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Old Line Bancshares Inc (OLBK.OQ)

OLBK.OQ on NASDAQ Stock Exchange Capital Market

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Summary

Name Age Since Current Position

Craig Clark

74 2003 Independent Chairman of the Board of the Company and the Bank

Frank Lucente

75 2003 Vice Chairman of the Board of the Company and the Bank

Elise Hubbard

45 2014 Chief Financial Officer, Senior Vice President of Company and the Bank

Mark Semanie

55 2014 Chief Operating Officer, Executive Vice President, IR Contact Officer

Joseph Burnett

71 2017 Executive Vice President and Chief Lending Officer of the Company and and Executive Vice President of the Bank

John Miller

68 2014 Executive Vice President, Chief Credit Officer

Rosie Allen-Herring

2018 Director

James Clifford

65 2017 Director

Stephen Deadrick

63 2017 Director

William Harnett

85 2013 Director

Eric Hovde

53 2018 Director

Joseph Thomas

53 2018 Director

James Dent

81 2003 Independent Director

Andre' Gingles

60 2011 Independent Director

Thomas Graham

58 2013 Independent Director

Gail Manuel

62 2003 Independent Director

Gregory Proctor

54 2004 Independent Director

Jeffrey Rivest

65 2012 Independent Director

Suhas Shah

63 2006 Independent Director

John Suit

73 2007 Independent Director

Frank Taylor

67 2011 Independent Director

Biographies

Name Description

Craig Clark

Mr. Craig E. Clark is Independent Chairman of the Company, Mr. Clark is a founder of Old Line Bank. He has served as Chairman of the Board of Directors of Old Line Bank since 1994 and of Old Line Bancshares since its incorporation in 2003 and has served as a member of the Board of Directors of Old Line Bank since 1988. Mr. Clark is a member of each of the Board of Directors’ committees with the exception of the Loan Committee and Risk Committee. The Board of Directors of Old Line Bancshares and Old Line Bank believe that Mr. Clark’s experience managing and operating his own business, his affiliations within the local community and his active involvement in the founding and oversight of Old Line Bank uniquely qualify him to be Chairman and a member of the Board of Directors. Mr. Clark demonstrates his commitment through his involvement in all levels of Board governance. He additionally lends his expertise and experience to a myriad of special projects including but not limited to business development, branch expansion and overall asset growth.

Frank Lucente

Mr. Frank Lucente, Jr., is Vice Chairman of the Board of the Company., and its wholly owned subsidiary, Old Line Bank. He is President of Lucente Enterprises, Inc., an investment holding company which he established in 1985. Mr. Lucente serves as Director for Peoples National Bank and Suburban Bank (also known as Columbia Bank). He previously served as a director for Prince George’s Community College and Center for the Aging. He is currently a partner in Chesapeake Custom Homes, Diamond Custom Homes and Heritage Investment Company. He has also been a partner in Robin Hood Homes, Diamond Development, Kings Grant, Inc., Regent Construction Company, Diamond Renovations, Diamond Utilities and Bay of America (which is now National Harbor). Mr. Lucente has been a partner in entities that have built over 800,000 square feet of commercial office spaces and has been involved in the construction and development of over 5,700 homes in the Washington Metropolitan Area. Mr. Lucente resides in Palm Beach County, Florida and Edgewater, Maryland. He has been a member of the Board of Directors of Old Line Bank since 2002 and Old Line Bancshares, Inc. since its incorporation in 2003. He has served as Vice Chairman of the Board of Directors of Old Line Bancshares, Inc. and Old Line Bank since 2003. He is currently a member of the Loan Committee.

Elise Hubbard

Ms. Elise Hubbard is Chief Financial Officer, Senior Vice President of the Company. Ms. Hubbard has held various positions at the Bank, including Vice President, Assistant Vice President, Senior Accountant and Accounting Administrator. She was promoted to Senior Vice President and Chief Financial Officer of Old Line Bank and Old Line Bancshares in April 2014 and to Executive Vice President in 2018. She holds a B.S. in Accounting with minors in Business Management and Human Resources from the University of Maryland.

