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Howard Bancorp Announces Agreement to Acquire 1st Mariner Bank

ELLICOTT CITY, Md.--(BUSINESS WIRE)--Howard Bancorp, Inc. (Nasdaq:HBMD) (“Howard”) and 1st Mariner Bank (“1st Mariner”) jointly announced today the signing of a definitive agreement and plan of reorganization whereby Howard will acquire 1st Mariner. Upon the closing of the transaction, 1st Mariner will merge with Howard’s wholly owned bank subsidiary, Howard Bank, and the combined organization will operate under the Howard Bank name and be headquartered in 1st Mariner’s existing Baltimore city location.