So, I've been banking with Damascus Community Bank for the past five years. I like to bank local and small. I'm of the opinion that when a bank goes public shareholder-wise (ie, publicly traded) that the focus then becomes price per share and not "how should we do business responsibly."
Well, a few months back, DCB notified its customers that they were in the regulatory process of "merging" with Old Line Bank and that the DCB name would cease to exist with all DCBs becoming Old Line Banks for the low low price of 11.9 Million in OLB common stock shares going to the private shareholders of DCB as compensation for their cooperation. OLB is publicly traded so that leaves me with a conundrum. Do I stick with them and see how it goes, or find another bank or credit union to join.
So, anyone here use Old Line? Barring that, anyone use Mid-Atlantic FCU, Educational Systems FCU, or SECU? How would you rate them?
Well, a few months back, DCB notified its customers that they were in the regulatory process of "merging" with Old Line Bank and that the DCB name would cease to exist with all DCBs becoming Old Line Banks for the low low price of 11.9 Million in OLB common stock shares going to the private shareholders of DCB as compensation for their cooperation. OLB is publicly traded so that leaves me with a conundrum. Do I stick with them and see how it goes, or find another bank or credit union to join.
So, anyone here use Old Line? Barring that, anyone use Mid-Atlantic FCU, Educational Systems FCU, or SECU? How would you rate them?
