provisions
may have the practical effect in certain cases of eliminating the ability of our stockholders to collect monetary damages from
directors and executive officers. We believe that these provisions are necessary to attract and retain qualified persons as directors
and executive officers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">Our Bylaws
obligate us to indemnify and advance expenses to a director or an officer in connection with a proceeding to the fullest extent
permitted by and in accordance with Section 2-418 of the MGCL, or the Indemnification Section. However, we may not indemnify a
director or an officer in connection with a proceeding commenced by such director or officer unless the Board authorized the proceeding.
We may indemnify and advance expenses to employees and agents, other than directors and officers, as determined by and in the discretion
of the board, in connection with a proceeding to the extent permitted by and in accordance with the indemnification section of
the MGCL.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">The Indemnification
Section permits us to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending
or completed action or suit or proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that
the person was a director, officer, employee or agent of Shore Bancshares if he or she (a) acted in good faith, (b) reasonably
believed her actions to be in or not opposed to the best interests of Shore Bancshares, (c) did not actually receive an improper
personal benefit in money, property, or services, and (d) in a criminal proceeding, had no reasonable cause to believe her conduct
was unlawful.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20"></P>

<!-- Field: Page; Sequence: 16; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">Under the
Indemnification Section, indemnification may be against judgments, penalties, fines, settlements, and reasonable expenses actually
incurred by the director in connection with the proceeding. Indemnification may not be made unless authorized for a specific proceeding
after a determination has been made that the director has met the applicable standard of conduct. This determination is required
to be made: (a) by the board of directors; (b) by special legal counsel selected by the board of directors or a committee of the
board by vote; or (c) by the stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">We may
pay, before final disposition, the expenses, including attorneys&rsquo; fees, incurred by a director, officer, employee or agent
in defending a proceeding when the director of officer gives and undertaking to Shore Bancshares to repay the amounts advanced
if it is ultimately determined that he or she is not entitled to indemnification. Shore Bancshares is required to indemnify any
director who has been successful on the merits or otherwise, in defense of a proceeding for reasonable expenses incurred in connection
with the proceeding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">These indemnification
and advancement of expenses provisions are not exclusive of any other rights to which a person seeking indemnification or advancement
of expenses may be entitled under any bylaw, agreement, vote of stockholders, vote of directors or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #231F20">Notwithstanding
the above, insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers
and controlling persons of the Company pursuant to the foregoing provisions, or otherwise, the Company has been advised that in
the opinion of the SEC such</FONT> indemnification is against public policy as expressed in the Securities Act and is, therefore,
unenforceable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center"><A NAME="a_022"></A>LEGAL MATTERS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">The validity
of the securities offered pursuant to this prospectus has been passed upon for us by Holland &amp; Knight LLP, Washington, D.C.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center"><A NAME="a_023"></A>EXPERTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #231F20">The consolidated
financial statements incorporated in this prospectus by reference from our Annual Report on Form 10-K for the year ended December
31, 2014 and the effectiveness of our internal control over financial reporting have been audited by Stegman &amp; Company, an
independent registered public accounting firm, as stated in their report, which is incorporated herein by reference. Such consolidated
financial statements have been so incorporated in reliance upon the reports of such firm given upon their authority as experts
in accounting and auditing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">* * *</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


<!-- Field: Page; Sequence: 17; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: Red"><IMG SRC="tlogo.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: #231F20"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: #231F20"><B>DIVIDEND REINVESTMENT AND
STOCK PURCHASE PLAN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #231F20"><B>No person has been authorized to give any information
or to make any representation not contained in this Prospectus, and, if given or made, such information or representation must
not be relied upon as having been authorized by us. Neither the delivery of this Prospectus nor any sale made hereunder shall,
under any circumstances, create any implication that there has been no change in our affairs since the date hereof. This Prospectus
does not constitute an offer to sell, or a solicitation of an offer to buy, any of the securities offered hereby in any jurisdiction
to any person to whom it is unlawful to make such offer in such jurisdiction.</B></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>


<!-- Field: Page; Sequence: 18 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PART II</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>INFORMATION NOT REQUIRED IN PROSPECTUS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 14. Other Expenses of Issuance and Distribution.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The following table itemizes the expenses incurred
by Shore Bancshares, Inc., or the Corporation, in connection with the offering of the securities being registered hereby. All amounts
shown are estimates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 87%; text-align: left">Registration Fee - Securities and Exchange Commission</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">932.16</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Accounting Fees and Expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,000</TD><TD STYLE="text-align: left">*</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Legal Fees and Expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,000</TD><TD STYLE="text-align: left">*</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Printing Fees and Expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,000</TD><TD STYLE="text-align: left">*</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt">Miscellaneous</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left">*</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">24,932.16</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">*Estimated</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 15. Indemnification of Directors and Officers.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Maryland General Corporation Law permits
