Welcome to Marylandbankingblog.com

Howard Bank created Marylandbankingblog.com with the small business in mind. It is another way Howard Bank offers the Hands On approach to banking. If there is a specific topic you would like us to write about, email us at HBOnline@howardbank.com with your topic idea.

Choosing the Right Bank for your Small Business

July 3rd, 2015 | Posted by admin in Small Business - (Comments Off)

Choosing the Right Bank for you Small Business

Knowing Your Needs: From the very start, your business should be on the lookout for a supportive and reliable bank. Whether your needs are simple (a separate business checking account) or complex (a line of credit), finding the bank that fits your business’s needs is crucial.

In making the decision, it is pertinent to consider not only your business’s current needs, but its potential future (more…)

Multi and Single and Condo’s Oh My!!

June 2nd, 2015 | Posted by admin in Mortgage - (Comments Off)

“Can’t see the forest for the trees” The entire home ownership and mortgage experience can appear to be a forest. A forest of confusing terms, unfamiliar problems, and fear-inducing potential pitfalls. The saying that someone “can’t see the forest for the trees” means that they are so involved with the details of a situation that they lose sight of the larger issue. This expression can also be reversed, indicating that a person loses sight of details and becomes engrossed in the whole. To protect yourself from getting lost in that mysterious first time home buyer forest you are going to need KNOWLEDGE. And to receive the best first mortgage knowledge, you must start with answering the question of (more…)

cfa

Howard Bank is thrilled to once again sponsor the 28th annual Columbia Festival of the Arts this year, which runs June 12-27, spanning three weekends. Last year, we gave you a rundown of facts about the festival you may have never known. This year, we dove even deeper (more…)

Spring Cleaning Your Budget

May 20th, 2015 | Posted by admin in Financial Planning - (Comments Off)

The flowers are blooming, the birds are chirping, and spring is in the air – at least in some parts of the country. It’s a great time of year to stop and smell the finances. During spring, many of you will declutter and deep clean, but it doesn’t have to stop at the (more…)

Infographic: Howard County, From Farmland to Forbes

April 29th, 2015 | Posted by admin in Community - (Comments Off)

To celebrate the opening of our Harford County bank branches, we gave you the Harford County infographic. Now it’s time we celebrate a little hometown pride, with an infographic on Howard County, Howard Bank’s founding county. Scroll down to experience the growth of Howard County from establishment through development, from 1851 to today, from farmland to Forbes.

Howard County Infographic

 

Check out these fun history facts and share with your children.

• The first erasers were actually pieces of bread. In 1735, the French scientist Charles de la Condamine discovered a milky fluid that was produced under the bark of the (Hevea brasilienesis) Rubber Tree.
That milky fluid is latex, and latex is the most important raw material in the Rubber Eraser. In 1862, Faber Pencil Co.in New York made a pencil with the Rubber Eraser attached.
• The first dollar bill was created in 1862, containing a picture of Salmon P. Chase on the front. Mr. Chase was the Secretary of the Treasury during (more…)

Ellicott City and Dundalk, Maryland, March 3, 2015 — Howard Bancorp, Inc. (NASDAQ: HBMD, “Howard”), the parent company of Howard Bank, and Patapsco Bancorp, Inc. (OTC: PATD, “Patapsco”), the parent company of Patapsco Bank, jointly announced today that they have entered into an agreement to merge. (more…)

Insurer Anthem Suffers Massive Data Breach…

February 12th, 2015 | Posted by admin in Howard Bank - (Comments Off)

One of the county’s largest Health Insurance companies suffered what may be the largest data breach ever, potentially exposing up to 80 million customer’s personal information.  Anthem says that names, birthdays, social security numbers, street addresses, email addresses and employment information, including income data was exposed.  Based on this information, no bank information or actual medical information has been breached.  For more information on this breach visit; www.anthemfacts.com.

While this breach does not affect Howard Bank, we take real interest and responsibility in protecting our customers against fraud and Identity Theft.  While we have many checks in place to detect deceitful activity, we both can only benefit from consumers who are educated on the risks.  To find out how to protect yourself against Identity Theft, please visit us at; http://www.howardbank.com/identitytheft.html (more…)

Maximizing Your Tax Deductions And Tax Breaks As A U.S. Homeowner…

January 22nd, 2015 | Posted by admin in Mortgage - (Comments Off)

By: Dan Green

This article is current for the 2014 tax year and should not be considered tax advice. For tax-related questions or mortgage strategy related to your individual tax liability, speak with a licensed accountant.

It’s January 2015 and, for Americans, the 2014 tax year has concluded.

Within weeks, U.S. consumers will begin receiving such tax-related forms as the W-2, the 1099, and, for homeowners, the 1098, which is also known as the Mortgage Interest Statement.

The U.S. tax code offers incentives to homeowners, and by taking advantage of these breaks, 1040-filing citizens can maximize their financial investment in homeownership.

Whether a home is financed via a mortgage, or paid-in-full with cash, there are a multitude of tax-savings opportunities associated with owning a home — even at current mortgage rates which are the lowest since May 2013.

Of course, every homeowner’s financial situation is different, so please consult with a tax professional regarding your individual tax liability. (more…)

By: Heike Young

If you’re the owner or manager of a small business, the prospect of bringing new employees into the fold can be both exciting and anxiety-inducing. On the one hand, it’s extremely exciting to have the budget and resources to bring new team members into the fold. On the other, your small business is your baby and your livelihood—so you can’t afford hiring mistakes that affect your success and productivity.

Consider these six hiring tips as you write job descriptions, conduct interviews, and train your new employees. (more…)