Shore United Bank entering Baltimore area with...

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Shore United Bank is acquiring three local branches from Northwest Bank, marking the Eastern Shore bank’s initial entry into the Baltimore market. The deal includes $214 million in deposits, $152 million of performing loans and $40 million of cash from Northwest Bank. Shore United Bank, a subsidiary of Easton-based Shore Bancshares Inc. (NASDAQ: SHBI), will pay an 8 percent premium on the deposits being transferred. The three Northwest Bank branches are in Elkridge, Owings Mills and Arbutus. The…