Shore United Bank, N.A.

What Shore United Bank, N.A. does

Shore United Bank, N.A. is a federally chartered community bank founded in 1876 and headquartered in Easton, Maryland, operating as the primary banking subsidiary of publicly traded Shore Bancshares, Inc. (NASDAQ: SHBI). The bank serves consumers, small-to-medium businesses, and high-net-worth clients across Maryland, Delaware, and Virginia through a multi-branch network, with deposit operations centered at 28969 Information Lane, Easton. Core product lines span personal deposit accounts (checking, savings, CDs, IRAs), consumer lending (mortgages, HELOC, home equity, vehicle, boat, credit cards), business banking (checking, treasury management including ACH Origination, Remote Deposit Capture, Positive Pay, Merchant Services, Insured Cash Sweep, and Lock Box), commercial real estate and agriculture lending, and a niche cannabis banking offering for legally operating businesses.

Digital banking is delivered through third-party platforms: Banno (by Jack Henry) powers the consumer online and mobile experience on iOS and Android, while Apiture powers the business online banking portal. Customer communication includes secure messaging and chatbot capabilities, and fraud prevention references AI-driven scam detection. Wealth and trust services are delivered through two wholly owned divisions: Wye Financial Partners, which offers investment and insurance products through a long-standing partnership with LPL Financial, and Wye Trust, which provides trust administration, wealth management, and custodian services, supplemented by external portfolio manager relationships with FCI Advisors and DT Investment Partners. The bank also distributes Greenlight's kids debit card and financial education platform.

The revenue model is anchored in net interest income from the spread between loan yields and deposit costs (NIM of 3.36% in 2025 versus 3.10% in 2024), supplemented by fee-based non-interest income from deposit services, treasury management, merchant services, and wealth/trust advisory. Distribution is sales-led and relationship-based, combining physical branches, digital channels, telephone banking, and dedicated wealth advisory offices. Operational momentum is strong, with full-year 2025 net income of $59.5M (+35.6% YoY), though nonperforming assets rose to 0.69% of total assets from 0.40%, signaling early asset quality softening worth monitoring.

Name

Shore United Bank, N.A.

Legal name

Shore United Bank, N.A.

Website

https://cbtc.com

Company type

Private

Founded year

1876

Operating status

Operating

Short description

Shore United Bank is a federally chartered community bank, founded in 1876, serving consumers, small businesses, and high-net-worth clients across Maryland, Delaware, and Virginia with deposits, lending, treasury management, and wealth/trust services.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Real Estate (Commercial Property, REITs) (FSABACAH), High-Net-Worth (HNW) Private Banking (FSABADAB)

Keywords

• Retail banking services
• Commercial lending
• Community banking
• Treasury management
• Wealth management services

Headquarters

HQ city

Easton

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Net Interest Income: Primary revenue driver from the spread between interest earned on loans (mortgages, consumer loans, business loans, commercial real estate) and interest paid on deposits (checking, savings, CDs, IRAs). Driven by favorable loan repricing and lower deposit costs, with net interest margin improving to 3.36% from 3.10%.
2. Non-Interest Income - Fee-Based Services: Fees from deposit account services, wire transfers, overdraft services, merchant services, and other banking service charges. Also includes revenue from investment and wealth management services offered through Wye Financial Partners (LPL Financial partnership) and Wye Trust.
3. Investment and Wealth Management Revenue: Revenue generated through Wye Financial Partners (LPL Financial) and Wye Trust divisions offering financial planning, retirement planning, life insurance, long-term care insurance, wealth management, and trust administration services.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels5 records

Core offering

Shore United Bank, N.A. is a Mid-Atlantic community bank offering personal and business deposit accounts, consumer and commercial lending, treasury management, and wealth/trust services across Maryland, Delaware, and Virginia. Core offerings include checking, savings, CDs, IRAs, mortgages, home equity, vehicle/boat loans, credit cards, business loans, commercial real estate, agriculture loans, cannabis banking, digital banking, and investment advisory through the Wye Financial Partners and Wye Trust divisions.

