Old Line Bancshares, Inc. (NASDAQ:OLBK) Files An 8-K Regulation FD Disclosure

Old Line Bancshares, Inc. (NASDAQ:OLBK) Files An 8-K Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.

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On November 28, 2018, the Board of Directors (the “Board”) of Old Line Bancshares, Inc. (the “Company”) declared a dividend payment of $0.10 per common share to stockholders of record on December 14, 2018, with a payment date of December 28, 2018.

Section 8-Other Events

Item 8.01 Other Events.

On November 28, 2018, the Board approved the Company’s repurchase of up to 850,000 of its outstanding shares of common stock. This repurchase approval replaces the previous authorization for the Company to repurchase up to 500,000 shares of its common stock, approved on February 25, 2015, to which there were 160,763 shares remaining available to be repurchased, which prior authorization was terminated upon approval of the new repurchase authorization. Shares of common stock may be purchased from time to time, in open market purchases, unsolicited or solicited privately negotiated transactions, or in such other manner as will comply with applicable laws, rules, and regulations, including to a trading plan that may be adopted in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as market conditions warrant. Such stock repurchases, if and when commenced, may be suspended or discontinued at any time and for any reason. The Company is not obligated to repurchase any particular number of shares or any shares in any specified time period. Any repurchased shares will return to the status of authorized but unissued shares.


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.

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