WSB Holdings Inc Sample Contracts

WSB Holdings Inc – AGREEMENT AND PLAN OF MERGER (September 11th, 2012)

THIS AGREEMENT AND PLAN OF MERGER, dated as of September 10, 2012, is made by and between Old Line Bancshares, Inc., a Maryland corporation (“OLB”), and WSB Holdings, Inc., a Delaware corporation (“Holdings”).

WSB Holdings Inc – PRESS RELEASE OLD LINE BANCSHARES, INC. (September 11th, 2012)

BOWIE, MD - Old Line Bancshares, Inc. (NASDAQ Capital Market: OLBK), the parent company of Old Line Bank, and WSB HOLDINGS, INC. (NASDAQ Global Market:  WSB), the parent company of The Washington Savings Bank, F.S.B., today jointly announced the execution of a definitive merger agreement (the “Merger Agreement”) that provides for the acquisition of WSB Holdings, Inc. by Old Line Bancshares, Inc. for approximately $49 million, or approximately $6.12 per share, in cash and stock, subject to adjustment (the “total consideration”).

WSB Holdings Inc – WSB Holdings Inc. 2011 Equity Incentive Plan Incentive Stock Option Grant Agreement (August 29th, 2011)

This Incentive Stock Option Grant Agreement (the “Agreement”) is entered into on [INSERT DATE], by and between WSB Holdings, Inc., a Delaware corporation (the “Company”), and [INSERT OPTIONEE NAME] (the “Optionee”), effective as of [INSERT GRANT DATE] (the “Grant Date”).

WSB Holdings Inc – WSB Holdings Inc. 2011 Equity Incentive Plan Stock Option Grant Agreement (August 29th, 2011)

This Stock Option Grant Agreement (the “Agreement”) is entered into on [INSERT DATE], by and between WSB Holdings, Inc., a Delaware corporation (the “Company”), and [INSERT OPTIONEE NAME] (the “Optionee”), effective as of [INSERT GRANT DATE] (the “Grant Date”).

WSB Holdings Inc – SUPERVISORY AGREEMENT (August 12th, 2011)

This Supervisory Agreement (Agreement) is made this 3rd day of June, 2011, by and through the Board of Directors (Board) of WSB Holdings, Inc., Bowie, Maryland, OTS Docket No. H-4468 (Holding Company) and the Office of Thrift Supervision (OTS), acting by and through its Regional Director for the Southeast Region (Regional Director);

WSB Holdings Inc – SUPERVISORY AGREEMENT (August 12th, 2011)

This Supervisory Agreement (Agreement) is made this 3rd day of June, 2011, by and through the Board of Directors (Board) of The Washington Savings Bank, FSB, Bowie, Maryland, OTS Docket No. 08173 (Association) and the Office of Thrift Supervision (OTS), acting by and through its Regional Director for the Southeast Region (Regional Director);

WSB Holdings Inc – WSB Holdings Inc. 2011 Equity Incentive Plan Stock Option Grant Agreement (June 16th, 2011)

This Stock Option Grant Agreement (the “Agreement”) is entered into on [INSERT DATE], by and between WSB Holdings, Inc., a Delaware corporation (the “Company”), and [INSERT OPTIONEE NAME] (the “Optionee”), effective as of [INSERT GRANT DATE] (the “Grant Date”).

WSB Holdings Inc – WSB HOLDINGS, INC 2011 EQUITY INCENTIVE PLAN RESTRICTED STOCK AGREEMENT (June 16th, 2011)

THIS RESTRICTED STOCK AGREEMENT (this “Agreement”) is made effective as of the Date of Grant by and between WSB Holdings, Inc., a Delaware corporation (the “Corporation”), and the above-listed participant (“Participant”).

WSB Holdings Inc – WSB Holdings Inc. 2011 Equity Incentive Plan Stock Option Grant Agreement (June 16th, 2011)

This Stock Option Grant Agreement (the “Agreement”) is entered into on [INSERT DATE], by and between WSB Holdings, Inc., a Delaware corporation (the “Company”), and [INSERT OPTIONEE NAME] (the “Optionee”), effective as of [INSERT GRANT DATE] (the “Grant Date”).

WSB Holdings Inc – AMENDED AND RESTATED EMPLOYMENT AGREEMENT (August 13th, 2010)

This AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the “Agreement” or “Amended Agreement”) is made as of this 11th day of June, 2010 by and among THE WASHINGTON SAVINGS BANK, a federally chartered stock savings bank (the “Bank” or the “Employer”) and PHILLIP C. BOWMAN, an individual residing in Arnold, Maryland (the “Executive”).

