An investigation on behalf of investors, who currently hold shares of Bay Bancorp Inc (NASDAQ:BYBK), was announced concerning whether the takeover of Bay Bancorp Inc. by Old Line Bancshares, Inc is unfair to NASDAQ:BYBK stockholders.

The investigation by a law firm concerns whether certain officers and directors of Bay Bancorp Inc breached their fiduciary duties owed to NASDAQ:BYBK investors in connection with the proposed acquisition.

On September 27, 2017, Old Line Bancshares, Inc. (NASDAQ Capital Market: OLBK), the parent company of Old Line Bank, and Bay Bancorp, Inc. (NASDAQ Capital Market: BYBK), the parent company of Bay Bank, FSB announced the execution of a definitive merger agreement (the Merger Agreement) that provides for the acquisition of Bay Bancorp by Old Line Bancshares for stock in a deal valued at approximately $128.6 million.

However, the investigation concerns whether the offer is unfair to NASDAQ:BYBK stockholders. More specifically, the investigation concerns whether the Bay Bancorp Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Columbia MD based Bay Bancorp, Inc., formerly Carrollton Bancorp, is a savings and loan holding company. The Company operates through its subsidiary, Bay Bank, FSB (the Bank).