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Old Line Bancshares gives notice of optional redemption for subordinated notes
Chicago, Oct. 12 – Old Line Bancshares, Inc. has given notice for full optional redemption for three bonds, according to a notice.
The fixed-to-floating rate subordinated variable-rate notes due Aug. 15, 2026 that are part of the notice are the $2.5 million notes (Cusip: 67984MAA8), the $1 million notes (Cusip: 67984MAB6) and the $31.5 million notes (Cusip: 67984MAC4).
The notes will be redeemed at par. Interest will be paid to the redemption date but will not accrue after the redemption date.
Bondholders must surrender their bonds by 2 p.m. ET on Nov. 15 for same-day payment, the redemption date. Otherwise, checks will be mailed out via first-class mail.
U.S. Bank NA is the trustee or agent.
The holding company of Old Line Bank is based in Bowie, Md.
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