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

As previously announced, Old Line Bancshares, Inc. (“Old Line”) entered into an Agreement and Plan of Merger with Bay Bancorp, Inc. (“BYBK”) on September 27, 2017, and on December 14, 2017, Adam Franchi, both individually and on behalf of a putative class of BYBK’s stockholders, filed a complaint in the United States District Court for the District of Maryland against BYBK and its directors as well as Old Line, seeking to enjoin the merger of BYBK into Old Line to the merger agreement, based primarily on allegations that the version of the joint proxy statement/prospectus that was filed with the Securities and Exchange Commission on November 22, 2017, omitted certain material information in violation of Section 14(a) of the Securities Exchange Act of 1934 and Rule 14a-9 promulgated thereunder. On March 29, 2018, the Court approved the Stipulation and Proposed Order of Dismissal (the “Stipulation”) that the parties to the litigation entered into on March 28, 2018. Accordingly, all of the plaintiff’s claims made in the complaint have been dismissed, with prejudice as to himself and without prejudice to any other member of the putative class of stockholders. This action resolves all issues raised in the litigation except for a claim for attorneys’ fees and expenses. to the Stipulation, the Court retains jurisdiction of the litigation solely for the purpose of ruling on a potential application for fees and expenses by the plaintiff’s counsel if the parties do not reach an agreement on the payment of any such fees and expenses.

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.