SHBK Shore Finance Corp (MM)

ONLEY, Va., May 10 /PRNewswire-FirstCall/ -- The Board of Directors of Shore Financial Corporation (NASDAQ:SHBK) has authorized a stock repurchase plan in which management is authorized to repurchase up to 125,000 of its outstanding common stock. This authorization will expire on May 8, 2008. Shore Financial Corporation is a bank holding company operating seven branches on the Eastern Shore of Virginia and Maryland through its wholly owned subsidiary, Shore Bank. For more information on stock, products and services, visit http://www.shorebank.com/. This press release may contain "forward-looking statements," within the meaning of federal securities laws that involve significant risks and uncertainties. Statements herein are based on certain assumptions and analyses by the company and are factors it believes are appropriate in the circumstances. Actual results could differ materially from those contained in or implied by such statements for a variety of reasons including, but not limited to: changes in interest rates; changes in accounting principles, policies, or guidelines; significant changes in economic conditions; significant changes in regulatory requirements; and significant changes in securities markets. Consequently, all forward-looking statements made herein are qualified by these cautionary statements and the cautionary language in the company's most recent Form 10-K report and other documents filed with the Securities and Exchange Commission. Shore Financial Corporation does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made. DATASOURCE: Shore Financial Corporation CONTACT: Lynn M. Badger of Shore Financial Corporation, +1-757-787-1335, Web site: http://www.shorebank.com/

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