Mark Semanie

Mr. Mark A. Semanie is Chief Operating Officer, Executive Vice President of the Company. He was appointed Chief Operating Officer in May 2013. Prior to joining Old Line Bank, Mr. Semanie had served as Chief Financial Officer of Carrollton Bancorp and Senior Vice President and Chief Financial Officer of Carrollton Bank, located in Columbia, Maryland, since January 2010. Prior to that he was a self-employed business consultant specializing in the financial services industry from January – December 2009 and was Executive Vice President and Chief Financial Officer for Bay National Bank from October 2000 through December 2008. Mr. Semanie passed the CPA exam in 1985 and worked in public accounting from 1985 until 1993.

Joseph Burnett

Mr. Joseph E. Burnett is Executive Vice President and Chief Lending Officer of the Company and Executive Vice President of the Bank. He joined Old Line Bank as a Senior Vice President and Chief Lending Officer in August 2001 and was promoted to Executive Vice President in May 2006. He is also an Executive Vice President of Old Line Bancshares, Inc. He has over 48 years of banking experience in the Washington, D.C. metropolitan area specializing in commercial transactions. Prior to joining Old Line Bank, Mr. Burnett was a Senior Vice President in Commercial Lending at Farmers Bank for two years (1999-2001) and at Suburban Bank for 12 years (1987-1999).

John Miller

Mr. John Miller is Executive Vice President, Chief Credit Officer of the Company. He was hired in 2011 as Senior Vice President of Old Line Bank. Mr. Miller is also responsible for managing the special assets at Old Line Bank. Prior to joining Old Line Bank, he was a Senior Vice President for Commercial Real Estate Lending and Special Assets at Bank Annapolis from 2007-2010. From 1998-2007, he was a Senior Vice President of Commercial Real Estate Lending at Annapolis Bank & Trust. Mr. Miller has also developed residential property including custom waterfront homes. He has over 40 years of banking and real estate development experience.

Rosie Allen-Herring

Ms. Rosie Allen-Herring is Director of the Company. Ms. Allen-Herring has been President and CEO of United Way NCA which serves to impact our communities through education, health and financial stability initiatives. Prior to this, she was a Finance and Investment Executive with Fannie Mae Corporation for over twenty-one years. Her final role at Fannie Mae was Managing Director of the Community Investment and Engagement Division leading the company’s philanthropy efforts nationwide. Ms. Allen-Herring assists in key leadership roles with several organizations including serving on the Board of Directors for the Greater Washington Board of Trade, Washington Area Women’s Foundation and MedStar Health, Inc. Ms. Allen-Herring holds a B.A. in Economics from Howard University, an M.B.A. from Strayer University and was an International Fellow of the United States-Southern Africa Center for Leadership and Public Values at the University of Cape Town (SA) Graduate School of Business and Duke University Graduate School of Public Policy. She is also a graduate of the Harvard Business School’s Strategic Perspectives in Non-profit Management Program.

James Clifford

Mr. James R. Clifford, Sr. is Director of the Company. Mr. Mr. Clifford is a land use attorney focusing on development and commercial projects in Montgomery County, Maryland. In this regard, he advises property owners regarding the development potential of their individual property and property assemblages, the possibility of preservation easements, estate planning and contract negotiations relating to property sales. He has been a partner in the law firm of Clifford Debelius Boynton & Hyatt in Gaithersburg, Maryland, since 1983, including 15 years as outside counsel for Union Home Loan. He served as a director of DCB Bancshares and Damascus Community Bank from 2007 until July 28, 2017, when they merged into Old Line Bancshares and Old Line Bank, respectively. Mr. Clifford is also a part-time farmer in Montgomery County and previously served for six years on the Montgomery County Agricultural Advisory Committee and is the former Chairman of the Real Property Review Board for Montgomery County. He is also a former Board Member and District Chair of the National Capital Area Council Boy Scouts of America, former Scout Master and former Eagle Advisor for local Boy Scout Troop 1094 in Darnestown, Maryland. Mr. Clifford is a land use attorney focusing on development and commercial projects in Montgomery County, Maryland. In this regard, he advises property owners regarding the development potential of their individual property and property assemblages, the possibility of preservation easements, estate planning and contract negotiations relating to property sales. He has been a partner in the law firm of Clifford Debelius Boynton & Hyatt in Gaithersburg, Maryland, since 1983, including 15 years as outside counsel for Union Home Loan. He served as a director of DCB Bancshares and Damascus Community Bank from 2007 until July 28, 2017, when they merged into Old Line Bancshares and Old Line Bank, respectively.

