Shore Bancshares Announces Charles Cullum as New CFO Following Todd Capitani's Retirement
In a significant leadership change, Shore Bancshares, Inc. (NASDAQ - SHBI), based in Easton, Maryland, has appointed Charles Cullum as the new Executive Vice President and Chief Financial Officer (CFO), effective April 21, 2025. This announcement follows the retirement of Todd L. Capitani, who has served as the company's CFO since July 2023, and before that, played a pivotal role during Shore Bancshares' merger with The Community Financial Corporation.
Transitioning Leadership
Capitani has announced his retirement plans but will remain with the company until August 15, 2025. During this transitional period, he will work closely with Cullum to ensure a smooth handover of responsibilities. This collaborative approach illustrates the commitment to maintaining stability within the financial institution during this change.
Charles Cullum brings over two decades of extensive financial expertise to his new role. Before joining Shore Bancshares, he served as the CFO of Sandy Spring Bancorp for just under a year, where he held various leadership positions, including Deputy CFO and Treasurer. Cullum’s robust background in financial management, combined with his strategic insights, is expected to be instrumental in steering Shore Bancshares towards sustained growth and innovation.
Welcoming New Perspectives
James M. Burke, President and CEO of Shore Bancshares, expressed enthusiasm for Cullum’s appointment, stating, "We are excited to welcome Charlie to our executive management team. His wealth of experience and proven leadership capabilities aligns seamlessly with our vision for the future of the company. We look forward to leveraging Charlie's strategic insights as we continue on our path of growth."
Cullum himself is looking forward to the new opportunity, stating, "I am honored and excited to join Shore Bancshares, Inc. as the Chief Financial Officer. This role provides a unique opportunity to contribute to a company that is recognized for its commitment to innovation and excellence. I am eager to work alongside the talented team here to develop financial strategies that align with the ambitious goals set forth by the organization. Together, we will build on the strong foundation that has been established and continue to achieve outstanding results."
A Fond Farewell
As Todd Capitani prepares to retire, he expressed gratitude for his time at Shore Bancshares and reflected on the journey he has had with the company. "It has been an incredible journey serving as the Chief Financial Officer of Shore and previously as CFO of Community Financial Corporation before its merger. I have greatly appreciated the opportunities and experiences I have gained alongside a dedicated team. I look forward to supporting the transition and seeing the Company's continued success."
About Shore Bancshares
Shore Bancshares, Inc. is a prominent financial holding company in Easton, Maryland, and the parent institution of Shore United Bank, N.A. The company also offers trust and wealth management services through Wye Financial Partners, a division of Shore United Bank.
As the financial landscape continues to evolve, Shore Bancshares remains focused on executing strategies that enhance shareholder value and prime the company for future successes in an increasingly competitive environment. The leadership transition marks a critical moment for Shore Bancshares, one that holds the potential for exciting developments ahead as Cullum steps into his new role positioned for impact.
Transitioning Leadership
Capitani has announced his retirement plans but will remain with the company until August 15, 2025. During this transitional period, he will work closely with Cullum to ensure a smooth handover of responsibilities. This collaborative approach illustrates the commitment to maintaining stability within the financial institution during this change.
Charles Cullum brings over two decades of extensive financial expertise to his new role. Before joining Shore Bancshares, he served as the CFO of Sandy Spring Bancorp for just under a year, where he held various leadership positions, including Deputy CFO and Treasurer. Cullum’s robust background in financial management, combined with his strategic insights, is expected to be instrumental in steering Shore Bancshares towards sustained growth and innovation.
Welcoming New Perspectives
James M. Burke, President and CEO of Shore Bancshares, expressed enthusiasm for Cullum’s appointment, stating, "We are excited to welcome Charlie to our executive management team. His wealth of experience and proven leadership capabilities aligns seamlessly with our vision for the future of the company. We look forward to leveraging Charlie's strategic insights as we continue on our path of growth."
Cullum himself is looking forward to the new opportunity, stating, "I am honored and excited to join Shore Bancshares, Inc. as the Chief Financial Officer. This role provides a unique opportunity to contribute to a company that is recognized for its commitment to innovation and excellence. I am eager to work alongside the talented team here to develop financial strategies that align with the ambitious goals set forth by the organization. Together, we will build on the strong foundation that has been established and continue to achieve outstanding results."
A Fond Farewell
As Todd Capitani prepares to retire, he expressed gratitude for his time at Shore Bancshares and reflected on the journey he has had with the company. "It has been an incredible journey serving as the Chief Financial Officer of Shore and previously as CFO of Community Financial Corporation before its merger. I have greatly appreciated the opportunities and experiences I have gained alongside a dedicated team. I look forward to supporting the transition and seeing the Company's continued success."
About Shore Bancshares
Shore Bancshares, Inc. is a prominent financial holding company in Easton, Maryland, and the parent institution of Shore United Bank, N.A. The company also offers trust and wealth management services through Wye Financial Partners, a division of Shore United Bank.
As the financial landscape continues to evolve, Shore Bancshares remains focused on executing strategies that enhance shareholder value and prime the company for future successes in an increasingly competitive environment. The leadership transition marks a critical moment for Shore Bancshares, one that holds the potential for exciting developments ahead as Cullum steps into his new role positioned for impact.
Topics Financial Services & Investing）
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