CitybizList.com, reported that Delmar Bancorp has raised $11 million from sale of shares to a solitary investor, based on an Securities and Exchange Commission filing.
Salisbury-based Delmar is a financial holding company whose primary asset is the Bank of Delmarva.
The Bank of Delmarva was chartered as the Bank of Delmar on December 14, 1896 by a group of businessmen and farmers. The bank opened for business on May 4, 1897 in Delmar, Md., then a thriving railroad town.
The bank, now based in Salisbury, Md. has branches in Seaford, Laurel, Rehoboth Beach and Dagsboro.
The company is led by President and CEO Edward M. Thomas.
