On July 24, 2019, Craig E. Clark, Chairman of the Board of Directors of Old Line Bancshares, Inc. and its wholly-owned subsidiary Old Line Bank, and James W. Cornelsen, President and Chief Executive Officer of the Company and Old Line Bank, received an email from Eric Hovde stating that he was resigning as a director of the Company and Old Line Bank, effective immediately. This was followed by a formal resignation letter, dated July 24, 2019, delivered to Messrs. Clark and Cornelsen on July 25, 2019. Prior to his resignation, Mr. Hovde was a member of the Strategic Opportunities Committee of the Board of Directors of the Company as well as the Company’s Risk Committee.