SHAREHOLDER ALERT: Weiss Law Investigates The Community Financial Corporation

NEW YORK, Dec. 16, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of The Community Financial Corporation ("TCFC" or the "Company") (NASDAQ: TCFC) in connection with the proposed merger of the Company with Shore Bancshares, Inc. ("Shore") (NASDAQ: SHBI).  Under the merger agreement, the Company's shareholders will receive 2.3287 shares of Shore common stock for each TCFC share, representing implied per-share consideration of $40.17 based upon Shore's December 15, 2022 closing price of $17.25.  Upon completion of the transaction, TCFC shareholders are expected to only own approximately 40% of the combined company, while Shore shareholders are expected to own approximately 60%. The transaction is valued at approximately $254.4 million.

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