a corporation to indemnify its present and former directors, among others, against judgments, penalties, fines, settlements and
reasonable expenses actually incurred by them in connection with any proceeding to which they may be made a party by reason of
their services in those capacities, unless it is established that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(1)</TD><TD>the act or omission of the director was material to the matter giving rise to such proceeding and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in; text-align: left">(A)</TD><TD>was committed in bad faith or</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in; text-align: left">(B)</TD><TD>was the result of active and deliberate dishonesty;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(2)</TD><TD>the director actually received an improper personal benefit in money, property, or services; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(3)</TD><TD>in the case of any criminal proceeding, the director had reasonable cause to believe that the act or omission was unlawful.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Maryland law permits a corporation to indemnify a present and former
officer to the same extent as a director.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">In addition to the foregoing, a court of appropriate
jurisdiction: (1) shall order indemnification of reasonable expenses incurred by a director who has been successful, on the merits
or otherwise, in the defense of any proceeding identified above, or in the defense of any claim, issue or matter in the proceeding;
and (2) may under certain circumstances order indemnification of a director or an officer who the court determines is fairly and
reasonably entitled to indemnification in view of all of the relevant circumstances, whether or not the director or officer has
met the standards of conduct set forth in the preceding paragraph or has been declared liable on the basis that a personal benefit
improperly received in a proceeding charging improper personal benefit to the director or the officer, provided, however, that
if the proceeding was an action by or in the right of the corporation or involved a determination that the director or officer
received an improper personal benefit, no indemnification may be made if the director or officer is adjudged liable to the corporation,
except to the extent of expenses approved by a court of appropriate jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Maryland General Corporation Law also permits
a corporation to pay or reimburse, in advance of the final disposition of a proceeding, reasonable expenses incurred by a present
or former director or officer made a party to the proceeding by reason of his or her service in that capacity, provided that the
corporation shall have received:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in"></P>

<!-- Field: Page; Sequence: 19; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">II - <!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(1)</TD><TD>a written affirmation by the director or officer of his good faith belief that he has met the standard of conduct necessary
for indemnification by the corporation; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(2)</TD><TD>a written undertaking by or on behalf of the director to repay the amount paid or reimbursed by the corporation if it shall
ultimately be determined that the standard of conduct was not met.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Corporation has provided for indemnification
of directors, officers, employees and agents in Section (a)(5) of Article Seventh of its Amended and Restated Articles of Incorporation,
or the Charter. This provision of the Charter reads as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">(5)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Corporation shall indemnify (A) its directors and officers, whether serving the Corporation or at its request any other entity,
to the full extent required or permitted by the General Laws of the State of Maryland now or hereafter in force, including the
advance of expenses under the procedures and to the full extent permitted by law and (B) other employees and agents to such extent
as shall be authorized by the Board of Directors or the Corporation&rsquo;s Bylaws and be permitted by law. The foregoing rights
of indemnification shall not be exclusive of any other rights to which those seeking indemnification may be entitled. The Board
of Directors may take such action as is necessary to carry out these indemnification provisions and is expressly empowered to adopt,
approve and amend from time to time such by-laws, resolutions or contracts implementing such provisions or such further indemnification
arrangements as may be permitted by law. No amendment of the Charter of the Corporation or repeal of any of its provisions shall
limit or eliminate the right to indemnification provided hereunder with respect to acts or omissions occurring prior to such amendment
or repeal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Maryland General Corporation Law authorizes
a Maryland corporation to limit by provision in its Articles of Incorporation the liability of directors and officers to the corporation
or to its stockholders for money damages except to the extent:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(1)</TD><TD>the director or officer actually receives an improper benefit or profit in money, property, or services, for the amount of
the benefit or profit actually received, or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(2)</TD><TD>a judgment or other final adjudication adverse to the director or officer is entered in a proceeding based on a finding in
the proceeding that the director&rsquo;s or officer&rsquo;s action, or failure to act, was the result of active and deliberate
dishonesty and was material to the cause of action adjudicated in the proceeding.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Corporation has limited the liability of
its directors and officers for money damages in Section (a)(6) of Article Seventh of the Charter. This provision reads as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">(6)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the fullest extent permitted by Maryland statutory or decisional law, as amended or interpreted, no director or officer of the
Corporation shall be personally liable to the Corporation or its stockholders for money damages. No amendment of the Charter of
