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.

Author Archives: admin

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…)

Growing Fast, But Smart: 6 Tips for Hiring at Your Small Business…

January 13th, 2015 | Posted by admin in Small Business - (Comments Off)

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…)

Six Mobile Marketing Tips For Small Businesses…

January 7th, 2015 | Posted by admin in Marketing | Small Business - (Comments Off)

By: Karen E. Klein

Mobile phones are essential to shopping these days, and a majority of cell phone owners say they’re willing to share personal data with merchants in exchange for such things as coupons and discounts.

But navigating mobile marketing can be confusing for small business owners, who must avoid bombarding people with unwanted texts while they’re slogging through crowds of holiday shoppers. So how can local merchants use mobile marketing effectively? Here are six tips. (more…)

Howard Bank’s Top Blogs of the Year…

December 18th, 2014 | Posted by admin in Howard Bank - (Comments Off)

Top Blogs of the Year_2014

It’s hard to believe that 2014 is coming to a close. To call it a whirlwind or an adventure would be an understatement but as we close out the calendar year we wanted to pull together a list of our most popular blogs from 2014. Thanks to all our readers and followers for sharing/tweeting/commenting on our posts. Enjoy! (more…)

Small Business Financing Tips…

December 2nd, 2014 | Posted by admin in Small Business - (Comments Off)

By: George N. Root III, Demand Media

A small business owner needs to be an expert in his industry and must also know how to handle his company’s finances. A small business owner often mishandles financing his business because of improper forecasting, for example. These small business financing tips will help you understand how to estimate your company’s needs, as well as the best way to secure the proper financing. (more…)

This Thanksgiving: A Thank You and a Promise

November 26th, 2014 | Posted by admin in 10 Year Anniversary | Events | Howard Bank - (Comments Off)

MaryAnn Scully

On behalf of everyone at Howard Bank, I’d like to wish you and your family a very happy Thanksgiving.

Although it’s customary to focus on our blessings on this specific day, I hope all our employees and customers know just how thankful and appreciative I am for them all year round. As a quickly growing, community-centered bank with an ever-increasing presence in the central Maryland region, it’s obvious that our success is not due to any one person or initiative–the success is shared and we’re all part of it. (more…)

Want to Be a Successful Business? Focus on Your Customers

November 25th, 2014 | Posted by admin in Marketing | Small Business - (Comments Off)

By: Chad Brooks, BusinessNewsDaily Senior Writer

The difference between successful businesses and underperforming ones often lies in the way they treat their customers, new research finds.

In fact, companies that fail to focus their cultures, strategies and employees on pleasing customers are encouraging failure, according to a study from the Institute for Corporate Productivity (i4cp) and the American Management Association (AMA). (more…)

7 Popular Marketing Techniques For Small Businesses…

November 4th, 2014 | Posted by admin in Small Business - (Comments Off)

By Andrew Beattie

Before your business starts marketing a product, it helps to create an ideal customer who you want to reach with your promotional materials. Once you have your ideal customer, you have a plethora of techniques to pick from. Most of these are low cost/no cost methods (sometimes called guerrilla marketing) and you may use different ones at different stages of your business cycle, or you may utilize them all at once from your business’ inception. We’ll look at seven of these techniques in more detail. (more…)