Product overview

Shore United Bank, N.A. is a full-service financial institution serving customers in Maryland, Delaware, and Virginia since 1876. The bank operates as a unified platform offering personal banking (checking, savings, CDs, IRAs), business banking (checking, loans, cannabis banking), digital banking (online and mobile), and treasury management services (ACH, merchant services, remote deposit). The core banking portfolio includes mortgage loans, consumer loans, credit cards, home equity products, commercial real estate loans, and agriculture loans. Investment and wealth services are delivered through two divisions: Wye Financial Partners (investment and insurance through LPL Financial) and Wye Trust (wealth management and trust administration). The bank also partners with Greenlight for kids' banking. The digital channel includes 24/7 online banking, mobile apps (iOS/Android), and P2P payments via Zelle.

Differentiator

Problem solved

Functional benefit

Brands

• Wye Financial Partners: A financial services firm offering full-service investment and insurance solutions through LPL Financial.
• Wye Trust

Products and services

• Personal Checking Accounts Individual checking accounts with online banking access, debit cards, and overdraft services for personal banking customers.
• Personal Savings Accounts Savings accounts including Kids Club accounts for children under 13, offering interest earnings and balance tracking.
• Certificates of Deposit (CDs) Time-bound savings instruments with fixed interest rates, higher returns than regular savings, with penalty for early withdrawal.
• Individual Retirement Accounts (IRAs) Tax-advantaged retirement savings accounts with various contribution limits and withdrawal rules for individual savers.
• Mortgage Loans Home financing including fixed rate mortgages, adjustable rate mortgages (ARM), jumbo mortgages, and government mortgage programs for personal borrowers.
• Consumer Loans Personal loans for various purposes including debt consolidation, medical bills, and other personal expenses.
• Credit Cards Credit card products for personal and business use with various rewards and rate options.
• Home Equity Line of Credit (HELOC) Revolving credit line secured by home equity, allowing borrowers to access funds as needed.
• Home Equity Loans Lump-sum loans secured by home equity with fixed repayment schedules.
• Vehicle and Boat Loans Financing options for purchasing vehicles and boats with competitive rates for personal borrowers.
• Business Checking Commercial checking accounts with features for business operations, including online and mobile banking access.
• Business Loans Commercial lending products including term loans and lines of credit for business expansion and operations.
• Commercial Real Estate Loans Financing for commercial property acquisition, development, and refinancing for businesses.
• Agriculture Loans Specialized lending for agricultural operations including farm equipment, land purchase, and operating capital.
• Cannabis Banking Banking services tailored for cannabis-related businesses operating in legal markets.
• Online Banking 24/7 web-based banking platform with account access, fund transfers, bill payments, and mobile check deposits up to $5,000 per day.
• Mobile Banking Smartphone banking application for iOS and Android with full account access and mobile deposit capabilities.
• ACH Origination Electronic transfer service for businesses to send and receive batch payments including payroll, vendor payments, and tax payments.
• Remote Deposit Capture Electronic check deposit service allowing businesses to scan and deposit checks remotely.
• Merchant Services Payment processing solutions for merchants including credit card terminal services and point-of-sale systems.
• Positive Pay Fraud prevention tool that matches checks and electronic transactions against issued payment records.
• Insured Cash Sweep Service that automatically deposits funds into multiple FDIC-insured accounts to maximize coverage beyond single-bank limits.
• Lock Box Service Business payment processing service where payments are sent to a bank-controlled postal box for efficient collection and processing.
• Wye Financial Partners Division of Shore United Bank offering full-service investment and insurance solutions through LPL Financial, including financial planning, retirement planning, and insurance products.
• Wye Trust Division of Shore United Bank providing wealth management, trust administration, and custodian services through professional portfolio managers.
• Financial Planning Comprehensive financial strategy development and advisory services tailored to individual and business client needs.
• Retirement Planning Retirement savings strategy development including IRA planning, 401(k) planning for small businesses, and retirement income planning.
• Trust Administration Professional trustee services including trust setup, ongoing management, and distribution administration.
• Custodian Services Asset safekeeping services holding client securities and assets in electronic or physical form, including account administration and tax support.