the Corporation or repeal of any of its provisions shall limit or eliminate the limitation on liability provided to directors and
officers hereunder with respect to any act or omission occurring prior to such amendment or repeal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">As permitted under Section 2-418(k) of the Maryland
General Corporation Law, the Corporation has purchased and maintains insurance on behalf of its directors and officers against
any liability asserted against such directors and officers in their capacities as such, whether or not the Corporation would have
the power to indemnify such persons under the provisions of Maryland law governing indemnification.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 8(k) of the Federal Deposit Insurance
Act, or the FDI Act, provides that the Federal Deposit Insurance Corporation, or the FDIC, may prohibit or limit, by regulation
or order, payments by any insured depository institution or its holding company for the benefit of directors and officers of the
insured depository institution, or others who are or were &ldquo;institution-affiliated parties,&rdquo; as defined under the FDI
Act, to pay or reimburse such person for any liability or legal expense sustained with regard to any administrative or civil enforcement
action which results in a final order against the person. The FDIC has adopted regulations prohibiting, subject to certain exceptions,
insured depository institutions, their subsidiaries and affiliated holding companies from indemnifying officers, directors or employees
for any civil money penalty or judgment resulting from an administrative or civil enforcement action commenced by any federal banking
agency, or for that portion of the costs sustained with regard to such an action that results in a final order or settlement that
is adverse to the director, officer or employee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<!-- Field: Page; Sequence: 20; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">II - <!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 16. Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The exhibits filed with this Registration Statement
are listed in the Exhibit Index which immediately follows the signatures hereto and which is incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 17. Undertakings.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(a)</TD><TD>The undersigned registrant hereby undertakes:</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set
forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if
the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high
end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule
424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering
price set forth in the &ldquo;Calculation of Registration Fee&rdquo; table in the effective registration statement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
include any material information with respect to the plan of distribution not previously disclosed in the registration statement
or any material change to such information in the registration statement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>Provided</U>, <U>however</U>, that paragraphs (a)(1)(i), (a)(1)(ii),
and (a)(1)(iii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained
in periodic reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or Section 15(d) of the
Exchange Act that are incorporated by reference in the registration statement, or is contained in a form of prospectus filed pursuant
to Rule 424(b) that is part of the registration statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That,
for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed
to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the
termination of the offering;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N/A;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">(5)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That,
for the purpose of determining liability under the Securities Act to any purchaser:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.4in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of this registration statement as of the
date the filed prospectus was deemed part of and included in this registration statement; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in"></P>

<!-- Field: Page; Sequence: 21; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">II - <!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of this registration statement in reliance
on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose of providing the information
required by section 10(a) of the Securities Act shall be deemed to be part of and included in this registration statement as of
the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of
securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any
person that is at that date an underwriter, such date shall be deemed to be a new effective date of this registration statement
relating to the securities in this registration statement to which that prospectus relates, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof. <U>Provided</U>, <U>however</U>, that no statement made
in a registration statement or prospectus that is part of this registration statement or made in a document incorporated or deemed
incorporated by reference into this registration statement or prospectus that is part of the registration statement will, as to
a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in this
registration statement or prospectus that was part of this registration statement or made in any such document immediately prior
to such effective date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">(6)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That,
for the purpose of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution
of the securities, the undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant
pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if
the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant
will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule
424;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to
by the undersigned registrant;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant
or its securities provided by or on behalf of the undersigned registrant; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
other communication that is an offer in the offering made by the undersigned registrant to the purchaser.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing
of the registrant&rsquo;s annual report pursuant to section 13(a) or section 15(d) of the Exchange Act (and, where applicable,
each filing of an employee benefit plan&rsquo;s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated
by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time will be deemed to be the initial bona fide offering thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(c)&ndash;(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N/A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar
