Shore Community Bank Announces New Board Member

TOMS RIVER, N.J., Oct. 17, 2014 /PRNewswire/ -- The Board of Directors of Shore Community Bank (OTCQB:SHRC) has announced  the appointment of  Thomas Hourigan to serve on the  Board of  Directors.  Mr. Hourigan is the Operating Company President for USI Insurance Services, a leading national insurance brokerage and consulting firm, based in Toms River, NJ.  Mr. Hourigan is also affiliated with Community Medical Center, Ocean County College Foundation, and St. Joseph's Church and schools.

Mr. Hourigan is a long-life resident of Toms River and has many years of experience in the insurance field.  He has received special recognition for his foresight and hard work from Monmouth and Ocean counties and has been involved in numerous community activities and organizations, such as his current service as the Vice Chairman of Board of Trustees for the Community Medical Center, a member of the Executive Board of the Ocean County College Foundation and a member of the Finance Committee of St. Joseph's Church and Schools.

Jerry Boisseau, Chairman of the Board of Shore Community Bank stated, "Mr. Hourigan has been and continues to be a strong influential community leader for many years in many different venues.  His commitment to the Board of Directors brings additional depth.  His background and vast community involvement will assist in leading the Bank with our mission of continued growth.  He will continue to be a strong ambassador for Shore Community Bank."

Commenting on the appointment, Robert T. English, President and CEO stated, "By virtue of Mr. Hourigan's decade long service as a member of our Toms River Advisory Board, he is uniquely positioned to join the Board of Directors.  Toms is a resident of Toms River and an accomplished insurance industry professional having managed his own company for over 20 years.  Tom has a thorough understanding of the Bank's history and mission statement and I look forward to his contributions in the years to come." 

Shore Community Bank operates five banking offices located in Toms River, Jackson and Manahawkin, New Jersey.  The Bank was founded in 1997 by a group of local business leaders with the objective of returning community based banking to the Toms River, Ocean County, New Jersey area.

Information in this release relating to Shore Community Bank's future prospects which are forward-looking statements involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, the following: (1) operating, legal and regulatory risks, such as continued levels of loan quality and origination volume, continued relationships with major customers and technological changes; (2) economic, political and competitive forces affecting our banking business, such as changes in economic conditions, especially in our market area, interest rate fluctuations, competitive product and pricing pressures within our market, personal and corporate bankruptcies, monetary policy and inflation; (3) our ability to grow internally or through acquisitions; and (4) the risk that management's analyses of these risks and forces could be incorrect and/or that the strategies developed to address them could be unsuccessful. Forward-looking statements may be identified by the use of words such as "expects," "believe," "will," "intends," "will be," or "would." Shore Community Bank assumes no obligation to update the forward looking information in this announcement, except as required under applicable law.

SOURCE Shore Community Bank