Old Line Bancshares Inc. announced that it has priced its previously-disclosed offering of $35 million aggregate principal amount of its 5.625% Fixed-to-Floating Rate Subordinated Notes due 2026. The notes are being offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and to certain institutional accredited investors as defined in Rule 501 under Regulation D of the Securities Act. The notes will bear interest at a fixed rate of 5.625% per annum for the first five years after issuance; thereafter and through maturity or earlier redemption the interest rate on the Notes will reset quarterly to an annual interest rate equal to the then-current three-month LIBOR rate plus 450.2 basis points. The sale of the notes is expected to close on August 15, 2016, subject to customary closing conditions. The company intends to use the net proceeds from the sale of the notes to fund its anticipated purchase of the remaining 37.5% interest in Pointer Ridge Office Investments, LLC, of which it currently owns 62.5%, to repay certain indebtedness and for general corporate purposes, including to fund future growth. The offer and sale of the notes have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction and, unless so registered, may not be offered or sold in the United States absent registration or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes are, however, subject to registration rights.