Old Line Bancshares, Inc. (NASDAQ:OLBK) Files An 8-K Other Events
Item 8.01 Other Events.

At a joint meeting of the Boards of Directors (the “Boards”) of Old Line Bancshares, Inc. and its subsidiary Old Line Bank, Frank Lucente announced his resignation as Vice Chairman of the Boards effective January 1, 2018; Mr. Lucente will continue to serve as a director of both Old Line Bancshares and Old Line Bank. Mr. Lucente further nominated Gregory S. Proctor, Jr. to serve as Vice Chairman of the Boards effective January 1, 2018, and the Boards elected Mr. Proctor to serve as Vice Chairman of the Boards effective January 1, 2018.

About Old Line Bancshares, Inc. (NASDAQ:OLBK)

Old Line Bancshares, Inc. is the holding company of Old Line Bank (The Bank). The Bank is a chartered trust company engaged in commercial banking business, making various types of loans, investments and accepting deposits. It markets its financial services to small to medium sized businesses, entrepreneurs, professionals, consumers and clients. The Bank, through its division Old Line Financial Services, provides retirement planning and products, as well as investment services. Its lending activities consists of short to medium term commercial business loans, commercial real estate loans, real estate construction loans, home equity loans and consumer installment loans, both secured and unsecured. The Bank monitors its investment portfolio and it usually classifies investments in the portfolio as available for sale. It offers a range of deposit products that include demand, negotiable order of withdrawal (NOW), money market and savings accounts, as well as certificates of deposit.