WSB Holdings Inc – NEWS RELEASE Contact: (October 26th, 2009)

BOWIE, MD — October 23, 2009 - WSB Holdings, Inc. (Nasdaq: “WSB”), the parent company of Washington Savings Bank, F.S.B., (the “Bank”) today announced results of operations for both its third quarter and the nine month period ending September 30, 2009.  WSB reports net loss of $4.4 million or $(0.55) per basic and diluted share for the three months ended September 30, 2009, compared to net loss of $1.1 million or $(0.14) per basic and diluted share for the comparable period of the prior year.  WSB reports net loss for the first nine months of 2009 of $5.9 million, or $(0.75) per basic and diluted share, compared to net loss of $92,000 or $(.01) per basic and diluted share for the nine months ending September 30, 2008.  The decrease in net income for the three month period ended September 30, 2009 is primarily the result of the Bank allocating an additional $6.6 million to its Allowance for Loan Losses.  The decrease in net income also reflects a 119% decrease in non-interest income, co

WSB Holdings Inc – NEWS RELEASE (July 27th, 2009)

BOWIE, MD – July 24, 2009 - WSB Holdings, Inc. (Nasdaq: “WSB”), the parent company of Washington Savings Bank, F.S.B., (the “Bank”) today announced results of operations for both its second quarter and the six month period ending June 30, 2009.  WSB reports net loss of $41,000 or $(0.01) per basic and diluted share for the three months ended June 30, 2009, compared to net income of $514,000 or $0.07 per basic and $0.06 per diluted share for the comparable period of the prior year.  WSB reports net loss for the first six months of 2009 of $1.6 million, or $(0.20) per basic and diluted share, compared to net income of $982,000 or $0.13 per basic and $0.12 per diluted share for the six months ending June 30, 2008.  During the quarter the Bank recognized a required charge of $202,000 related to the special assessment imposed by the FDIC on all insured institution’s assets minus its Tier 1 capital (see below) as reported on June 30, 2009.  Without the special assessment, WSB’s net income wo

WSB Holdings Inc – NEWS RELEASE Contact: (May 14th, 2009)

BOWIE, MD — May 13, 2009 - WSB Holdings, Inc. (Nasdaq: “WSB”), the parent company of Washington Savings Bank, F.S.B., (the “Bank”) today announced revised results of operations for its first quarter ending March 31, 2009.  This resulted in an increase of income of approximately $582,000 due to an adjustment to our income tax benefit.  WSB Holdings reports adjusted net loss of $1.5 million or $(0.20) per basic and diluted share for the three months ended March 31, 2009.

WSB Holdings Inc – NEWS RELEASE Contact: Phillip C. Bowman, CEO Kevin P. Huffman, President, COO Telephone: (301) 352-3120 Website: www.twsb.com (January 26th, 2009)

BOWIE, MD — January 23, 2009 - WSB Holdings, Inc. (Nasdaq: “WSB”), the parent company of Washington Savings Bank, F.S.B., (the “Bank”) today announced results of operations for both its fourth quarter and the twelve month period ending December 31, 2008.  WSB Holdings became the holding company of the Bank as of January 3, 2008.   WSB reports financial results on a calendar year basis (unlike the Bank’s previous fiscal year).  Accordingly, results of operations and other financial data for periods prior to January 1, 2008 are for the Bank.

WSB Holdings Inc – NEWS RELEASE Contact: (October 24th, 2008)

BOWIE, MD — October 23, 2008, WSB Holdings, Inc, (NASDAQ: “WSB”), today announced the election of James B. Hooper and Charles W. McPherson to its Board of Directors.

WSB Holdings Inc – NEWS RELEASE Contact: (April 23rd, 2008)

BOWIE, MD — April 21, 2008 - WSB Holdings, Inc. (Nasdaq: “WSB”), the parent company of Washington Savings Bank, F.S.B., today announced results of operations for the Bank for the calendar quarter ending March 31, 2008.  WSB Holdings became the holding company of the Bank as of January 3, 2008, and hereafter will report financial results on a calendar year basis (unlike the Bank’s previous fiscal year).  Accordingly, results of operations and other financial data for periods prior to January 3, 2008 are for the Bank, and thereafter are for WSB Holdings on a consolidated basis.

