FIG Partners Advised Old Line Bancshares In $128.6 Million Acquisition Of Bay Bancorp

FIG Has Now Completed 91 M&A Transactions Totaling More Than
$3.8 Billion In Transaction Value Since Inception

ATLANTA, September 27, 2017 — Old Line Bancshares, Inc. (NASDAQ: OLBK), has announced a definitive merger agreement with Bay Bancorp, Inc.

acquisitionOld Line Bancshares will acquire Bay Bancorp for stock in a deal valued at approximately $128.6 million. This amount is subject to change based on the trading price of Old Line Bancshares common stock and the amount of after-tax income that Bay Bancorp or Bay Bank recognizes from the recent resolution of Bay Bank litigation and problem loans.

The merger consideration will be paid in newly issued shares of Old Line Bancshares common stock.

Bay Bancorp, with consolidated assets of approximately $646 million on June 30, 2017, will be merged into Old Line Bancshares, which will have consolidated assets of approximately $2.0 billion after the completion of its recent merger with DCB Bancshares, Inc. In addition, Bay Bank will merge into Old Line Bank.

The merger, anticipated to close in the second quarter of 2018, will be Old Line Bancshares’ fifth since 2011.

Craig E. Clark, Chairman of the Board of Directors of Old Line Bancshares, Inc., said, “The combination of Old Line Bank and Bay Bank will create the strongest footprint of any Maryland-based independent commercial bank serving the Baltimore/Washington corridor. The combined bank will have assets approaching $3 billion and, with full service banking offices serving Baltimore City and 11 counties, the combined institution will have the second-most banking locations in Maryland of all independent Maryland-based commercial banks.”

James W. Cornelsen, President and Chief Executive Officer of Old Line Bancshares, said, “We are extremely pleased to be joining with Bay Bank, an exceptional bank with strong dedication to its local depositors, creditors, employees, and stockholders. This partnership expands and strengthens our presence in the Baltimore market following on our initial entry in December 2015. We believe that Bay Bank and Old Line Bank share a similar set of values and we look forward to building a strong and lasting partnership that will make Old Line Bank the premier bank in the Baltimore-Washington corridor.”

The transaction was executed by Matthew Veneri, Managing Principal and Co-Head of Investment Banking.

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