as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion
of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant
of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action,
suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered,
the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court
of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and
will be governed by the final adjudication of such issue.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(i)-(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N/A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>


<!-- Field: Page; Sequence: 22; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">II - <!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing
on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized,
in the City of Easton, State of Maryland, on August 5, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <td colspan="2"><font style="font: 10pt Times New Roman, Times, Serif"><b>SHORE BANCSHARES, INC.:</b></font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</td>
    <TD STYLE="width: 5%">&nbsp;</td>
    <TD STYLE="width: 45%">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">By:</font></td>
    <TD STYLE="border-bottom: Black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif">/s/ Lloyd L. Beatty, Jr.</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">Lloyd L. Beatty, Jr.</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif"><i>President and Chief Executive Officer</i></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">KNOW ALL MEN BY THESE PRESENTS, that each person
whose signature appears below constitutes and appoints Lloyd L. Beatty, Jr. and George S. Rapp, and each of them (with full power
to each of them to act alone), his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution,
for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective
amendments) to this registration statement, and to file the same, with all exhibits thereto and other documents in connection therewith,
with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and
authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully
to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact
and agents, or any of them, or their substitutes, may lawfully do or cause to be done by virtue hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Act of 1933, this registration statement has been signed by the following persons in the capacities and on August 5, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 40%; border-bottom: Black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif">/s/ Blenda W. Armistead</font></td>
    <TD STYLE="width: 20%">&nbsp;</td>
    <TD STYLE="width: 40%; border-bottom: Black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif">/s/ Christopher F. Spurry</font></td></tr>
<tr style="vertical-align: top">
    <TD><font style="font: 10pt Times New Roman, Times, Serif">Blenda W. Armistead, Director</font></td>
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">Christopher F. Spurry, Director</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif">/s/ David J. Bates</font></td>
    <TD>&nbsp;</td>
    <TD STYLE="border-bottom: Black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif">/s/ W. Moorhead Vermilye</font></td></tr>
<tr style="vertical-align: top">
    <TD><font style="font: 10pt Times New Roman, Times, Serif">David J. Bates, Director</font></td>
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">W. Moorhead Vermilye, Director</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif">/s/ Lloyd L. Beatty, Jr.</font></td>
    <TD>&nbsp;</td>
    <TD STYLE="border-bottom: Black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif">/s/ John H. Wilson</font></td></tr>
<tr style="vertical-align: top">
    <TD><font style="font: 10pt Times New Roman, Times, Serif">Lloyd L. Beatty, Jr., Director</font></td>
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">John H. Wilson, Director</font></td></tr>
<tr style="vertical-align: top">
    <TD><font style="font: 10pt Times New Roman, Times, Serif">President and Chief Executive Officer</font></td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD STYLE="border-bottom: Black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif">/s/ George S. Rapp</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif">/s/ James A. Judge</font></td>
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">George S. Rapp, Vice President and</font></td></tr>
<tr style="vertical-align: top">
    <TD><font style="font: 10pt Times New Roman, Times, Serif">James A. Judge, Director</font></td>
    <TD>&nbsp;</td>
    <TD><font style="font: 10pt Times New Roman, Times, Serif">Chief Financial Officer</font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(Principal Financial Officer and</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Principal Accounting Officer)</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif">/s/ Frank E. Mason, III</font></td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD><font style="font: 10pt Times New Roman, Times, Serif">Frank E. Mason, III, Director</font></td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif">/s/ David W. Moore</font></td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD><font style="font: 10pt Times New Roman, Times, Serif">David W. Moore, Director</font></td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


<!-- Field: Page; Sequence: 23 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">Exhibit</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">No.</P></TD>
    <TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 89%; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Description</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.1(i)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Amended and Restated Articles of Incorporation (incorporated by reference to Exhibit 3.1 of the Company&rsquo;s Form 8-K filed on December 14, 2000)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.1(ii)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Articles Supplementary filed for record on January 7, 2009 creating the Fixed Rate Cumulative Perpetual Preferred Stock, Series A (incorporated by reference Exhibit 4.1 of the Company&rsquo;s Form 8-K filed on January 13, 2009)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.1(iii)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Articles Supplementary filed for record on June 16, 2009 reclassifying all shares of authorized Fixed Rate Cumulative Perpetual Preferred Stock, Series A as shares of common stock (incorporated by reference to Exhibit 3.1 of the Company&rsquo;s Form 8-K filed on June 17, 2009)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.2(i)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Amended and Restated By-Laws (incorporated by reference to Exhibit 3.2(i) of the Company&rsquo;s Annual Report on Form 10-K for the year ended December 31, 2007)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.2(ii)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">First Amendment