Shore Bancshares completed the merger with Community Financial for $254m.

Shore Bancshares, a bank holding company, completed the merger with Community Financial, a holding company of Community Bank of the Chesapeake, for $254m. "We have great respect for Scott, his management team and the significant organic and strategic growth built through his tenure. I am proud to succeed Scott and to lead the combined management team. We have a tremendous opportunity to deliver enhanced shareholder returns by building upon our combined bank's commitment to the success and prosperity of all our stakeholders. We will execute a business strategy with a focus on delivering exceptional customer service and increasing shareholder value while continuing to honor our community values," James M. Burke, TCFC President and CEO.