On August 9, 2021, David J. Bates provided notice of his intention to retire for personal health reasons from the Boards of Directors of Shore Bancshares, Inc. and its wholly-owned subsidiary, Shore United Bank, as well as from any committees of such Boards of Directors on which he serves, effective August 31, 2021. Mr. Bates serves as the Chair of the Executive Committee, and as a member of the Audit Committee and Nominating & Governance Committee of the Company's Board of Directors.