to Amended and Restated By-Laws (incorporated by reference to Exhibit 3.2(ii) of the Company&rsquo;s Annual Report on Form 10-K for the year ended December 31, 2007)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.2(iii)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Second Amendment to Amended and Restated By-Laws (incorporated by reference to Exhibit 3.2(iii) of the Company&rsquo;s Form 10-K for the year ended December 31, 2010)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.2(iv)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Third Amendment to Amended and Restated By-Laws (incorporated by reference to Exhibit 3.2(iv) of the Company&rsquo;s Form 10-K for the year ended December 31, 2010)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.1</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Specimen Common Stock Certificate (incorporated by reference to Exhibit 4.1 of the Company&rsquo;s Form S-3 filed on June&nbsp;25, 2010)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.1</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Opinion of Holland &amp; Knight LLP (filed herewith)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">23.1</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Consent of Stegman &amp; Company, Independent Registered Public Accounting Firm (filed herewith)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">23.2</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Consent of Holland &amp; Knight LLP (included in Exhibit 5.1)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">24.1</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Power of Attorney (included in the signature page hereto)</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>


<!-- Field: Page; Sequence: 24; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>tlogo.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tlogo.jpg
M_]C_X  02D9)1@ ! @  9 !D  #_[  11'5C:WD  0 $    9   _^X #D%D
M;V)E &3      ?_; (0  0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0(" @(" @(" @(" P,# P,# P,# P$! 0$! 0$" 0$"
M @(! @(# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,#
M P,# P,# P,#_\  $0@ :0(. P$1  (1 0,1 ?_$ .$   $$ @,! 0
M       '" D* 08" P4$"P$  04! 0$               ,$!08' 0(($
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MRR9_H/PB%'N@<8<P=K^NUODOP$SME_%&(!F8NDW;$:=SF[+5J5*2'TD[K,K
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M=LOY?LJ#8',C[DU>:=I4FB0D2R=MUE'$BC,N?,733,@4WFD3D*ZD9MB$-O\
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M,JQ3K @ZBL#N+4:94M<E,,#-%TW^2(HK(C((H# <!.)Q/X@ !JR7>V45H*0
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MD)C$1-U%"RWCAI;[Z[A1$+:<&@B8\IQ0>%ON-1VZA;LUY;-/4,)"9E)()QU
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MDD0 *L>>*;;<0-JRVZM-%7L)!DC$*\X.CGE&9<4VMKB#ARLJV9+?6)M$$3]
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M(TRH84Y=4?'%<Q=!Y9XMDHM4J$708R&<<<\CJ('K,-#HUYNS=@'($J:HKQR
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M%LN%/3NK9JTJ.XI)EB2<">6)!NQ]R6H&+\WV+ASRCQ=2ZSG8+M/(X\RO=JK
MFRDTOR"PH6?#MON\TFO-G>KNF/F0)B./WB@*-BF-UMMXV_T;CM*BX4(W6%(
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M6L6V6_DOG'7D<_1<LL/7Q268,H>>K$A:E@6AJ';5D(UD[^CI1=H!E_:BI'5
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M(N+RI):.6E7-^V#BVJ5>+6NRVA/;U#TID9) .9/1#Q<+4G$';_X?8UQ!9;Q
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M=UJ"Y12<IEXB1&$\QS@Q8^%>)S<;>AJYI6U<&T@*WAZVHB6L9Q"E5LCT=O\
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M[;"1,0VVV%,@@ ?H#IUT.O;TRKT-4)%AHX[B-[7NQCRB^C8NWJV\/U;>C;7
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M'B1V:MU(T9S@-.TK%24%6O=CF        '@     !^@ \ T$S,SG"H$A* 0
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M)#2C^!B%WM49MXZ<(^V]@6;Y#Y=IN,IW.4GD/,(L)UQO9)Y.P6=^T0F6U<A
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MK93+XQMTM2*A,O)-+VIQ$PDVZAFX*.)5VFV>N6YETO:%2I'#J'3HFX4E*6G
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MD_8/6RBJ#MF[;J%.FH0QB'*(" ZB"VMLD+]89B+8TXVZWVK1F@PB68N4N ,
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MV&;,S4/"=14H+JIYC>&1GB!(91!UB/F).<4<"]ZZ^8XD2'C:OR^?5[ 3-@V
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M<MB9TX\L5[@^V"XW^Z72H [FBJ4$)EZ)D-61 QPUPY\J1;M_$"1R-83+&Q^
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M^>4.[.^FU<(L5*S.H:H]]()Q)(GCCED(BI[8_*9HYH65>5UDQMF;E9SMY)Y
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M-,B>PD6+)JJ:=RW4S16F3:E$B>.S5$&BBNS'$=T<0TYVS[20T[NG<EAAO93
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MF<OED*!-,;U5(70TU*P0I*4B<M!,B9\T2?#%KJ:>ZW.ZU:%)?J'0!,2WDIF
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M4$I4J0Y!+FBRWX#N'@.VX"&_J\!_8.JN24&>F-34D+3(Y&(>^5. LQ9K[I?
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M9PO(6ZG,'&,,4/+UC?(K.2LTO9:_8:]D]F^94F+CY()P45#OW;=)J9(3K&(
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M%1W-+5KMJ&>_(>;6I02!NI2H$^D!*9&$@9_A$S9$P3W*7JZ0*!0ZA$P^!2E
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0$$&B"#1!!H@@T00:((__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>3
<FILENAME>v417097_ex5-1.htm
<DESCRIPTION>EXHIBIT 5.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 5.1</B></P>

<P STYLE="margin: 0; text-align: right">&nbsp;</P>

<P STYLE="margin: 0"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 100%">
        <IMG SRC="image_002.jpg" ALT="" STYLE="height: 55; width: 300"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#9;&nbsp;</P>
        <P STYLE="color: #002776; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">800 17th Street, NW, Suite 1100 | Washington,
        DC 20006 | T 202.955.3000 | F 202.955.5564</P>
        <P STYLE="color: #002776; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Holland &amp; Knight LLP | www.hklaw.com</P></td></tr>
</table>


<P STYLE="margin: 0"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">August 5, 2015</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Board of Directors<BR>
Shore Bancshares, Inc.<BR>
28969 Information Lane<BR>
Easton, Maryland 21601</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">Re:</TD><TD STYLE="text-align: justify"><U>Registration Statement on Form S-3</U></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dear Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We have acted as counsel
to Shore Bancshares, Inc., a Maryland corporation (the &ldquo;<U>Company</U>&rdquo;), in connection with the Company&rsquo;s filing
of the above referenced registration statement (the &ldquo;<U>Registration Statement</U>&rdquo;) with the Securities and Exchange
Commission (the &ldquo;<U>Commission</U>&rdquo;) to register under the Securities Act of 1933, as amended (the &ldquo;<U>Securities
Act</U>&rdquo;), 840,000 shares (the &ldquo;<U>Shares</U>&rdquo;) of the Company&rsquo;s common stock, par value $0.01 per share,
for issuance and sale by the Company in accordance with the Company&rsquo;s Dividend Reinvestment and Stock Purchase Plan (the
&ldquo;<U>Plan</U>&rdquo;), the prospectus for which is included in the Registration Statement (the &ldquo;<U>Prospectus</U>&rdquo;).
