M&A Deal Summary

Old Line Bancshares Acquires DCB Bancshares

On February 1, 2017, Old Line Bancshares acquired financial services company DCB Bancshares for 41M USD

Acquisition Highlights
  • This is Old Line Bancshares’ 2nd transaction in the Financial Services sector.
  • This is Old Line Bancshares’ largest (disclosed) transaction.
  • This is Old Line Bancshares’ 2nd transaction in the United States.
  • This is Old Line Bancshares’ 2nd transaction in Maryland.

M&A Deal Summary
Date 2017-02-01
Target DCB Bancshares
Sector Financial Services
Buyer(s) Old Line Bancshares
Deal Type Add-on Acquisition
Deal Value 41M USD
Advisor(s) RP Financial LC (Financial)
Gordon Feinblatt LLC (Legal)

Target

DCB Bancshares

Damascus, Maryland, United States
DCB Bancshares, Inc. is the parent company of Damascus Community Bank, a Maryland chartered commercial bank with commercial banking powers headquartered in Damascus, Maryland. Damascus Community Bank has six banking locations located in its primary market areas of Montgomery, Frederick and Carroll Counties. DCB Bancshares, Inc. was formed in 1988.

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Buyer(S) 1

Buyer

Old Line Bancshares

Bowie, Maryland, United States
Category Company
Founded 1989
Sector Financial Services
Employees348
Revenue 111M USD (2018)
DESCRIPTION

Old Line Bancshares, Inc. is a parent company of Old Line a Maryland chartered commercial bank that provides financial services. Old Line Bancshares was founded in 1989 and is based in Bowie, Maryland.

DEAL STATS #
Overall 2 of 3
Sector (Financial Services) 2 of 3
Type (Add-on Acquisition) 2 of 2
State (Maryland) 2 of 3
Country (United States) 2 of 3
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-04 Regal Bancorp

Owings Mills, Maryland, United States

Regal Bancorp, Inc. is a provider of financial services.

Buy $7M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-13 Bay Bank

Lutherville, Maryland, United States

Bay Bank was placed into receivership by the FDIC and purchased through a Purchase & Assumption transaction. Bay Bank will primarily pursue organic growth in the Baltimore/Washington market with an expanding banking officer team and, over time, evaluate additional failed bank acquisitions as well as in-market consolidation opportunities. Bay Bank was founded in 2010 and is based in Lutherville, Maryland.

Buy -
Mergr

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Company

Legal