UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 17, 2019
Delmar Bancorp
(Exact name of registrant as specified in its charter)
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Maryland |
033-21202 |
52-1559535 |
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(State or other jurisdiction |
(Commission file number) |
(IRS Employer |
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of incorporation) |
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2245 Northwood Drive, Salisbury, Maryland 21801
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (410) 548-1100
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities Registered under Section 12(b) of the Act: None
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01.Other Events
On September 18, 2019, Delmar Bancorp announced the declaration, on September 17, 2019, of a cash dividend of $0.025 per share, payable on October 8, 2019, to holders of record of its common stock as of the close of business on September 27, 2019. A copy of the press release announcing the dividend is included as Exhibit 99.1 attached to this report.
Item 9.01Financial Statements and Exhibits
(d) Exhibits.
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Number |
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Description |
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99.1 |
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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.
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DELMAR BANCORP |
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By: |
/s/ John W. Breda |
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John W. Breda, President &Chief Executive Officer |
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Dated: September 18, 2019 |
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Exhibit 99.1
PRESS RELEASE
DELMAR BANCORP ANNOUNCES DECLARATION OF DIVIDEND
SALISBURY, MD – September 18, 2019 - Delmar Bancorp, Salisbury, Maryland (“Delmar”) (OTCQX: DBCP), the parent company of The Bank of Delmarva, Seaford, Delaware (“Delmarva”), announced today that on September 17, 2019 the board of directors declared a cash dividend of $0.025 per share, payable on October 8, 2019, to holders of record of its common stock as of the close of business on September 27, 2019.
About Delmar Bancorp
Delmar Bancorp is the holding company for The Bank of Delmarva, which commenced operations in 1896. The Bank of Delmarva’s main office is in Seaford, Delaware and it conducts full service commercial banking through eleven branch locations in Maryland and Delaware, three branches, operating under the name Liberty Bell Bank, in the South Jersey/Philadelphia metro market, and a loan production office in Rehoboth Beach, Delaware. The Bank of Delmarva focuses on serving its local communities, knowing its customers and providing superior customer service. At June 30, 2019, Delmar Bancorp had approximately $770.2 million in total assets, $646.7 million in total loans and $639.5 million in total deposits. For more information, visit www.bankofdelmarvahb.com.
For further information, please contact John W. Breda, Delmar Bancorp President & Chief Executive Officer, at 410-548-1100 x18112.