SHBK Shore Finance Corp (MM)

ONLEY, Va., Jan. 23 /PRNewswire-FirstCall/ -- Scott C. Harvard, President and CEO of Shore Bank has been elected Chairman of the board of the Federal Home Loan Bank of Atlanta. Harvard was elected to the board by member financial institutions in Virginia and is serving his second three year term. (Photo: http://www.newscom.com/cgi-bin/prnh/20070123/DCTU025 ) FHLBank Atlanta is a $145 billion financial services organization that provides financing, community development grants, and other banking services to nearly 1,200 financial institutions in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of the 12 district banks in the Federal Home Loan Bank system, which was founded by Congress in 1932. Since 1990 Federal Home Loan Banks have contributed nearly $2 billion to affordable housing development in the United States. Harvard has served as President and CEO of Shore Financial Corporation (NASDAQ:SHBK) and its subsidiary, Shore Bank, since 1985 when it was located in the old blacksmith shop in downtown Accomac. He is actively involved in the community and currently serves on the boards of the Shore Memorial Hospital Endowment, Broadwater Academy, and the Virginia Association of Community Banks. He and his family live in Onancock, Virginia. http://www.newscom.com/cgi-bin/prnh/20070123/DCTU025 http://photoarchive.ap.org/ DATASOURCE: Shore Financial Corporation CONTACT: Lynn M. Badger, Special Projects Manager of Shore Financial Corporation, +1-757-787-1335 Web site: http://www.shorebank.com/

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