Stephen Deadrick

Mr. Stephen J. Deadrick is Director of the Company. He has owned Day, Deadrick, & Marshall, Inc., an independent insurance agency that employs 20 people in Beltsville, Maryland, since 1991. Mr. Deadrick has worked in the insurance industry as an independent agent for 39 years. He also owns DDM Real Estate Ventures, LLC. Mr. Deadrick served as a director of DCB Bancshares and Damascus Community Bank from 1999. He was elected to serve as Chairman of the Personnel/Compensation Committee in 2003, where he continued to serve in that position until 2015 when he was elected to be Chairman of the Board. In 2016, he was elected to serve as Chairman of the board of DCB Bancshares, and continued to serve until July 28, 2017, when they merged into Old Line Bancshares and Old Line Bank, respectively.

William Harnett

Mr. William J. Harnett is Director of the Company. He was a Director of WSB Holdings, Inc. since its formation in January 2008, served as a Director of The Washington Savings Bank, F.S.B. since its inception in 1982 and served as Chairman of the Board from 1988 until May 10, 2013, when they merged into Old Line Bancshares, Inc. and Old Line Bank, respectively. He also served as Chief Executive Officer of The Washington Savings Bank from 1988 until he retired as Chief Executive Officer in February 2005. He also was founder, Chairman and Chief Executive Officer of Washington Homes, Inc., before it was sold in 1988.

Eric Hovde

Mr. Eric D. Hovde is Director of the Company. He is an active entrepreneur who has started and managed numerous business enterprises. Mr. Hovde is the Chairman and Chief Executive Officer of H Bancorp LLC, a $1.8 billion private bank holding company with banking operations on both the east and the west coasts of the United States. Additionally, Mr. Hovde serves as Chief Executive Officer and co-owner of Hovde Properties, LLC, a real estate development and management company where he oversees management of the company and all large development projects. Mr. Hovde also founded and previously managed Hovde Financial, an investment banking company, and Hovde Captial, an asset management company. Throughout his career he has also served as a director on numerous bank boards and currently serves as the Chief Executive Officer of Sunwest Bank in Orange County, California. Additionally, Mr. Hovde is a significant stockholder and board member of ePlus, Inc., a leading value-added reseller and lessor of technology products and services. Mr. Hovde, along with his brother, created and funds the Hovde Foundation, an organization that actively supports two central missions – clinical research to find a cure for Multiple Sclerosis and charitable relief for children in desperate need. The Foundation has established Hovde Houses throughout many countries around the world. He earned his degrees in Economics and International Relations at the University of Wisconsin. Mr. Hovde served as a director of Bay Bancorp and Bay Bank from September 2013 until April 13, 2018, when they merged into Old Line Bancshares and Old Line Bank, respectively.

Joseph Thomas

Mr. Joseph J. Thomas is Director of the company. He is served as a director of Bay Bank since its founding in 2010 and Chairman of Bay Bancorp from April 2013 until December 2014 when he became President and CEO of Bay Bancorp and Bay Bank; he held these positions until the merger of Bay Bancorp into Old Line Bancshares and Bay Bank into Old Line Bank on April 13, 2018, and was elected as a director of Old Line Bancshares and Old Line Bank on such date. Mr. Thomas was previously Managing Director of Hovde Private Equity Advisors and Financial Services Partners Fund I, a private equity fund dedicated to investing in financial services companies and community banks. Previously, Mr. Thomas enjoyed a distinguished 20-year career with Wachovia Corporation. Mr. Thomas was Managing Director and Head of Financial Institutions Investment Banking for Wachovia Securities. In this role, he was responsible for all mergers and acquisitions, equity capital markets, private equity, fixed income and corporate banking activities with U.S. banks, asset management firms, insurance companies, and specialty finance clients. Over the course of his career at Wachovia, Mr. Thomas held a range of corporate finance, capital markets and investment management positions. Mr. Thomas holds a Masters of Business Administration degree from Fuqua School of Business at Duke University and a Bachelor of Arts degree from the University of Virginia. In addition, Mr. Thomas is a Chartered Financial Analyst and a member of the CFA Society of Washington, DC and a National Association of Corporate Directors Governance Fellow. Mr. Thomas also serves on the Federal Delegate Board of the Independent Community Bankers of America.

