Howard County Ten Oaks Cup Polo Match Returns to the Field

Posted: Tuesday, September 22nd, 2015 | Posted by: April Marasco in Community | Events


Join us to tread in the divots at the 10th Annual Ten Oaks Cup Polo Match this Saturday, September 26, at Marama Farm in Clarksville. This year marks Howard Bank’s fifth year as a proud sponsor of the Ten Oaks Cup.

The afternoon will include multiple Polo matches, concession stands, family-friendly activities, divot stomping and more. Gates open at noon, and matches begin at 2 p.m. Bring along blankets, lawn chairs and hey, even a grill for tailgating. 

The Ten Oaks Cup supports Catholic Charities and its Our Daily Bread Employment Center, which provides those in need with a hot meal, case management, job training and employment counseling. Catholic Charities serves 160,000 people, and nearly 350,000 meals each year.

Event tickets may be purchased online in advance. General Admission tickets, $50 per car, as well as Tailgate Spots, $150 per car, can be purchased at the gate, depending on availability. For more details and event information, please visit the event website.

5 Reasons to Refinance

Posted: Monday, September 21st, 2015 | Posted by: April Marasco in Mortgage

House Calc


Refinancing a mortgage means applying for a new home loan with an existing lender or a new bank, waiting for an approval, and paying closing costs.
It’s exactly the same process as getting the original mortgage. From start to finish, it can take a few weeks to complete a refinance — which can be annoying.
However, if you can be patient with your lender, refinancing can accomplish a lot of things. Some borrowers don’t know whether refinancing is the right move for them. To help you decide, here’s a look at five things you can accomplish by getting a new mortgage. (more…)

Saddle Up for the 28th Columbia Grand Prix this Saturday

Posted: Wednesday, September 16th, 2015 | Posted by: April Marasco in Community | Events

2013 logo
This weekend, Howard Bank is excited to be sponsoring the 28th Annual Howard Community College Columbia Classic Grand Prix, held on September 19. The event benefits the HCC Educational Foundation, which provides scholarships to HCC students.

The day-long event, held on Marama Farm in Clarksville, will feature amateur horse riding and jumping, a classic and collector car show, activities for kids, food and drink in the Clyde’s Beer & Wine Garden, a raffle, and the Grand Prix horse race, which starts at 2 p.m.

Mary Ann Scully Recognized as Most Admired CEO

Posted: Monday, September 14th, 2015 | Posted by: admin in Howard Bank

Congratulations to Howard Bank CEO Mary Ann Scully for being recognized as one of Maryland’s Most Admired CEOs for the second time! Mary Ann has been with Howard Bank since its beginning, and has worked in banking for 40 years. Mary Ann thanks her entire team at Howard Bank for helping her land this award presented by The Daily Record. “People are successful because of the people they’ve worked with – the support networks,” she said. “Each CEO has a whole village of people.” 

The Daily Record’s Most Admired CEO award recognizes some of the most talented business leaders in the state across private, public, government and non-profit companies. The awards will be presented at a ceremony on September 17 at the BWI Hilton.

For more information about Mary Ann and the award, visit The Daily Record’s website.

Howard County Wine Masters is Back!

Posted: Thursday, September 3rd, 2015 | Posted by: April Marasco in Community | Events

This month, Howard Bank is proud to be sponsoring the 13th annual Howard County Wine Masters, benefiting the Cystic Fibrosis Foundation. The event will be held on September 12 on a private estate in Howard County and will feature delicious food, wine and craft beer, live and silent auctions and music.

The Cystic Fibrosis Foundation is the world’s leader in the search for a cure for cystic fibrosis, a life-threatening, genetic disease affecting the lungs. CFF supports cystic fibrosis patients through research and funding to help find a cure and provide patients with resources to help them live more full and productive lives. The Cystic Fibrosis Foundation is the world’s leader in the search for a cure for cystic fibrosis.

To purchase event tickets, donate, or learn more about the event, click here.

Protecting Your Identity

Posted: Wednesday, September 2nd, 2015 | Posted by: Kathy Armstrong in Identity Theft

We all go to tremendous measures to protect what is ours. We install sirens in our homes to frighten intruders and alarm systems in our cars to scare off robbers.

But what steps do we take to protect our identities?