We are furnishing this opinion letter to you pursuant to Item 16 of the Commission&rsquo;s Form S-3 and Item 601(b)(5) of the Commission&rsquo;s
Regulation S-K under the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In connection with
the issuance of this opinion letter, we have examined originals or copies, certified or otherwise identified to our satisfaction,
of:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(i)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Registration Statement, including the Prospectus contained therein and all exhibits thereto;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(ii)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Amended and Restated Articles of Incorporation of the Company, as supplemented by the Articles Supplementary filed for
record on January 7, 2009 and June 16, 2009, as presently in effect;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(iii)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Amended and Restated By-laws of the Company, as presently in effect;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(iv)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the authorization given by the Company's Board of Directors (the &ldquo;<U>Board</U>&rdquo;) at a meeting duly held on August
5, 2015 relating to the authorization for the Registration Statement, the issuance and sale of the Shares and other related matters;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(v)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Plan; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(vi)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>such other documents as we have deemed appropriate as a basis for the opinion hereinafter set forth.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 8pt">Anchorage
| Atlanta | Austin | Boston | Chicago | Dallas | Denver | Fort Lauderdale | Jacksonville | Lakeland | Los Angeles | Miami <BR>
New York | Northern Virginia | Orlando | Portland | San Francisco | Tallahassee | Tampa | Washington, D.C. | West Palm Beach</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">August 5, 2015</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page 2</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In our examination
of the relevant documents, we have assumed (i) the genuineness of all signatures, (ii) the legal capacity and competence of all
natural persons, (iii) the authenticity of all documents submitted to us as original documents and the conformity to authentic
original documents of all documents submitted to us as certified, conformed, facsimile, electronic or photostatic copies and (iv)
the accuracy, completeness and authenticity of all certificates of public officials.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As to certain factual
matters relevant to this opinion letter, we have relied conclusively upon the representations, warranties and statements made in
originals or copies, certified or otherwise identified to our satisfaction, of such records, agreements, documents and instruments,
including certificates or comparable documents of officers of the Company and of public officials, as we have deemed appropriate
as a basis for the opinions hereinafter set forth. Except to the extent expressly set forth herein, we have made no independent
investigations with regard thereto, and, accordingly, we do not express any opinion or belief as to matters that might have been
disclosed by independent verification.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Based upon and subject
to the foregoing, we are of the opinion that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(1)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT>The
Shares are duly authorized and, when issued by the Company in accordance with the Plan and the Registration Statement, the Shares
will be validly issued, fully paid and nonassessable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The opinion letter
which we render herein is limited to those matters governed by the laws of the State of Maryland as of the date hereof. Our opinions
expressed herein are as of the date hereof, and we assume no obligation to revise or supplement the opinions rendered herein should
