Salisbury, Md.-based Delmar Bancorp on Dec. 20 filed amendments to its bylaws to increase the number of shares in its authorized capital stock to 40 million from 20 million, with par value of 1 cent per share for a total value of $400,000.
The amendment is effective immediately.
Additionally, the company elected six directors to its board during its annual shareholders meeting Dec. 18.
Lloyd Harrison III and John Janney were named directors until 2020. Mona Albertine was appointed director until 2021, while John Breda, George Snead and Jeffrey Turner will serve as directors until 2022.