8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Current Report Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): March 12, 2008

Old Line Bancshares, Inc.

(Exact Name of Registrant as Specified in its Charter)

Maryland	000-50345	20-0154352
(State of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

1525 Pointer Ridge Place
Bowie, Maryland	20716
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s Telephone Number, Including Area Code: 301-430-2500

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

____	Written communication pursuant to Rule 425 under the Securities Act
	(17 CFR 230.425)
____	Soliciting material pursuant to Rule 14a-12 under the Exchange Act
	(17 CRF 240.14a-12)
____	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
	(17 CFR 240.14d-2(b))
____	Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act
	(17 CFR 240.13e- 4(c))

Section 5-Corporate Governance and Management

Item 5.02 Departure of Directors or Certain Officer; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 28, 2008, the Board of Directors of Old Line Bancshares, Inc. (the “Registrant) and its wholly owned subsidiary, Old Line Bank appointed John P. Davey as a member of the Board of Directors of the Registrant and Old Line Bank effective March 27, 2008.  The appointment was contingent upon acceptance of the position from Mr. Davey.  Mr. Davey accepted the appointment on March 12, 2008.  Mr. Davey is the managing partner of the law firm O’Malley, Miles, Nylen & Gilmore, P.A. in Calverton, Maryland.  He became a Partner at O’Malley, Miles, Nylen & Gilmore, P.A. in January, 1991 and was named Managing Partner in 2000.  Mr. Davey is expected to be a member of the Asset and Liability and Nominating Committees of the Registrant and Old Line Bank, and will receive the same compensation as currently paid to our other Board members-$400 for each Board of Directors meeting, $200 for each Asset and Liability and Nominating Committee meeting, and a $250 quarterly retainer.  The Board of Directors did not elect Mr. Davey pursuant to any arrangements between Mr. Davey and the Registrant, Old Line Bank or any other person.  There are no significant transactions between Mr. Davey and the Registrant or Old Line Bank.The press release announcing Mr. Davey’s appointment to the Registrant’s Board of directors is filed as Exhibit 99.1 hereto.

Section 9 – Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(a)   Not applicable

(b)   Not applicable

(c)   Not applicable

(d)	Exhibits
	99.1  Press Release dated March 13, 2008.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	OLD LINE BANCSHARES, INC.
Date:  March 13, 2008	By:	/s/Christine M. Rush
		Christine M. Rush, Chief Financial Officer

EX-99.1

EXHIBIT 99.1

PRESS RELEASE	OLD LINE BANCSHARES, INC.
FOR IMMEDIATE RELEASE	CONTACT:
March 13, 2008	CHRISTINE M. RUSH
	CHIEF FINANCIAL OFFICER
	(301) 430-2544

Old Line Bancshares, Inc.’s Board of Directors Appoints John P. Davey as Director

Bowie, MD(March 13, 2008)Old Line Bancshares, Inc.’s Board of Director’s today announced the appointment of John P. Daveyto the Board. “We are extremely pleased to welcome Mr. Davey to our team of board members,” stated Craig Clark, Old Line Bancshares, Inc.’s Chairman of the Board. “Mr. Davey brings considerable knowledge and expertise to the role,” he continued.  Mr. Davey joins the board effective March 27, 2008 and is expected to serve on the Asset and Liability and Nominating Committees.

Mr. Davey is the managing partner of the law firm O’Malley, Miles, Nylen & Gilmore, P.A. in Calverton, Maryland.  Mr. Davey is an accomplished and effective senior executive with extensive management and leadership experience in the public and private sectors.  “John has earned the reputation as a creative business developer who is exceptionally skilled in strategic decision making,” stated James W. Cornelsen, President and Chief Executive Officer.  “His knowledge of and standing in the Washington, D.C. community and the state of Maryland are significant assets to our company and we are pleased that he has agreed to join our Board of Directors.”

Mr. Davey has a long and distinguished career in the legal profession.  Prior to joining the law firm of O’Malley, Miles, Nylen & Gilmore, P.A. in 1991, Mr. Davey served as Chief Administrative Officer, Prince George’s County.  He has also held positions as Deputy Chief Administrative Officer/Chief of Staff, Prince George’s County, Maryland, Grants Policy Specialist with the U.S. Environmental Protection Agency, Washington, D.C., and Project Manager, Comprehensive Employment and Training Program, Prince George’s County, Maryland and from 1991 to 2003 represented Prince George’s County on the Washington Metropolitan Area Transit Authority Board.  He holds a Bachelor’s degree from King’s College, Wilkes-Barre, PA., and Masters in Public Administration and Juris Doctorate degrees from the American University, and holds membership in a number of professional and community organizations, including the metropolitan Washington Board of Trade.

“I look forward to becoming a part of the Old Line Bancshares’ team and to working with the directors, officers and customers of such a distinguished, high quality and growth oriented community bank,” stated John Davey.  “Over the past several years, Old Line Bank has grown tremendously and become a prominent part of the Suburban Maryland and Prince George’s County market.  Being a part of such a well-know institution and participating in the bank’s continued growth plans is exciting to me,” he continued.

Mr. Cornelsen stated that he is also “pleased to announce the opening of Old Line Bank’s 7th branch location at 9658 Baltimore Avenue, College Park, Maryland.  We believe the opening of this branch together with the addition of John to the Board of Directors will allow us to continue to enhance our franchise value and achieve our strategic objective of becoming the premiere community bank on the eastern side of Washington, D.C.”

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 also has a branch in Bowie, Maryland, two branches in Waldorf, Maryland and four additional branches in Prince George’s County, Maryland.  The bank primarily serves the suburban areas surrounding Washington, D.C., including Prince George’s County, Anne Arundel County, Charles County, and Northern St. Mary’s county.

The statements in this press release that are not historical facts, in particular with respect to our strategic objectives, enhanced value, and the addition of directors, constitute “forward-looking statements” as defined by Federal Securities laws.  Such statements are subject to risks and uncertainties that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements.  These statements can generally be identified by the use of forward-looking terminology such as “believes,” “expects,” “intends,” “may,” “will,” “should,” “anticipates”, “plans” or similar terminology.   Actual results could differ materially from those currently anticipated due to a number of factors, including, but not limited to: receipt of required regulatory approvals and changes in interest rates and changes in economic, competitive, governmental, regulatory, technological or other factors that could affect Old Line Bancshares, Inc.’s business plans or competitive position or that otherwise require us to re-direct our focus and resources to other areas of our business than currently planned, whether they affect Old Line Bancshares, Inc. specifically or the banking industry generally. Forward-looking statements speak only as of the date they are made.  Old Line Bancshares, Inc. will not update forward-looking statements to reflect factual assumptions, circumstances or events that have changed after a forward-looking statement was made.  For further information regarding risks and uncertainties that could affect forward-looking statements Old Line Bancshares, Inc. may make, please refer to the filings made by Old Line Bancshares, Inc. with the U.S. Securities and Exchange Commission available at www.sec.gov.