The new burglary: a personal intrusion.
Identity theft is becoming more common today as we exchange personal information in the mail, over the phone and via the Internet. Maintaining control and ownership over your identity is as much a part of your financial well-being as staying debt-free and purchasing appropriate life and disability insurance policies. Just like positioning motion detectors and panic buttons for your home and car, there are easy ways to minimize the risk of someone stealing your identity. (more…)

Howard Bancorp, Inc. Completes Acquisition of Patapsco Bancorp, Inc.

Posted: Monday, August 31st, 2015 | Posted by: admin in Howard Bank


Howard Bank Becomes the Largest Bank Headquartered in the Greater Baltimore Marketplace

ELLICOTT CITY, Md.–(BUSINESS WIRE)– Howard Bancorp, Inc. (NASDAQ: HBMD, “Howard”), the parent company of Howard Bank, announced today that it has completed its acquisition of Patapsco Bancorp, Inc., the parent company of Patapsco Bank (“Patapsco”).

The combination of Howard and Patapsco creates the largest publicly traded bank headquartered in the Greater Baltimore Marketplace and the seventh largest bank in the state of Maryland, with total assets of nearly $1 billion and 16 branches. In addition, the combination significantly reinforces Howard’s present franchise in Baltimore County and provides Howard entry to Baltimore City allowing Howard the opportunity to expand its reach of diversified financial solutions in these very desirable markets and to leverage Patapsco’s legacy of over 100 years of banking service in these communities.

Pursuant to the merger agreement, the transaction had an aggregate fixed value of $10.064 million. Patapsco shareholders received $5.09 per share in cash (20% of total consideration) or 0.3547 shares of Howard common stock for each share of Patapsco common stock (80% of total consideration).

“Howard, a 2004 de novo, has experienced significant growth over the past 11 years, through consistent execution on organic growth – one customer at a time- supplemented by the execution of team lift outs in the residential mortgage arena, branch acquisitions, purchase of assets in an FDIC resolution transaction and now a traditional whole bank merger. The combination of Howard and Patapsco is, however, in and of itself, transformational and of exceptional strategic importance to us,” said Mary Ann Scully, Howard’s Chairman and CEO. “Howard has nearly tripled its asset size since its capital raise in 2012 and is now achieving the size and scale that is so important in the highly regulated and highly competitive banking industry today. It also demonstrates our disciplined ability to deploy capital quickly and in a way that supports growth both organically and by acquisition.”

“We are pleased to welcome Patapsco’s employees and customers to Howard Bank and welcome Thomas O’Neill and Gary Bozel to our board of directors. We are confident that their commitment and dedication will constitute a vital component of our success going forward,” concluded Scully.

Griffin Financial Group, LLC acted as financial advisor and placement agent to Howard, and Ober Kaler acted as its legal counsel. Patapsco was advised by Keefe, Bruyette & Woods, Inc. and its legal counsel was Kilpatrick Townsend & Stockton LLP.

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Baseball Statistics -vs- Household Financial Metrics

Posted: Wednesday, August 26th, 2015 | Posted by: April Marasco in Financial Planning

Orioles Household Finances








PLAY BALL! It’s the heart of the baseball season and, whereas 20 years ago talk about the sport would have centered on the All-Star Game, the trade deadline, and how the pennant races were shaping up, now the chatter is filled with terms like “Wins Above Replacement” and “Defense-Independent ERA.”For better or worse, advanced metrics have taken hold in baseball.

What is interesting about the transformation of so many sports nuts into (more…)

Is Your Small Business Bleeding Money? Here’s How to Stop It

Posted: Friday, August 21st, 2015 | Posted by: April Marasco in Small Business

“We need to talk about the project budget…”

No phrase can strike fear into the heart of junior and senior management alike quite like an urgent email to discuss the budget.

If you’re a project manager, you know all too well how difficult it can be to keep projects on time and on budget. Between changing project scope, unrealistic client demands, and unexpected setbacks, managing a project can oftentimes feel like herding cats. (more…)

How Does Student Debt Impact Your Mortgage?

Posted: Wednesday, August 19th, 2015 | Posted by: April Marasco in Mortgage

Let’s say you’re a recent college grad. You’ve landed your first real job (or maybe you’ve been working it for a while already) and after years of dorms and apartments, you’re realizing you might as well start building equity in a place of your own.

You wouldn’t be alone. Though you’ll see articles all over the place insisting that millennials just aren’t interested (more…)

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