0001225385-20-000115.txt : 20200505
0001225385-20-000115.hdr.sgml : 20200505
20200505130523
ACCESSION NUMBER: 0001225385-20-000115
CONFORMED SUBMISSION TYPE: 3
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20200505
FILED AS OF DATE: 20200505
DATE AS OF CHANGE: 20200505
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Tamburro James A.
CENTRAL INDEX KEY: 0001810965
FILING VALUES:
FORM TYPE: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39285
FILM NUMBER: 20847992
MAIL ADDRESS:
STREET 1: C/O DELMAR BANCORP
STREET 2: 2245 NORTHWOOD DRIVE
CITY: SALISBURY
STATE: MD
ZIP: 21801
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: DELMAR BANCORP
CENTRAL INDEX KEY: 0000832090
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
IRS NUMBER: 521559535
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2245 NORTHWOOD DRIVE
CITY: SALISBURY
STATE: MD
ZIP: 21801
BUSINESS PHONE: 410-548-1100
MAIL ADDRESS:
STREET 1: 2245 NORTHWOOD DRIVE
CITY: SALISBURY
STATE: MD
ZIP: 21801
3
1
edgar.xml
PRIMARY DOCUMENT
X0206
3
2020-05-05
0
0000832090
DELMAR BANCORP
DBCP
0001810965
Tamburro James A.
C/O DELMAR BANCORP
2245 NORTHWOOD DRIVE
SALISBURY
MD
21801
1
0
0
0
Common Stock
14680
D
Common Stock
700
I
By spouse
Common Stock
556
I
By spouse's IRA
Common Stock
585
I
By spouse as custodian for children
Common Stock
36
I
As custodian for child
Stock Option (right to buy)
4.14
2023-03-26
Common Stock
1028
D
The common stock reported herein is common stock of the Issuer. On March 1, 2018, Liberty Bell Bank was acquired by the Issuer (the "Acquisition"), in which Liberty Bell Bank shareholders received 0.2857 shares of the Issuer's common stock for each share of Liberty Bell Bank common stock, or cash consideration, or a combination thereof. The number of shares reflects the Reporting Person's holdings following the Acquisition.
The option was originally exercisable in five equal annual installments on March 26, 2014, March 26, 2015, March 26, 2016, March 26, 2017, and March 27, 2018; however, the option became fully exercisable in connection with the Acquisition.
The option reported herein is an option to purchase common stock of the Issuer. At the effective time of the Acquisition, each outstanding option to purchase shares of common stock of Liberty Bell Bank was assumed by the Issuer and converted into an option to purchase shares of the Issuer's common stock, and the exercise price for each option was correspondingly adjusted. The number of shares reflects the Reporting Person's holdings following such conversion, and the exercise price reflects the exercise price following such conversion.
J. Adam Sothen, as attorney-in-fact
2020-05-05
EX-24
2
poa_tamburro.txt
POA_TAMBURRO
SECTION 16
POWER OF ATTORNEY
I, James A. Tamburro, do hereby constitute and appoint J. Adam Sothen,
Betsy J. Eicher, Ingrid Thomas, Shannon V. Patterson and Elizabeth P.
Davis my true and lawful attorneys-in-fact, any of whom acting singly
is hereby authorized, for me and in my name and on my behalf as a
director, officer and/or shareholder of Delmar Bancorp, to
(i) prepare, execute in my name and on my behalf, and submit
to the U.S. Securities and Exchange Commission (the "SEC") a
Form ID, including any necessary amendments thereto, and any
other documents necessary or appropriate to obtain or update
codes and passwords enabling me to make electronic filings with
the SEC of reports required by Section 16(a) of the Securities
Exchange Act of 1934 or any rule or regulation of the SEC in
respect thereof; and (ii) prepare, execute and file any and all
forms, instruments or documents, including any necessary amendments
thereto, as such attorneys or attorney deems necessary or
advisable to enable me to comply with Section 16 of the Securities
Exchange Act of 1934 or any rule or regulation of the SEC in
respect thereof (collectively, "Section 16").
I do hereby ratify and confirm all acts my said attorney shall
do or cause to be done by virtue hereof. I acknowledge that
the foregoing attorneys-in-fact, serving in such capacity at my
request, are not assuming, nor is Delmar Bancorp assuming, any of
my responsibilities to comply with Section 16.
This power of attorney shall remain in full force and effect until
it is revoked by the undersigned in a signed writing delivered to
each such attorney-in-fact or the undersigned is no longer required
to comply with Section 16, whichever occurs first.
WITNESS the execution hereof this 28th day of April, 2020.
/s/ James A. Tamburro
James A. Tamburro