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Old Line Bank buying Damascus Community Bank for $40.7M

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Maryland Chamber member Old Line Bank, based in Bowie, is acquiring Damascus Community Bank for $40.7 million in stock.  The combined bank will have a total of about $2 billion in assets.

The purchase is the fourth by Old Line Bank in the past six years.  Back in 2015, Old Line Bank announced the purchase of Owings Mills-based Regal Bank and Trust.