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.

Marketing 101…

August 19th, 2014 | Posted by admin in Marketing | Small Business - (Comments Off)

In order to successfully grow your business, you’ll need to attract and then work to retain a large base of satisfied customers. Marketing emphasizes the value of the customer to the business, and has two guiding principles: (more…)

Saving Options…

August 14th, 2014 | Posted by admin in Savings - (Comments Off)

Not all savings accounts are the same. Different banks offer different interest rates. And individual banks typically offer a number of savings accounts options to choose from.

Before opening a savings account it’s a good idea to figure out how you’ll be using it. Ask yourself: (more…)

Small businesses know better than anyone how important it is to find a way to keep customers coming back.

This brings up an important question: how do you keep customers coming back, again and again?

Luckily, with powerful channels like email, social, mobile, and social — it’s never been easier for businesses to stay in touch with customers and generate the repeat business they need to succeed. (more…)

Howard Bank: 10 Years Strong…

August 8th, 2014 | Posted by Mary Ann Scully in 10 Year Anniversary | Howard Bank - (Comments Off)

Howard Bank

MaryAnn ScullyIt was about ten years ago to the day that Howard Bank first opened its doors at the Snowden River and Hickory Ridge branches here in Columbia.

I clearly remember that day (August 9th to be exact). After a full year of preparation- raising capital, talking to regulators, signing office leases and hiring colleagues , to see customers enter our branches, drive up to our ATM’s, and to discuss with clients when we could book their new loans was the type of nail biting yet exhilarating moment that all business founders understand. I look back on it with awe and pride having seen what Howard Bank has become today.
(more…)

Understand Your Market…

July 29th, 2014 | Posted by admin in Marketing | Small Business - (Comments Off)

To run a successful business, you need to learn about your customers, your competitors and your industry. Market research is the process of analyzing data to help you understand which products and services are in demand, and how to be competitive. Market research can also provide valuable insight to help you: (more…)

How to Shop for a Bank…

July 22nd, 2014 | Posted by admin in Small Business - (Comments Off)

Choosing a bank for your business involves more than opening a new account at your personal bank or picking the branch office nearest your company. You need to understand what services you require and how much they cost. Ideally you’ll find a banker who will take the time to walk you through how to solve a problem, so you can go back to running your business. Still, some business owners may spend more time shopping for a $300 laser printer than they would shopping for a bank. (more…)

Ellicott City, MD, July 17, 2014 –Howard Bancorp, Inc. (Nasdaq: HBMD), the parent company of Howard Bank (the “Bank”), today reported its financial results for the three month and six month periods ended June 30, 2014.

Highlights for the three and six month periods ended June 30, 2014 were as follows: (more…)

Managing Your Mortgage…

July 17th, 2014 | Posted by admin in Mortgage - (Comments Off)

Introduction

Acquiring your first home, or a larger one to meet growing family needs, usually focuses all of your attention on accumulating the down payment and qualifying for the financing on the property you have selected. There is a sense of relief when the loan is finally closed and you have settled in the house. It will not take long, however, before you will have to face the financial responsibilities that home ownership imposes. (more…)

By: Nicole Fallon, Business News Daily Assistant Editor

If you want customers to interact with your brand online, your Web presence needs to be engaging.

As a small business, your website is often the first place consumers will go to find you. Your site is your chance to make a good first impression on potential leads and bring back existing customers. If you want to accomplish this, it’s important to make sure your website keeps its visitors interested and engaged.

Most brands are aware of the need to create an engaging Web presence, but smaller ones typically don’t think they have the time or resources to constantly update their website with fresh, new content, or even create a website at all. (more…)

Smart Banking And Savings Basics

July 10th, 2014 | Posted by admin in Financial Planning | Savings - (Comments Off)

It’s all about saving the money you earn by banking smart, and using your banking for financial growth.

1. Money in a bank account is safe.

A bank is one of the safest places to stash your cash. In the wake of the financial crisis of 2008, the federal government increased the level of insurance on bank accounts — it’s now $250,000 per depositor.

2. You pay for the convenience of a bank account. (more…)