Shore Bank, a subsidiary of Hampton Roads Bankshares (HMPR) in Virginia Beach, Va., is opening its third branch on the Eastern Shore of Maryland.
The new branch will be located in Ocean City and is expected to open doors in June, according to a company release. It follows the opening of a loan production office in West Ocean City in 2012.
The $2 billion-asset Hampton Roads is the holding company for the Bank of Hampton Roads, which has offices in Virginia and North Carolina.
The Ocean City branch would be Shore Banks ninth. "Our goal is for Shore to be the leading community bank serving Delaware, the Eastern Shore of Maryland and Virginia," said Douglas Glenn, Hampton Roads president and chief executive, in a news release.