11:41 AM EST, 02/19/2026 (MT Newswires) -- Shore Bancshares ( SHBI ) said Thursday it has extended its offer to exchange up to $60 million of its outstanding 6.25% fixed-to-floating rate subordinated notes due 2035 for an equivalent amount of its 6.25% fixed-to-floating rate subordinated notes due 2035.

The company said the old notes were issued and sold in a private offering in November 2025.

The exchange offer will now expire at 11:59 pm ET on Friday, unless further extended, the company added.

Shore Bancshares ( SHBI ) said $58 million, or approximately 97%, of the outstanding previous notes were tendered in the exchange offer as of Wednesday.

Price: 19.44, Change: -0.22, Percent Change: -1.09