Old Line Bank Announces the Retirement of Joseph E. Burnett, Executive Vice President, Chief Lending Officer and Appoints Jac...
November 29 2017 - 12:00PM
Old Line Bank, announced the retirement of Joseph E. Burnett,
Executive Vice President and Chief Lending Officer. Mr.
Burnett served in the capacity of Chief Lending Officer since
joining the Bank in 2001. He joined Old Line Bank with an
extensive banking background spanning over 30 years. Over the
past 16 years, he successfully led the Old Line Bank lending team
and supported the Bank’s loan portfolio growth to its current $1.7
billion.
Additionally, on November 28, 2017, Old Line Bank announced the
promotion of Jack Welborn to serve as Chief Lending Officer,
effective January 2, 2018.
Mr. Welborn joined Old Line Bank in 2005 as a Commercial Loan
Officer with an extensive background in commercial lending in the
Greater Washington area. In the years since his hire, Mr.
Welborn has proven himself to be an exemplary business developer
and team leader. It is our belief that his background in the
business and specifically with Old Line Bank will serve the
organization and its shareholders well.
“Both Joe and Jack have contributed tremendously to the overall
success of the Bank,” said James W. Cornelsen, President and Chief
Executive Officer. “As Joe moves forward to enjoy retirement,
we look forward to Jack’s continued success in his new position,
leading our seasoned team of lending professionals as we expand our
banking and lending footprint.”
Old Line Bancshares, Inc. is the parent company of Old Line
Bank, a Maryland chartered commercial bank headquartered in Bowie,
Maryland, approximately 10 miles east of Andrews Air Force Base and
20 miles east of Washington, D.C. Old Line Bank has 28
branches located in its primary market area of suburban Maryland
(Washington, D.C. suburbs and Southern Maryland) counties of Anne
Arundel, Baltimore, Calvert, Carroll, Charles, Frederick,
Montgomery, Prince George's and St. Mary's. It also targets
customers throughout the greater Washington, D.C. metropolitan
area.
CONTACT: OLD LINE BANCSHARES,
INC.
JAMES W.
CORNELSEN
PRESIDENT &
CHIEF EXECUTIVE OFFICER
(301)
430-2530
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