BOWIE, Md., July 05, 2016 (GLOBE NEWSWIRE) -- Old Line Bancshares, Inc. (Nasdaq:OLBK), the parent company of Old Line Bank, today announced plans of the Bank to realign branch offices within its footprint, which includes the closing and consolidation of three branches. The branches to be closed on approximately September 30, 2016 are Accokeek, Bowie-Mitchellville Road and Odenton. All of these branches have existing Old Line Bank branches within close proximity.

The planned closings and consolidations are a result of an evaluation that measured near-term growth potential in the current locations as well as the Bank's ability to continue to service clients' needs at nearby locations.

"Making the decision to consolidate branches is never an easy one," said James W. Cornelsen, President and Chief Executive Officer of Old Line Bancshares, Inc. "We carefully considered our client needs while maximizing efficiencies and ensuring the future growth of the Bank. It is important that our branch locations are positioned with the highest possible visibility and client concentration to be cost effective.”

"We believe these decisions underscore our commitment to increasing shareholder value, and we are confident in our ability to continue to serve our customers throughout our footprint," Cornelsen concluded.

Old Line Bancshares, Inc. is the parent company of Old Line Bank, a Maryland chartered commercial bank headquartered in Bowie, Maryland, approximately 10 miles east of Andrews Air Force Base and 20 miles east of Washington, D.C. Old Line Bank has 24 branches located in its primary market area of suburban Maryland (Washington, D.C. suburbs, Southern Maryland and Baltimore suburbs) counties of Anne Arundel, Baltimore, Calvert, Carroll, Charles, Montgomery, Prince George's and St. Mary's. It also targets customers throughout the greater Washington, D.C. and Baltimore metropolitan areas.