Green Touch Builders | Old Line Bank leaving Federal Reserve oversight for FDIC
22800
post-template-default,single,single-post,postid-22800,single-format-standard,ajax_fade,page_not_loaded,,select-theme-ver-3.8.1,wpb-js-composer js-comp-ver-6.1,vc_responsive
March 9, 2015 By SEO Admin

Old Line Bank leaving Federal Reserve oversight for FDIC

Old Line Bank has withdrawn from the Federal Reserve System.

The Bowie-based subsidiary of Old Line Bancshares will now receive its primary regulatory oversight from the Federal Deposit Insurance Co. That means a new group of examiners will visit the bank to look over the books. The Fed will continue to regulate the parent holding company and the state of Maryland also will continue to keep an eye on the bank operation.

Old Line President and CEO James Cornelsen downplayed the move, announced in…