James Dent

Mr. James F. Dent is Independent Director of the Company. He also served as a member of the Board of Directors of Old Line Bancshares since its 2003 incorporation. Mr. Dent was a successful businessman, owning and operating an award-winning State Farm Insurance Agency from 1961 until his retirement in 2006. Additionally, he served on the boards of, and led various non-profit, charitable and service organizations, chaired the Charles County Economic Development Commission and was president of the Maryland Association of Counties, was appointed to lead other county and state commissions/committees, and served as county commissioner for Charles County for eight years. Mr. Dent currently serves on the Loan and Compensation Committees. The Board of Directors believes that Mr. Dent’s more than 50 years’ successful experience in the insurance industry in our market area, his active involvement in the founding and continued oversight of Old Line Bank, and his extensive experience providing community leadership uniquely qualify him for his membership on the Board of Directors of Old Line Bancshares and Old Line Bank.

Andre' Gingles

Mr. Andre' J. Gingles is Independent Director of the Company., and its wholly owned subsidiary, Old Line Bank. Mr. Gingles’ practice concentrates on large mixed use projects involving land use, zoning and government relations. He has been a member of the Board of Directors of Old Line Bancshares and Old Line Bank since 2011. Mr. Gingles is an accomplished and effective senior executive with extensive management and leadership experience in the public and private sectors. Mr. Gingles has served in the Prince George’s County Government in multiple capacities and provides counsel to several metropolitan real estate development companies on a variety of business and land use issues. He holds a bachelor’s degree from Howard University, Washington, D.C. and a Juris Doctor degree from Southern University Law Center, Baton Rouge, LA. He holds membership in a number of professional and community organizations including serving as Chairman of the Foundation Schools and Past Chairman of Trial Courts Judicial Nominating Commission for District 13, Prince Georges County, Maryland. The Board of Directors believes that Mr. Gingles’ extensive knowledge of Old Line Bank’s market areas and familiarity with businesses located in those areas provides significant assistance to Old Line Bank in achieving business development goals and market growth. Currently, he is a member of the Asset and Liability and the Corporate Governance Committees. His experience working with local government and his extensive legal background provide additional insight to the Board with regard to future planning and strategic development.

Thomas Graham

Mr. Thomas H. Graham is Independent Director of the Company. He also served as a member of the Board of Directors of Old Line Bancshares since its 2003 incorporation. Mr. Dent was a successful businessman, owning and operating an award-winning State Farm Insurance Agency from 1961 until his retirement in 2006. Additionally, he served on the boards of, and led various non-profit, charitable and service organizations, chaired the Charles County Economic Development Commission and was president of the Maryland Association of Counties, was appointed to lead other county and state commissions/committees, and served as county commissioner for Charles County for eight years. Mr. Dent currently serves on the Loan and Compensation Committees. The Board of Directors believes that Mr. Dent’s more than 50 years’ successful experience in the insurance industry in our market area, his active involvement in the founding and continued oversight of Old Line Bank, and his extensive experience providing community leadership uniquely qualify him for his membership on the Board of Directors of Old Line Bancshares and Old Line Bank.

Gail Manuel

Ms. Gail D. Manuel is Independent Director of the Company. She is a past member of the Board of Directors of the Charles County Chamber of Commerce, a member of the Charles County Planning Commission and past President of Charles County Zonta Club and a member of “Talbots” Advisory Board. The International Cemetery, Cremations & Funeral Association presented Ms. Manuel with the prestigious “KIP” (Keeping It Personal) award for Best Business and Consumer Practices in the death care industry. She resides in Welcome, Maryland. She has been a member of the Board of Directors of Old Line Bank since 1992 and Old Line Bancshares since its incorporation in 2003. Ms. Manuel serves on the Asset and Liability, Risk and Compensation Committees. The Board of Directors of Old Line Bancshares and Old Line Bank believe that Ms. Manual’s qualifications for serving on the Board of Directors of Old Line Bank and Old Line Bancshares include her many years of active involvement with the Board of Directors, her experience owning and operating a small business in our market area and her long standing affiliations with the local business community.

