BOWIE, Md., Feb. 1, 2011 (GLOBE NEWSWIRE) -- Old Line Bancshares, Inc. (Nasdaq:OLBK), the parent company of Old Line Bank, today announced that it has completed the sale of 776,872 shares of its common stock at a price of $8.25 per share to accredited investors. Old Line Bancshares, Inc. has received proceeds of approximately $6.3 million after expenses as a result of the private placement. Old Line Bancshares, Inc. intends to use the proceeds of the offering for additional working capital and other general corporate purposes.
Old Line Bancshares, Inc. Announces Completion Of Private Placement
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