the above-referenced laws be changed by legislative or regulatory action, judicial decision or otherwise. We express no opinion
as to compliance with the &ldquo;blue sky&rdquo; laws of any jurisdiction and the opinions set forth herein are qualified in that
respect. We express no opinion as to whether, or the extent to which, the laws of any particular jurisdiction apply to the subject
matter hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This opinion letter
is provided for use solely in connection with the transactions contemplated by the Registration Statement and may not be used,
circulated, quoted or otherwise relied upon for any other purpose without our express written consent. No opinion may be implied
or inferred beyond the opinion expressly stated in the paragraph numbered (1) above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We hereby consent to
the filing of this opinion letter as an exhibit to the Registration Statement and to the references to us under the heading &ldquo;Legal
Matters&rdquo; in the Prospectus forming part of the Registration Statement. In giving such consent, we do not thereby admit that
we are in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations
promulgated thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">Sincerely,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><BR>
<U>/s/ Holland &amp; Knight LLP</U><BR>
Holland &amp; Knight LLP</P>
</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"></P>



<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font-size: 8pt">Anchorage | Atlanta | Austin | Boston
| Chicago | Dallas | Denver | Fort Lauderdale | Jacksonville | Lakeland | Los Angeles | Miami <BR>
New York | Northern Virginia | Orlando | Portland | San Francisco | Tallahassee | Tampa | Washington, D.C. | West Palm Beach</FONT></P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 2; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>image_002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_002.jpg
M_]C_X  02D9)1@ ! 0   0 !  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !% 78# 2(  A$! Q$!_\0
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M^0._XUV]KHR6TZ2_;KZ4K_#).2I^HJZD8J,2(-MLTJ***P-@KA?'/_(1MO\
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M5TB:K)JT]LFG+*L*N'GF=,#:/X1ZDTZBO&+78(.TFC;HHHKG-@HHHH ****
M"BBB@ (!ZBBBB@ HHHH ****  C/6BBB@ Q1110 4444 %! /6BB@ HHHH *
M***  #'2BBB@! JKT 'T%+110 4444 %%%% !1110 4444 %<YKVJ2KJ=KI4
M;B&.?;YDI )P3C SQVKHZSM5T6UU>-1.&61/NR)U'_UJN#2EJ3--K0D72-/5
M0#96[$ #+1KD_7BLKQ)IVF0:+-)]FABD&!&R*%.[/3BIH='U6W39%KK[!P ]
MN&('U)JQ#HD7GK<7D\MY,GW3*?E4^RCBJ3Y7?F):NK6$\.6LEGH5M%*"'(+$
M'MDYQ6K116;=W<M*RL%%%%(8=:*** "BBB@ HHHH **** "BBB@ HHHH ***
M* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
C **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@#_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>5
<FILENAME>v417097_ex23-1.htm
<DESCRIPTION>EXHIBIT 23.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0; text-align: right"><B>Exhibit 23.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_003.jpg" ALT="" STYLE="height: 94; width: 250">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt; color: #4F4F4F"><FONT STYLE="color: Black"><B>Consent
of Independent Registered Public Accounting Firm</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">We hereby consent to the incorporation
by reference in this Registration Statement filed by Shore Bancshares, Inc. on Form S-3 of our report dated March 13, 2015 with
respect to the consolidated financial statements, of Shore Bancshares, Inc. and the effectiveness of internal control over financial
reporting, which appears in the Annual Report on Form 10-K of Shore Bancshares, Inc. for the year ended December 31, 2014. We
also hereby consent to the reference of our firm under the heading &ldquo;Experts&rdquo; in the prospectus.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #4F4F4F"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #4F4F4F"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%"><FONT STYLE="color: Black"><I>/s/ </I>Stegman &amp; Company</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #4F4F4F"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #4F4F4F"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #4F4F4F"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #4F4F4F"><FONT STYLE="color: Black">Baltimore, Maryland</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #4F4F4F"><FONT STYLE="color: Black">August 5, 2015</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #4F4F4F"></P>