Quantifiable outcome

• 35.6% increase in full-year net income (2024 to 2025)
• +2 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability5 records

Partnerships

Seven partnerships are on record, tiered minor, core and supporting.

• GreenlightminorGTM or Marketing PartnerGreenlight is a debit card and financial education platform for kids. Shore United Bank partners with Greenlight to offer kids savings accounts and debit cards, helping parents teach children about earning, saving, and spending wisely. The partnership provides access to Greenlight's platform with over 6 million parents and kids users.
• LPL FinancialcoreChannel Partner/ Reseller/ DistributorLPL Financial is the largest independent broker/dealer in the country and has been a strategic partner of Wye Financial Partners for over a decade. Wye Financial Partners offers investment and insurance products through LPL Financial's broker/dealer platform. Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC).
• FCI AdvisorssupportingStrategic or Co-development PartnerFCI Advisors is one of the external portfolio managers partnered with Wye Trust for wealth management services. Wye Trust partners with a limited number of established outside portfolio managers including FCI Advisors and DT Investment Partners to expand wealth management expertise.
• DT Investment PartnerssupportingStrategic or Co-development PartnerDT Investment Partners is an external portfolio manager partnered with Wye Trust for wealth management services. Wye Trust collaborates with DT Investment Partners alongside FCI Advisors to provide professionally managed investment portfolios to clients.
• Banno (by Jack Henry)coreTechnology or IntegrationBanno is the digital banking platform provider powering Shore United Bank's consumer digital banking experience. The Banno platform provides the mobile banking interface and functionality for the bank's digital-first banking services.
• ApiturecoreTechnology or IntegrationApiture provides the digital banking platform powering Shore United Bank's business online banking. The Apiture-powered platform handles business digital banking login and account management services.
• Allpoint NetworksupportingChannel Partner/ Reseller/ DistributorAllpoint Network provides surcharge-free ATM access for Shore United Bank customers. The partnership grants customers access to 55,000+ ATMs worldwide with no additional charge.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Citizens Financial Group: Major regional bank with a substantial Mid-Atlantic footprint (including Maryland) offering retail, commercial, and wealth services. Larger and broader than Shore United but competes for the same MD/VA customers.
• M&T Bank Corporation: Large regional bank holding company with operations across the Mid-Atlantic (including Maryland and Virginia) offering full-service retail, commercial, mortgage, and wealth management. Direct geographic and product overlap with Shore United Bank but vastly larger scale.

Direct peers

• S&T Bancorp: Pennsylvania-based community bank holding company providing commercial, consumer, and wealth management services in PA, OH, NY, and WV. Similar mid-sized community-bank profile and full-service model.
• Howard Bancorp (subsidiary of FNB):
• F.N.B. Corporation: Multi-state community bank with Mid-Atlantic footprint (Pennsylvania, Maryland, Ohio, etc.) offering commercial, retail, and wealth services. Operates as a consolidator among Mid-Atlantic community banks, including in Shore United's footprint.
• WesBanco, Inc. West Virginia-headquartered community bank holding company with branches across OH, PA, MD, VA, and WV offering retail, commercial, and wealth services. Comparable size, full-service community bank model, and overlapping MD/VA presence.
• Atlantic Union Bankshares Corporation: Virginia-headquartered regional bank holding company offering commercial banking, mortgage, and wealth services across Virginia, Maryland, and the Carolinas — nearly identical geography, product mix, and customer profile as Shore United Bank.
• Sandy Spring Bancorp: Maryland-based community bank holding company serving MD, VA, DC, and DE with personal banking, business banking, mortgage, and wealth management. Closest direct community-bank peer by geography, scale, and product offering.
• Community Bank of the Chesapeake:

Emerging players

• LINKBANCORP / LINKBANK: Digital-forward community bank built via acquisition serving PA, NJ, MD, NY, and VA — competes with Shore United for digitally-engaged business and retail depositors in overlapping MD/VA geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks1 record

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UC6yRhEvRKKIBjR41ynF4tBw
• Facebookfacebook.com/shoreunitedbank
• LinkedInlinkedin.com/company/shore-united-bank
• Instagraminstagram.com/shoreunitedbank

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shore United Bank, N.A.