WSB Holdings Inc – AMENDMENT NUMBER 1 TO THE WASHINGTON SAVINGS BANK 1997 OMNIBUS STOCK PLAN (January 18th, 2008)

WSB Holdings, Inc. sponsors The Washington Savings Bank 1997 Omnibus Stock Plan (the “Plan”).  The Plan is hereby amended as set forth below:

WSB Holdings Inc – AMENDMENT NUMBER 1 TO THE WASHINGTON SAVINGS BANK, F.S.B. 1999 STOCK OPTION AND INCENTIVE PLAN (January 18th, 2008)

WSB Holdings, Inc. sponsors The Washington Bank, F.S.B. 1999 Stock Option and Incentive Plan (the “Plan”).  The Plan is hereby amended as set forth below:

WSB Holdings Inc – AMENDMENT NUMBER 1 TO THE WASHINGTON SAVINGS BANK, F.S.B. NON-EMPLOYEE DIRECTORS’ STOCK OPTION PLAN (January 18th, 2008)

WSB Holdings, Inc. sponsors The Washington Savings Bank, F.S.B. Non-Employee Directors’ Stock Option Plan (the “Plan”).  The Plan is hereby amended as set forth below:

WSB Holdings Inc – THE WASHINGTON SAVINGS BANK, F.S.B. 1988 STOCK INCENTIVE PLAN (January 18th, 2008)
WSB Holdings Inc – AMENDMENT NUMBER 1 TO THE WASHINGTON SAVINGS BANK, F.S.B. 1988 STOCK INCENTIVE PLAN (January 18th, 2008)

WSB Holdings, Inc. sponsors The Washington Savings Bank, F.S.B. 1988 Stock Incentive Plan (the “Plan”).  The Plan is hereby amended as set forth below:

WSB Holdings Inc – AMENDMENT NUMBER 1 TO THE WASHINGTON SAVINGS BANK, F.S.B. 2001 STOCK OPTION AND INCENTIVE PLAN (January 18th, 2008)

WSB Holdings, Inc. sponsors The Washington Bank, F.S.B. 2001 Stock Option and Incentive Plan (the “Plan”).  The Plan is hereby amended as set forth below:

WSB Holdings Inc – THE WASHINGTON SAVINGS BANK, F.S.B. 2001 STOCK OPTION AND INCENTIVE PLAN STOCK OPTION AGREEMENT (October 23rd, 2007)

This Stock Option Agreement is made as of «GrantDate» by and between The Washington Savings Bank, F.S.B., a federally chartered, federally insured stock savings bank (the “Company”), and «Name», an individual (the “Optionee”) who is employed by, or providing services to, the Company or one of its affiliates.

WSB Holdings Inc – THE WASHINGTON SAVINGS BANK 1997 OMNIBUS STOCK PLAN (October 23rd, 2007)
WSB Holdings Inc – THE WASHINGTON SAVINGS BANK, F.S.B. STOCK OPTION GRANT AGREEMENT (October 23rd, 2007)

This Grant Agreement (the “Agreement”) is entered into this        day of          ,           , to be effective                           (the “Grant Date”), by and between The Washington Savings Bank, F.S.B., a federally-chartered, federally-insured stock savings bank (the “Corporation”), and                             (“Grantee”).

WSB Holdings Inc – THE WASHINGTON SAVINGS BANK, F.S.B. 1999 STOCK OPTION AND INCENTIVE PLAN STOCK OPTION AGREEMENT (October 23rd, 2007)

This Stock Option Agreement is made as of «GrantDate» by and between The Washington Savings Bank, F.S.B., a federally chartered, federally insured stock savings bank (the “Company”), and «Name», an individual (the “Optionee”) who is employed by, or providing services to, the Company or one of its affiliates.

WSB Holdings Inc – EMPLOYMENT AGREEMENT (October 23rd, 2007)

This AGREEMENT is made as of this 21st day of March. 2005 by and among THE WASHINGTON SAVINGS BANK, a federally chartered stock savings bank (the “Employer”) and PHILLIP C. BOWMAN, an individual residing in Arnold, Maryland (the “Executive”).

WSB Holdings Inc – THE WASHINGTON SAVINGS BANK, F.S.B. NON-EMPLOYEE DIRECTORS’ STOCK OPTION PLAN (October 23rd, 2007)

The Washington Savings Bank, F.S.B., hereby adopts the following stock option plan for its Non-Employee Directors (the “Plan”) as of August 16, 1995.

WSB Holdings Inc – THE WASHINGTON SAVINGS BANK, F.S.B. 1999 STOCK OPTION AND INCENTIVE PLAN (October 23rd, 2007)

The Washington Savings Bank, F.S.B. (the “Company”) sets forth herein the terms of the Company’s 1999 Stock Option and Incentive Plan (the “Plan”) as follows:

WSB Holdings Inc – THE WASHINGTON SAVINGS BANK, F.S.B. 2001 STOCK OPTION AND INCENTIVE PLAN (October 23rd, 2007)

The Washington Savings Bank, F.S.B. (the “Company”) sets forth herein the terms of the Company’s 2001 Stock Option and Incentive Plan (the “Plan”) as follows: