Howard Bank was founded in 2004 and established its headquarters in Howard County, MD. The founders of Howard Bank saw a need for a local bank, with local expertise, to help small and medium sized businesses in the Baltimore Metropolitan Market. The bank made a strategic decision to focus on the Baltimore Market as opposed to the Washington, DC market largely primarily due to the stronger relationship orientation that exists in Baltimore. Relationships are the cornerstone to the principals at Howard Bank. At Howard Bank, we enjoy meeting new business owners and learning about what makes their business a success. Through these conversations, we look for opportunities to help businesses grow, either through a direct partnership or by making introductions to others in our community who may serve as a partner or as a client. Our banking professionals have years of experience helping businesses realize their full potential. Equally as important, we enjoy helping the business owners and their employees manage their financial needs.
In the early years, Howard Bank recognized the importance of having local branch offices to serve our clients’ needs but we also realized the importance of meeting our clients when and where they prefer. As a startup business ourselves, we understand the importance of time and we’ve tailored our delivery to bring the bank to our customers. With appointment banking, we will meet you in your office, in our office, in a coffee shop, on the golf course, or anywhere else you’d like to meet. We’re flexible both with location and time. We also understand the importance of having cutting edge technology to help our clients manage their finances in this fast-paced life.
As of October 2016, Howard Bank is over $1 Billion in assets and has 13 branch office locations up and down the I-95 corridor and around the I-695 beltway. The bank is strategically positioned to serve the financial needs of clients in the greater Baltimore Metropolitan and we continue to look for expansion opportunities to further grow relationships in our market.
The parent of Howard Bank announced the $163.4 million acquisition of 1st Mariner Bank in August 2017, creating the Baltimore area’s largest locally based bank with 21 branches and more than $2 billion in assets.
Below are a few of the most commonly asked questions. The full list of FAQ’s can be accessed here.
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 VAMortgage.com 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.
Howard Bank was founded in 2004 to be the go-to commercial bank in the Baltimore Metropolitan market. Through both organic and acquired growth, Howard Bank has grown to $1.1 Billion in assets with 13 branches in the markets it serves. After the merger with 1st Mariner Bank, Howard Bank will be the 7th largest bank in the Baltimore metropolitan market.
Yes, Howard Bank has a robust line of business and consumer products and services including a comprehensive online and mobile banking platform.
At this time, whether your account is at Howard Bank or 1st Mariner Bank, there will be no impact on your bank account(s). If your account is affected as part of an account migration process that will take place in May of this year, we will communicate separately and directly with you to ensure a smooth transition.