Griffin Financial Advises Howard Bank in Assumption of $35.2 Million in Deposits and Acquisition of $37.1 Million in Loans and One Branch Location From Cecil Bank

Howard Bank, a wholly owned subsidiary of Howard Bancorp, Inc. (NASDAQ: HBMD), is a 2004 de novo headquartered in Ellicott City, MD, with total assets of $402 million at December 31, 2012. Howard is a growth-focused community bank serving businesses, professionals and individuals in the Greater Baltimore area. The Bank currently operates five full service branches in Howard and Anne Arundel Countieswith plans underway to expand its footprint into Baltimore County.

The Cecil branch location acquired by Howard is located at 3 West Bel Air Avenue in Aberdeen, MD. This new location allows Howard Bank to extend its footprint into Harford County, which presents many opportunities for Howard to leverage its retail and commercial banking expertise and its successful track record of organic growth in the Greater Baltimore marketplace. The acquisition also greatly complements the Bank’s proposed new branch location in Towson, Maryland.

The transaction was announced on Monday, April 1, 2013, and closed August 22, 2013.

Howard engaged Griffin Financial as its advisor with regard to the branch purchase. Griffin Financial assisted Howard with the identification of the target, financial analysis, diligence review, as well as the negotiation and documentation of the terms of the transaction.

For more information on this transaction, please contact Stacey V. Weikel at 610.478.2015.