Bailout Bank Bio: Old Line Bancshares

Jan 13, 2009 | 2 min read | Print Article

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


Federal Equity Investment	$7 million
Total Revenue	$15.73 million (2007)
Net Income	$1.58 million (2007)
Number of Employees	53
Corporate Headquarters	Bowie, Maryland
Business Sector	Financial Services
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
Corporate Website	http://www.oldlinebank.com/
Executive Compensation	Old Line Bancshares