Old Line Bank buying Damascus Community Bank for $40.7M
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.