Shore Bancshares appoints Crowe LLP as new auditor, dismisses YHB after material weaknesses

SHORE BANCSHARES INC

Audit Committee approved Crowe LLP as independent auditor for FY2024, subject to standard procedures; YHB dismissed.
YHB's 2023 and 2022 financial statement reports were unqualified except for an adverse opinion on ICFR due to material weaknesses.
No disagreements with YHB on accounting principles or practices during 2022, 2023, or through May 21, 2024.
Material weaknesses in ICFR previously reported in 2023 10-K and Q1 2024 10-Q; remediation discussions ongoing.
YHB provided a letter dated May 28, 2024, agreeing with the disclosure (Exhibit 16.1).

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