Howard Bancorp Announces Agreement to Acquire 1st Mariner Bank

Howard Bank information

Howard Bank and 1st Mariner Bank jointly announce the signing of an agreement where Howard Bank will acquire 1st Mariner. Learn more.

Howard Bank is committed to building Baltimore’s Best Business Bank! With any transition, there will be questions that arise as we work through the integration. Our team is committed to making this a smooth process and welcome the opportunity to answer any specific or individual questions that you might have. We have a comprehensive list of frequently asked questions to help guide you through the process.

At this time, whether your account is at Howard Bank or 1st Mariner Bank, there will be no impact on your bank account.  You can continue to use your checks, debit card, and online bank access as usual.  If your account is affected as part of an account migration process, we will communicate separately and directly to ensure a smooth transition.

We are committed to providing the best service while we work through this transaction and beyond. If you cannot find the answer to your question here, please feel free to call our team of expert bankers at 410-750-0020.

Below are a few of the most commonly asked questions. The full list of FAQ’s can be accessed here.

Why are Howard Bank and 1st Mariner Bank merging?

Howard Bank and 1st Mariner Bank share the vision of being the premier business bank in the Greater Baltimore region offering a sophisticated array of products, local underwriting, decision making and policy setting. In addition, too few banks have focused on the Greater Baltimore community as their home market for corporate philanthropy, employee volunteerism and advocacy. The combination of Howard Bank and 1st Mariner Bank enables us to achieve the vision of becoming the region’s leading business bank in a relentless way. Together, we become the largest community bank headquartered in the Baltimore metropolitan market with the 7th largest deposit market share and the second largest commercial loan share.

Further, Howard Bank and 1st Mariner have robust mortgage divisions that have historically delivered strong returns. The combined business is positioned for continued success. The strategies of both banks are similar in that they focus on purchase-money transactions with other diversified channels, including the Consumer Direct Division for Howard Bank and the for 1st Mariner Bank.  However, the strategy of serving homebuyers in a professional manner remains the same. This is yet another clear example of the alignment of the two companies.

What does this transaction mean for me?

As a result of the transaction you will still enjoy many of the services you currently have but you will also have expanded access to additional resources such as branches, ATMs, and expert bankers.  We are committed to building Baltimore’s Best Bank.

Will service be interrupted?

There will be no interruption in service to either Howard Bank or 1st Mariner customers.

Will my deposits still be insured by the FDIC?

Yes, the FDIC will continue to provide deposit insurance up to $250,000 for each of your account ownership categories.


Read the full list of frequently asked questions.

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