Howard Bank and NBRS Financial Bank (NBRS), have entered into an agreement for Howard Bank to purchase the NBRS Bank branch located at 800 Revolution Street, Havre de Grace.
“Howard Bank has been very favorably impressed by our experiences in Harford County since our purchase of a branch in Aberdeen and the opening of a de novo branch in Bel Air,” Howard Bank President and CEO Mary Ann Scully said. “The community has opened its arms to us and welcomes our commitment to serve them as a sophisticated local bank and our interest in growing with them. We appreciate this opportunity to extend both our presence and our commitment in this attractive market.”
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The completion of the transaction is expected to be completed in the third quarter of 2014.
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About Howard Bancorp, Inc.
Howard Bancorp, Inc. is a bank holding company with total assets of $499 million as of December 31, 2013. Its principal operating subsidiary, Howard Bank, is a growth-focused community bank serving businesses, professionals and individuals in the Greater Baltimore area through eight full service branches and also regional offices in Annapolis and Towson, MD. Howard Bank is a wholly owned subsidiary of Howard Bancorp, Inc. (NASDAQ: HBMD). For information, call 410-750-0020 or visit www.howardbank.com
