Filing Details

Number of shares beneficially owned by each reporting person with:

Item 2(b) is amended and restated in its entirety as follows:

(b) Mr. Hovde is the Chairman and Chief Executive Officer of H Bancorp LLC, a $1.7 billion private bank holding company with banking operations on both the east and the west coasts of the United States, and the Chief Executive Officer of Hovde Capital Advisors, LLC, an asset management firm that focuses on investing in the financial services and real estate sectors of the public equity markets. Additionally, Mr. Hovde is the Chief Executive Officer and co-owner of Hovde Properties, LLC, a real estate development and management company where he oversees management of the company and all large development projects. The address of H Bancorp LLC is c/o Sunwest Bank, 2050 Main Street, Suite 300, Irvine, CA 92614. The address of Hovde Capital Advisors, LLC, is 122 W. Washington Ave, Suite 350, Madison, WI 53703. The address of Hovde Properties, LLC, is 122 W. Washington Ave, Suite 350, Madison, WI 53703.

Item 3 is amended to add the following:

In connection with the merger (the “Merger”) of the Company with and into Old Line Bancshares, Inc. (“Old Line”) on April 13, 2018, pursuant to the Agreement and Plan of Merger, dated as of September 27, 2017, by and between Old Line and the Company (the “Merger Agreement”), all shares of common stock of the Company owned by H Bancorp LLC, The Eric D. and Steven D. Hovde Foundation, of which Eric D. Hovde is a co-trustee, and Mr. Hovde were converted into the right to receive shares of Old Line’s common stock. The Merger and conversion of the shares of Common Stock upon consummation of the Merger did not involve payment by Mr. Hovde or any of his affiliates.

Item 4 is amended to add the following:

On April 13, 2018, pursuant to the terms of the Merger Agreement, the Company merged with and into Old Line, with Old Line as the surviving corporation. The Company ceased to exist following the Merger. Pursuant to the terms of the Merger Agreement, each share of Common Stock issued and outstanding as of immediately prior to the effective time was converted into the right to receive 0.4088 shares Old Line common stock and was cancelled and ceased to exist. As a result, upon consummation of the Merger, the shares of Common Stock beneficially owned by the reporting person were converted into the right to receive 0.4088 shares of Old Line’s common stock, and the reporting person ceased to be the beneficial owner of any shares of the Common Stock.

In connection with the closing of the Merger, the Common Stock, which previously traded under the stock symbol “BYBK,” ceased trading on, and is being delisted from, the Nasdaq Capital Market.

Item 5 is amended and restated in its entirety as follows:

a)    Upon consummation of the Merger, as described in Items 3 and 4 above, Mr. Hovde ceased to be the beneficial owner of any shares of Common Stock.

b)    Upon consummation of Merger, as described in Items 3 and 4 above, Mr. Hovde ceased to hold sole power to vote or to direct the vote, shared power to vote or direct the vote, sole power to dispose or direct the disposition of, or shared power to dispose or direct the disposition of any shares of Common Stock.

c)    Mr. Hovde did not effect any transactions in the Common Stock in the 60 days prior to the Merger.

d)    Not applicable

e)    Mr. Hovde ceased to be a beneficial owner of more than five percent of the Common Stock upon consummation of the Merger on April 13, 2018.

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