<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><IMG SRC="image_005.jpg" ALT="" STYLE="height: 56; width: 800"></P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"></P>

<!-- Field: Page; Sequence: 1; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>image_003.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_003.jpg
M_]C_X  02D9)1@ ! 0   0 !  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !T 30# 2(  A$! Q$!_\0
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M)7&>Y/KWH)G'F5C6\+QR1>&M/64$-Y*G!]#R/TJ;7O\ D7]1_P"O:3_T$UH
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M=R .JH3C_=%>@01>*8(A$TNFW&.!+)O#'Z@#%9,O@.74[][[5=1W2R$%E@3
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M27MJEQ&&56SPW4$'!'YBIZQ-%U0Z@RQ00+;Q6R^7/"5P4DZ!1[#!Y]Q[UMT
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M_P!^/_KTP'P:;9VUQY\$"1R;!&2G&5'08Z5;JB;;4,<7Z _]<1_C1]FO\?\
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8B@ HHHH **** "BBB@ HHHH **** /_9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>image_005.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_005.jpg
M_]C_X  02D9)1@ ! 0   0 !  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !*!!H# 2(  A$! Q$!_\0
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M):1T\Q., ,0,#Z9'Y4Z24F\F1[V6 !PJ!0-OW0>I![DTK@:=%(>E9.ES)-%
MSW,K3G)*DG!Z]OI1<#7HJK]LQ.D3PR)YA(1CCD@9['CBD2\,L;R1PL4 ;:V1
MR0<>M%P+=%5=/GDN;**61=K,H.>QR.HJO%>>3]IW[G/VGRXUSR20#@9^IIW
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M+(P5$&YB>PK&ANHI=9@F:XB+/$ZA1(#MY7"]>O6@#;W#(&1D]J1I$3&]E7/
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M(!(J%&&.#W_#D4P6 $6-_P"\\WS=V.-WT],<5<HH K16I6ZDN9'W2.H3 &
M,_XU/)&DJ;9$5U]&&13J* $5510J@ #H!5:ZL8;F&5"B!W4C?L!(XZU:HH K
M2VBR6#VJD('C*9 Z9&,XI9[7SXHEW;7C8,K8Z$58HH K):_OGFE(=F4)C'
MY_K2RVH9XGC(1HR2...>O%6**+ 4C8R;9BL^V69@7?;Q@#& ,\5)%#/'&RF9
M,;<(%CP%_7FK-% %9;9S<K/-(&9%*JJK@#/4]3Z4ZXM8[BW>%AM##JO!'>IZ
M* *OV0O.LL[ARBE5 7 &>O?VIL=CLBBA,A,,1!1<<\= 3WQ_2KE1O-&GWG I
M.P%<V)V2Q"4B&5BS+CD9Z@'L#_6G&T*SM-"X1G4*P*Y!QT/UJ3[3%_?%2*ZL
M,@@BBZ ;!"L$*Q)G"COU/O3RBE@Q49'0XI:*8!4*0;;N2?<2755QZ8)_QJ:B
M@".:!)X9(G'RNI5OH:@2S;?"TLQD$(.SY<<XQD^IQ].M6Z* *:V 6-83*3 K
M[@F.>N0,^E*UES/Y<A1)^7 '?&,CTX%6Z* &1Q)%&J(H"J, >@JK)8>8DL0F
M9896W,H'//4 ^AJ[10!5-F5GDEAE\LR* XVY''0CT--73XXHH%A)1H 0A//7
MKGUS5RB@""WME@\PYW/(V]V/<]/Y "B6&9RVR?8K#!&T$CW!_P#UU/10!4-A
M&([=8B8S!_JR.<<8P?6F/IL<T<PF=F>8JQ<<$%?NX^E7J* *JVC&;SI)BT@0
MHI  "YZG'KP/RI1:%KF.>:3>T8(0!< 9ZGZU9HH *0*JYP ,]<4M% $%U:K=
MK$&9E\N59!CN0<XIMS:>?+#*LA22(G:<9&",'(JS10!2CTY8XS&9I&1I3*P.
M/F)YP?;/-+]@*QRQQ7$D2R.'&W'R<Y('L?ZU<HH ,9&#S4#6J->1W.2&1&0+
M@8P2#_2IZ* (&M4:^CNBQWHC(!VP2"?Y"F/9_P"D2312M$\BA7P <XZ'GO5J
MB@!D,200I$@^51@9JH=/D\Z25;ZX4N<D )@>W*]*O44 07$#SKM6=XU(P=@&
M3^)Z4Q[&)HH4C)B\@@QE,?+QCO[5:HH @M[5;<R-N9Y)#N=VZGL/H*F(R"/6
MEHH I#3(5M+:!7<?9L>7("-PP,?3I4\%LL#2/N9Y)#EG;&3Z#BIJ* ((K5(8
MY41F'F.SD]P2<G%-2R43I-)+)*Z A-^/ESUZ <U9HH **** (;NUBO;9H)@2
MC8S@X/!R*3['#]J2XV_O$0HN.F/\_P S4]% $#6D37BW1!\U4* YXQG/^?J:
M6VM8K1'2(8#.7/U)S4U% %-M,M6M)+8I^ZD?>PSWSFI7M5>3?OD4^68\*Q P
M>^/7WJ>B@"FVFQ20RQS/)*94",[$9P.G0#UI38(9%E\Z43!=AD! +#T(Q@_E
M5NB@#)N+<?;1YC7*(D05'B+$L<G(8C/M^=36-J[)!/<L[31[U0MP=I/&?? %
M:%% %9K"!K>6 @[)7+MSWSFHY-+@D:;+2!)6WL@; W<<_H*NT4 0I;1I</.,
M^8Z*C$GJ!G'\S4<5A# END9<+!G8-YYR,<^M6J* (KBWBN8O+E7<N01V((Z$
M'L:C^PQM&Z2O),KC:0[9X_SWZU9HH JQV*+,DKR22N@(0R$';GKC_&A-/@2U
MCMP&\N-PZ_-SD-N'ZU:HH A%M&MVUT,^8R!"?8$G^IJ:BB@ HHHH **** "B
MBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ***
M* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M **** "BBB@ HHHH ***CFF2"/?(<+D#/U.!0!)12$@#)X%-AE2>)9$.4;D'
MUH ?1110 45 ]P%NX[<+EG4MGT Q_C4] !1110 4$XHK!\0:NUD$@@/[UN3Q
MG I-V0&G+,TF5C( Z?6HUM_F'R@]R<UG>'[R6_CE,K\H1C '>F:MK;VDYM;8
M%ILC)/./:L[W&:Y@+@X4=?6F&)HV#QX7/O7.2:MJ]A(GVE3AOFVD#D5J:EJ#
M0Z(MS"Q5GQC/O2"QK0SY.UQ@CK5BN0T;5YKJ9TN'RV-R\ =*O:)JEW?ZA,DC
MCRD!( 'OQ5I]!'0T4458!1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
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1%% !1110 4444 %%%% '_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
