0001558370-20-001157.txt : 20200221 0001558370-20-001157.hdr.sgml : 20200221 20200221163102 ACCESSION NUMBER: 0001558370-20-001157 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200221 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20200221 DATE AS OF CHANGE: 20200221 FILER: 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 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 033-21202 FILM NUMBER: 20640481 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 8-K 1 f8-k.htm 8-K dbcp_current_folio_8-K_Dividend_20200221

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): February 5, 2020

Delmar Bancorp

(Exact name of registrant as specified in its charter)

 

 

 

Maryland

033‑21202

52-1559535

(State or other jurisdiction of incorporation)

(Commission file number)

(IRS Employer Number)

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):

 

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

☐

Soliciting material pursuant to Rule 14a‑12 under the Exchange Act (17 CFR 240.14a‑12)

 

 

☐

Pre-commencement communications pursuant to Rule 14d‑2(b) under the Exchange Act (17 CFR 240.14d‑2(b))

 

 

☐

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 February 21, 2020, Delmar Bancorp announced the declaration, on February 5, 2020, of a cash dividend of $0.025 per share, payable on April 10, 2020, to holders of record of its common stock as of the close of business on March 30, 2020. A copy of the press release announcing the dividend is included as Exhibit 99.1 attached to this report.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

 

 

 

Number

    

Description

99.1

 

Press Release dated February 21, 2020

 

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.

 

 

 

 

DELMAR BANCORP

 

 

 

 

By:  

/s/ Lloyd B. Harrison

 

 

Lloyd B. Harrison, Chief Executive Officer

 

 

 

Dated: February 21, 2020

 

 

 

EX-99.1 2 ex-99d1.htm EX-99.1 dbcp_ex99-1_Dividend_20200221

Exhibit 99.1

Salisbury, MD / February 21, 2020 / Delmar Bancorp, Salisbury, Maryland (“Delmar”) (OTCQX: DBCP), parent company of The Bank of Delmarva (“Delmarva”) and Virginia Partners Bank (Partners), Seaford, Delaware, announced today that the Board of Directors has declared a quarterly cash dividend of $0.025 per share. This dividend is payable on April 10, 2020 to stockholders of record as of March 30, 2020.

About the Company:  Delmar Bancorp is the holding company for The Bank of Delmarva and Virginia Partners Bank.  The Bank of Delmarva 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, and three branches, operating under the name Liberty Bell Bank, in the South Jersey/Philadelphia metro market. The Bank of Delmarva focuses on serving its local communities, knowing its customers and providing superior customer service.  Virginia Partners Bank, headquartered in Fredericksburg, Virginia, was founded in 2008 and has three branches in Fredericksburg, Virginia. In Maryland, Virginia Partners Bank trades under the name Maryland Partners Bank (a division of Virginia Partners Bank), and operates a full service branch and commercial banking office in La Plata, Maryland and a Loan Production Office in Annapolis, Maryland. Virginia Partners Bank also owns a controlling stake in Johnson Mortgage Company, LLC, which is a residential mortgage company headquartered in Newport News, Virginia, with branch offices in Fredericksburg and Williamsburg, Virginia.