Gregory Proctor

Mr. Gregory S. Proctor, Jr., is Independent Director of the Company. He resides in Upper Marlboro, Maryland. He has been a member of the Board of Directors of Old Line Bancshares and Old Line Bank since 2004. He currently serves on the Loan and Compensation and Corporate Governance Committees. The Board of Directors believes his qualifications to serve as a director of Old Line Bank and Old Line Bancshares, Inc. include his legislative knowledge, his management and consulting skills and his business affiliations in our market area.

Jeffrey Rivest

Mr. Jeffrey A. Rivest is Independent Director of the Company., effective September 26, 2012. In this position he was responsible for all aspects of organizational strategy and operations for a 750 bed academic medical center with 7,000 employees. From 1988 through 2004, he held several positions at The Children’s Hospital of Philadelphia, starting with Senior Vice President for Clinical and Ambulatory Service, moving on to Executive Vice President and Chief Operating Officer and finishing his time there as Executive Vice President and Chief Operating Officer. Mr. Rivest has previously served on multiple boards including the Maryland Medicine Comprehensive Insurance Program, the University of Maryland Medical Center, the University Specialty Hospital, the University of Maryland College Park Foundation, the Maryland Highway Safety Foundation, United Way of Central Maryland, and the Maryland Hospital Association Executive Committee of the Board of Trustees. Mr. Rivest currently serves as a board member for the Horizon Foundation, the University of Maryland School of Public Health, and the University of Maryland Alumni Association. He also serves as a board member and senior partner with C-Suite Solutions, LLC. Mr. Rivest has served as a director of Old Line Bancshares and Old Line Bank since 2012 and currently serves on the Old Line Bank/Old Line Bancshares Corporate Governance Committee, Risk Committee, Audit Committee and Compensation Committee. He also previously served on the Asset and Liability Committee. The Board of Directors believes that Mr. Rivest’s qualifications to serve on the Board center on his extensive management and strategic organizational experience. With local roots and numerous affiliations in the business community, Mr. Rivest provides invaluable business development opportunities to our organization.

Suhas Shah

Mr. Suhas R. Shah, CPA, is Independent Director of the Company. Source One Business Services, LLC, provides cash flow and budgeting analysis, computer consulting and tax planning and preparation for corporations, partnerships, individuals, estates and trusts, as well as litigation support, financial forecasts, merger and acquisitions and advisory services to a variety of clients. Regan Schickner Shah Harper LLC, is a certified public accounting firm that provides audit and review services to business enterprises. Mr. Shah resides in Marriottsville, Maryland. He has been a member of the Board of Directors of Old Line Bancshares. Inc. and Old Line Bank since 2006. He currently serves on the Asset and Liability Committee, Risk Committee and as Chair of the Audit Committee. The Board of Directors believes that Mr. Shah’s qualifications for these positions and for his service on the Board includes his educational background, extensive experience with public and financial accounting matters, his financial expertise, his accounting certification and his affiliations with the business community in our market area.

John Suit

Mr. John M. Suit, II, is Independent Director of the Company. From 1996 until 2003, Mr. Suit served as Chairman of the Board of Farmers Bank of Maryland. Mr. Suit also served as President, CEO and Director of Farmers National Bancorp and Farmers National Bank of Maryland from 1989 to 1996. Mr. Suit lives in Annapolis, Maryland. He has served on the Board of Directors of Old Line Bancshares and Old Line Bank since 2007. He currently serves on the Audit, Corporate Governance, Loan, and Compensation Committees. The Board of Directors believes his qualifications for these positions, including his service as a director, include his financial expertise resulting from his prior Chairman and executive officer positions and his leadership in the banking industry.

Frank Taylor

Mr. Frank Taylor is Independent Director of the Company. He is the President of Taylor Gas Company, Inc., a family business founded in 1950 which markets propane throughout the lower part of Southern Maryland. Mr. Taylor has held the position of President since 1982. He served on the Board of Directors for Maryland Bank and Trust Company, N.A. from 1995 until its merger with Old Line Bank in 2011. He previously served on the Board of Governors of the Calvert Marine Museum and currently serves on their Finance Committee. He has also served on a variety of other Boards and Commissions including the United States Navy League, Three Oaks Center, Mid-Atlantic Propane Gas Association, National Propane Gas Association, St. Mary’s County Chamber of Commerce and The St. Mary’s County Planning Commission.