Shore Bank is a full-service community bank, headquartered in Onley, Virginia. It is chartered in the Commonwealth of Virginia and is a member of the Federal Reserve System. Shore Bank operates eight offices on the Eastern Shore of Virginia and Maryland, including the Counties of Accomack and Northampton in Virginia, and Wicomico and Worcester Counties in Maryland.
Since opening its headquarters in an old blacksmith shop in Accomac in 1961, the bank has continued to branch into other areas and expand service to the residents of the Eastern Shore.
Originally named Shore Savings & Loan Association, it was first chartered in 1961. In 1988, the name of the bank was changed to Shore Savings Bank. In 1992, the association converted from a Virginia-chartered savings association to a federally-chartered savings bank, and began operating under the name Shore Savings Bank, FSB. Finally, in 1998, the bank was reorganized as a Virginia chartered, Federal Reserve Member, commercial bank serving as the sole subsidiary for Shore Financial Corporation.
In June 2008 Shore Financial Corporation merged with Hampton Roads Bankshares, headquartered in Virginia Beach, Virginia. Hampton Roads Bankshares is a bank holding company that includes Shore Bank, Bank of Hampton Roads and Gateway Bank. The combined company has branches in Virginia, North Carolina and Maryland's Eastern Shore.
Hampton Roads Bankshares is a publicly traded company and can be found on the NASDAQ Global Select Market under the symbol HMPR.