Attached files
file | filename |
---|---|
8-K - PRIMARY DOCUMENT - OLD LINE BANCSHARES INC | item502.htm |
Exhibit 99.1
Old Line Bank Announces the Retirement of Joseph E. Burnett,
Executive Vice President, Chief Lending Officer and Appoints Jack
Welborn as his Successor
Company Release – November 29, 2017
BOWIE, MD - November 27, 2017 – Old Line Bank, announced the
retirement of Joseph E. Burnett, Executive Vice President
and Chief Lending Officer. Mr.
Burnett served in the capacity of Chief Lending Officer since
joining the Bank in 2001. He joined Old Line Bank with an extensive
banking background spanning over 30 years. Over the past 16 years,
he successfully led the Old Line Bank lending team and supported
the Bank’s loan portfolio growth to its current $1.7
billion.
Additionally, on November 28, 2017, Old Line Bank announced the
promotion of Jack Welborn to serve as Chief Lending Officer,
effective January 2, 2018.
Mr. Welborn joined Old Line Bank in 2005 as a Commercial Loan
Officer with an extensive background in commercial lending in the
Greater Washington area. In the years since his hire, Mr. Welborn
has proven himself to be an exemplary business developer and team
leader. It is our belief that his background in the business and
specifically with Old Line Bank will serve the organization and its
shareholders well.
“Both Joe and Jack have contributed tremendously to the
overall success of the Bank”, said James W. Cornelsen,
President and Chief Executive Officer. “As Joe moves forward
to enjoy retirement, we look forward to Jack’s continued
success in his new position, leading our seasoned team of lending
professionals as we expand our banking and lending
footprint.”
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 28
branches located in its primary market area of suburban Maryland
(Washington, D.C. suburbs and Southern Maryland) counties of Anne
Arundel, Baltimore, Calvert, Carroll, Charles, Frederick,
Montgomery, Prince George's and St. Mary's. It also targets
customers throughout the greater Washington, D.C. metropolitan
area.
CONTACT: OLD LINE BANCSHARES, INC.
JAMES
W. CORNELSEN
PRESIDENT
& CHIEF EXECUTIVE OFFICER
(301) 430-2530