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Section 1: 8-K (FORM 8-K)

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________

Form 8-K
_____________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event Reported): February 27, 2019  

Old Line Bancshares, Inc.
(Exact Name of Registrant as Specified in Charter)

Maryland000-5034520-0154352
(State or Other Jurisdiction of Incorporation)(Commission File Number)(I.R.S. Employer Identification Number)

 

1525 Pointer Ridge Place, Bowie, Maryland 20716
(Address of Principal Executive Offices) (Zip Code)

301-430-2500
(Registrant's telephone number, including area code)

N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 [ ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 [ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 [ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 [ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company [   ]

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [   ]

 
 

Section 5 Corporate Governance and Management

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective February 27, 2019, the Boards of Directors of Old Line Bancshares, Inc. (the “Registrant”) and its wholly-owned subsidiary, Old Line Bank, appointed William Bush, as Executive Vice President of Commercial Lending. Mr. Bush has spent over 30 years in the banking industry holding various management and lending position in addition to holding a Certified Public Accountant license. Prior to joining Old Line Bank, he served as a senior lending officer with Annapolis Banking and Trust Company. Bush has worked for the Company for 12 years and served as Senior Vice President in the lending management team.

Section 9 Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

The following exhibit is filed herewith:

99.1 Press Release dated March 4, 2019.


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 Old Line Bancshares, Inc.
   
  
Date: March 4, 2019By: /s/ Elise M. Hubbard        
  Elise M. Hubbard
  Chief Financial Officer
  

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Section 2: EX-99.1 (PRESS RELEASE)

EdgarFiling

EXHIBIT 99.1

Old Line Bancshares Appoints William J. Bush as Executive Vice President of Commercial Lending

BOWIE, Md., March 04, 2019 (GLOBE NEWSWIRE) -- James W. Cornelsen, President and Chief Executive Officer of Old Line Bancshares, Inc. (NASDAQ: OLBK) and parent company to Old Line Bank, today announced the appointment of William “Bill” J. Bush as Executive Vice President of Commercial Lending for the Northern Tier of the Old Line Bank footprint. 

Bush has spent over 30 years in the banking industry holding various management and lending positions in addition to holding a Certified Public Accountant license.  Prior to joining Old Line Bank, he served as a senior lending officer with Annapolis Banking and Trust Company.  Bush has worked for the Company for 12 years and served as Senior Vice President in the lending management team, overseeing the Anne Arundel County market.  

“Old Line Bank is pleased to have Bill as part of its executive management team.  Bill’s experience in commercial lending, relationship banking development and management will serve the Bank and our customers well as we continue to make strategic moves to achieve our growth objectives,” stated James W. Cornelsen. 

About Old Line Bank
Old Line Bancshares is the parent company of Old Line Bank, a Maryland chartered commercial bank headquartered in Bowie, Maryland, approximately 10 miles east of Andrews Air Force Base and 20 miles east of Washington, D.C. Old Line Bank has 37 branches located in its primary market area of suburban Maryland (Washington, D.C. suburbs, Southern Maryland and Baltimore suburbs) counties of Anne Arundel, Baltimore, Baltimore City, Calvert, Carroll, Charles, Frederick, Harford, Howard, Montgomery, Prince George’s and St. Mary’s. It also targets customers throughout the greater Washington, D.C. and Baltimore metropolitan areas.

Old Line Bank Contact:
James W. Cornelsen
President & Chief Executive Officer
(301)-430-2530

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/af44eb47-825c-4a3a-aa8f-7c785b03b405

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