ELLICOTT CITY, Md.--(BUSINESS WIRE)--Howard Bancorp, Inc. (Nasdaq:HBMD) (“Howard”) announced today that it has received all of the requisite regulatory approvals to finalize its acquisition of 1st Mariner Bank (“1st Mariner”). The transaction is expected to close on February 28, 2018 and 1st Mariner customers will become Howard Bank customers on March 1, 2018.
About Howard Bancorp, Inc.
Howard Bancorp, Inc. is the parent company of Howard Bank, a Maryland-chartered trust company operating as a commercial bank. Headquartered in Ellicott City, Maryland, Howard Bank operates a general commercial banking business through its 13 branches located throughout the Greater Baltimore Metropolitan Area. It had consolidated assets of approximately $1.15 billion at December 31, 2017. Additional information about Howard Bancorp, Inc. and Howard Bank are available on its website at www.howardbank.com.
About 1st Mariner Bank
1st Mariner is a Maryland-chartered trust company operating as a commercial bank headquartered in Baltimore, Maryland through its 14 branches located in Baltimore. Additional information about 1st Mariner Bank is available on its website at www.1stmarinerbank.com. It had approximately $989 million in assets at December 31, 2017.
Forward-Looking Statement Disclaimer
This press release contains estimates, predictions, opinions, projections and other "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements often use words such as “anticipate,” “believe,” “contemplate,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “should” “will,” or other words of similar meaning. You can also identify them by the fact that they do not relate strictly to historical or current facts. Such statements include, without limitation, references to Howard's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intensions and future performance, including our growth strategy and expansion plans, including potential acquisitions. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may be beyond or control, and which may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.