Appointment of New Director of Shore Community Bank

TOMS RIVER, N.J., Jan. 30, 2012 /PRNewswire/ -- The Board of Directors of Shore Community Bank (OTCBB: SHRC) today announced it has appointed Raymond R. Ciccone to serve on the Bank's Board of Directors. Mr. Ciccone is a Certified Public Accountant and a principal in the firm of Ciccone, Gotthold & Koseff, CPAs.  Founded in 1988, Ciccone, Gotthold & Koseff, CPAs is a full-service accounting firm with emphasis on tax services and financial planning located in Ship Bottom, NJ.  Mr. Ciccone began his career with a "Big Four" accounting firm where he specialized in the banking, manufacturing and hotel industries.

In addition to being a CPA, Mr. Ciccone maintains the AICPA designation of CFF (Certified in Financial Forensics) and has practiced public and forensic accounting for over thirty years. Mr. Ciccone received his Master of Science degree in Taxation from the Stillman Graduate School of Seton Hall University and his Bachelor of Science degree with honors from Stockton College.

Mr. Ciccone has recently been appointed by Governor Christie to serve on the Board of Trustees of the Richard Stockton College of New Jersey.  In addition, he is a member of the American Institute of Certified Public Accountants, New Jersey Society of Certified Public Accountants Litigation Support Services and a Diplomat of the American Board of Forensic Accounting.

Commenting on the appointment, Robert T. English, President and CEO of Shore Community Bank, stated, "The Board of Directors is extremely pleased with the addition of Mr. Ciccone to its ranks. His business experience and leadership will prove of great value and assistance to the Board as they continue their mission to provide a broad range of financial services to individuals and businesses in Ocean County."

Shore Community Bank operates six banking offices located in Toms River, Ortley Beach, 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