** Old Line Bancshares, Inc. (Nasdaq:OLBK) and WSB Holdings, Inc. (Nasdaq:WSB) reported the execution of a definitive merger agreement that provides for the acquisition of WSB by OLBK for approximately $49 million, or approximately $6.12 per share, in cash and stock, subject
Online PR News – 12-September-2012 – Las Vegas, NV – OLBK, Old Line Bancshares, Inc. WSB, WSB Holdings, Inc.
OLBK and WSB reported the execution of a definitive merger agreement that provides for the acquisition of WSB by OLBK for approximately $49 million, or approximately $6.12 per share, in cash and stock, subject to adjustment. OLBK, with assets of $846 million and nineteen banking locations, and WSB, with assets of $374 million and five banking locations, both serve the greater Washington DC area as well as southern Maryland and Anne Arundel County. The combination will create a $1.2 billion banking institution serving the largest, healthiest and fastest growing market in the nation. OLBK operates as the holding company for Old Line Bank that provides commercial banking services in Maryland. It offers various deposit products, including demand, negotiable order of withdrawal, money market, time, and savings accounts, as well as certificates of deposit. More about OLBK at www.oldlinebank.com WSB operates as the holding company for The Washington Savings Bank, F.S.B. that provides various commercial banking products and services to middle income individuals, and small and middle income businesses in the United States. More about WSB at www.twsb.com
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