Old Line Bancshares, Inc. is a holding company for Old Line Bank, with its headquarters in Bowie, Maryland. The bank has a branch in Bowie, two branches in Waldorf, and four additional branches in Prince George’s County in Maryland. Old Line Bancshares received $7 million from the Treasury in exchange for Senior Preferred shares in the company and warrants to purchase common stock on December 5, 2008.
On July 15, 2009, Old Line Bancshares returned all its bailout funds.
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Bailout Bank Bio: Old Line Bancshares
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Federal Equity Investment |
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Total Revenue |
$15.73 million (2007) |
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Net Income |
$1.58 million (2007) |
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Number of Employees |
53 |
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Corporate Headquarters |
Bowie, Maryland |
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Business Sector |
Financial Services |
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Officers and Directors |
Craig E. Clark, Chairman of the Board of the Company and the Bank James W. Cornelsen, President, Chief Executive Officer of the Company and the Bank Frank Lucente Jr., Vice Chairman of the Board of the Company and the Bank Christine M. Rush, Chief Financial Officer, EVP, Secretary of the Company and Bank & Chief Credit Officer of the Bank Gregory S. Proctor Jr., Director Daniel W. Deming, Director James F. Dent, Director John D. Mitchell Jr., Director Gail D. Manuel, Director |
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Corporate Website |
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Executive Compensation |
No federal contracts located.
No political contributions located.
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Last Updated January 13, 2009
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