Old Line Bancshares Stock Company Profile

Description

Old Line Bancshares, Inc. operates as the bank holding company for Old Line Bank that provides banking products and services to small and medium size businesses, entrepreneurs, professionals, consumers, and high net worth clients. The company accepts various deposit products, such as demand, NOW, money market, and savings accounts, as well as certificates of deposit. Its loan products include lines of credit, revolving credit facilities, accounts receivable financing, term and equipment loans, small business administration loans, standby letters of credit, and unsecured loans; commercial real estate loans; funds for the construction of single family residences and pre-sold homes, and loans for multi-family housing, as well as home equity and home improvement loans; land acquisition and development loans; and consumer installment loans. The company also provides safe deposit boxes, wire transfer services, debit and prepaid cards, automated teller machine services, credit cards, and Internet and mobile banking services; and investment services, including investment management, estate and succession planning, and brokerage services. In addition, it provides commercial account services comprising direct deposit of payroll, overnight sweep, lockbox, and remote deposit capture. As of December 31, 2015, the company operated 23 branches and 9 loan production offices in suburban Maryland counties of Anne Arundel, Calvert, Charles, Prince George’s, Montgomery, and St. Mary’s; and Baltimore and Carroll. Old Line Bancshares, Inc. was founded in 1989 and is headquartered in Bowie, Maryland.