Howard Bancorp, Inc.

Howard Bancorp, Inc. is a financial institution providing a diverse array of banking services tailored to individuals and businesses, focusing on enhancing customer engagement and operational efficiency through its digital platforms. Howard Bancorp, Inc. is a Maryland-based bank established in 2004 in Ellicott City, US.

The institution has remained focused on serving its local market and does not have any known subsidiaries. Mary Scully currently serves as the CEO of the company. Howard Bancorp, Inc. offers a comprehensive suite of banking products and services designed for both personal and business customers.

Key offerings include personal and small business online banking, mobile banking, and treasury management services. The bank’s personal banking solutions enable clients to conduct routine transactions, track investments, and manage financial goals via a user-friendly digital platform. For business clients, Howard Bancorp provides specialized services, including cash management tools and business online banking, helping streamline operations for small to medium-sized enterprises. The bank primarily serves customers across the United States, particularly in Pennsylvania and surrounding areas, ensuring accessible financial services.

Revenue for Howard Bancorp, Inc. is generated through a variety of banking operations, including fees for account maintenance, transactional services, and interest income from loans. Business clients engage in transactions such as fund transfers and treasury management, contributing to the bank's overall performance. Clients often access services through a structured fee model, with businesses incurring charges for advanced features.

The bank's core products include robust online and mobile banking platforms, which facilitate efficient banking experiences for both individual and business clients, creating a consistent operational revenue stream. Howard Bancorp, Inc. is currently focused on enhancing its product offerings and expanding its market presence. The bank plans to launch several new digital banking features aimed at improving customer engagement by the end of the fiscal year.

Additionally, the company is exploring opportunities to expand its services into new geographic markets, targeting regions in the Mid-Atlantic by 2025. The recent funding will be utilized to support these growth initiatives, enabling the bank to invest in technology and infrastructure to better serve its clients.