Close the merger of Severn Bancorp, Inc. into Shore Bancshares, Inc
Delivered after the deadline (31 days after the deadline)
AI-assessed · human review in progress Found and assessed by AI from the cited sources. Shown with its evidence; it is not counted in any Kept Score until confirmed.
- Announced
- 3 Mar 2021
- Due
- 30 Sep 2021
- Delivered
- 31 Oct 2021
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“The transaction is expected to close in the third quarter of 2021, subject to satisfaction of customary closing conditions, including regulatory approvals and shareholder approval”
What we found
Evidence strength A What the grades mean
The merger closed on October 31, 2021, about a month after the September 30, 2021 deadline, though regulatory approvals were received on September 27, 2021.
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A Shore Bancshares Inc. 8-K filed 2021-10-22
“the transaction is expected to be consummated effective as of October 31, 2021” ✓ confirmed on the page
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A Shore Bancshares Inc. 10-Q filed 2021-11-15
“The transaction closed on October 31, 2021, and as of that date, Severn had approximately, $1.3 billion in total assets” ✓ confirmed on the page
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A Shore Bancshares Inc. 10-Q filed 2021-11-15
“On September 27, 2021, the Company and Severn received regulatory approval from the Office of the Comptroller of the Currency” ✓ confirmed on the page
Checked 27 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Merger
- Indicative materiality
- Transformational rules
- Action
- Close
- Deliverable
- Merger with Severn Bancorp, Inc.
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- Medium
- Conditional
- Yes: subject to satisfaction of customary closing conditions; subject to regulatory approvals; subject to shareholder approval from Shore and Severn shareholders
- Depends on
- Regulatory, Shareholder
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Claude (Anthropic), read the company's later filings and recorded the outcome with a quoted passage.
Not yet confirmed. Shown on the record, but it will not count in any score until it is confirmed. How verification works
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Report an error in this entry Reference: KI-C-2021-SHBI-025044 · Corrections policy