Delmar Bancorp (OTCMKTS:DBCP) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.
On August 28, 2019, Delmar Bancorp (“Delmar”) entered into an amendment to its Agreement and Plan of Share Exchange (as previously amended, the “Agreement”), dated as of December 13, 2018, between Delmar and Virginia Partners Bank (“Partners”) to extend the date after which either party may terminate the Agreement from September 30, 2019 to November 30, 2019. A copy of the Amendment is included as Exhibit 2.1 attached to this report.
Item 8.01. Other Events
On August 14, 2019, Delmar and Partners issued a joint press release announcing that Partners had obtained shareholder approval of the Agreement at its special meeting of shareholders held on August 12, 2019. A copy of the press release is included as Exhibit 99.1 attached to this report.
On August 30, 2019, Delmar and Partners issued a joint press release announcing that Delmar and Partners had entered into the Amendment. A copy of the press release is included as Exhibit 99.2 attached to this report.
Item 9.01 Financial Statements and Exhibits