Old Line Bank

Old Line Bank was originally established as Old Line National Bank on September 28, 1989. The bank underwent several transformations throughout its history, including a name change to Old Line Bank on June 29, 2002. At that time, the institution also transitioned to a state-chartered bank, becoming a member of the Federal Reserve System. Over the years, Old Line Bank expanded through multiple acquisitions, notably including Maryland Bank and Trust Company in April 2011, The Washington Savings Bank in May 2013, Regal Bank & Trust in December 2015, Damascus Community Bank in July 2017, and Bay Bank in April 2018. In March 2015, Old Line Bank withdrew from membership in the Federal Reserve System and changed its primary federal regulatory agency to the Federal Deposit Insurance Corporation (FDIC). Ultimately, on November 22, 2019, Old Line Bank merged with WesBanco Bank, Inc., which is based in Wheeling, West Virginia, marking the end of its independent operations.

Below is a list of some important events in banks history, including mergers and acquisitions.

1989-09-28Institution established. Original name: Old Line National Bank.

1999-07-12Main Office moved to 2995 Crain Highway, Waldorf, MD 20601.

2002-06-29Changed Chartering Agency to State.

2002-06-29Changed Bank Class to State Chartered Bank, member of the Federal Reserve System (FRS).

2002-06-29Changed Primary Federal Regulatory Agency to FED.

2002-06-29Changed Institution Name to Old Line Bank.

2006-07-10Main Office moved to 1525 Pointer Ridge Place, Bowie, MD 20716.

2011-04-01Acquired Maryland Bank and Trust Company, National Association in Lexington Park, MD.

2013-05-10Acquired The Washington Savings Bank, Fsb in Bowie, MD.

2015-03-06Institution withdraws from membership in the Federal Reserve System.

2015-03-06Changed Bank Class to State Chartered Bank, not member of the Federal Reserve System (FRS).

2015-03-06Changed Primary Federal Regulatory Agency to FDIC.

2015-12-05Acquired Regal Bank & Trust in Owings Mills, MD.

2017-07-29Acquired Damascus Community Bank in Damascus, MD.

2018-04-14Acquired Bay Bank, Fsb in Columbia, MD.

2019-11-22Merged and became part of WesBanco Bank, Inc. in Wheeling, WV.