Howard Bank Names Robert L. Carpenter, Jr. Chief Financial Officer and Executive Vice President of the Bank and of Howard Bancorp

BALTIMORE, MD, June 9, 2020 – Howard Bank, a community-focused commercial bank serving businesses, professionals, and individuals in the Greater Baltimore area, today named Robert L. Carpenter, Jr. Chief Financial Officer and Executive Vice President of the bank and of parent company, Howard Bancorp. Carpenter has served as interim Chief Financial Officer of the bank and the parent company since February 3, 2020.

Carpenter, who has more than 30 years of financial services experience, will report directly to Mary Ann Scully, Chairman and CEO of Howard Bank,

“We are pleased to welcome Bob as a permanent member of our team,” Scully said. “His extensive experience in the financial services industry in the state of Maryland with very large institutions as well as smaller community banks, his deep comfort with the transparency and sophistication demands of an SEC registrant listed on NASDAQ , his strategic skills and deep industry connections ensure the bank remains on a platform for future growth.”

“The addition of Bob demonstrates our team’s focus on achieving financial excellence,” Rob Kunisch, President and COO added. “His already demonstrated skills in developing staff, attracting talent and creating a collaborative dynamic with the entire executive team makes him a welcomed strategic partner for myself and our colleagues.”

Over his career, Carpenter has developed extensive knowledge in the areas of strategic planning, mergers and acquisitions, financial analysis, internal and external management reporting and the ability to be effective from both a big picture and on the ground. 

Scully and Kunisch as well as other senior executives at Howard Bank know Carpenter well, and a number have worked with him in the past.

“I am honored to be a member of this talented team of banking professionals,” Carpenter said. “During my four months as interim CFO, I have been impressed by the level of dedication and commitment throughout the organization. As we navigate this “new normal,” I see in Howard Bank a strong, local community bank that is well-positioned to thrive in this environment.”

Carpenter began his banking career at MNC Financial Inc., the parent company of Maryland National Bank, where he held various positions in financial management over a 10-year period. In 1993, he joined Allfirst Bank where he spent 10 years ultimately becoming Executive Vice President and controller. A $17 billion asset regional bank, Allfirst was acquired by M&T Bank in 2003.

Following his work at Allfirst, Carpenter held controller positions at the Wall Street Institute International, a private equity-owned company based in Baltimore, and Bay Bank. He joined Damascus Community Bank as CFO in 2014 and was later named acting co-Chief Executive Officer until it was acquired by Old Line Bank. Carpenter was then the Executive Vice President and CFO of Maryland Financial Bank, a state-chartered bankers’ bank in Towson, MD.

He holds a Bachelor of Science Degree in Accounting and is a Certified Public Accountant in the State of Maryland.

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