Howard Bancorp, Inc. Announces Public Offering of Common Stock

ELLICOTT CITY, Md.--(BUSINESS WIRE)--Howard Bancorp, Inc. (Nasdaq:HBMD) (the “Company”), the parent company of Howard Bank, today announced that it has commenced an underwritten public offering of approximately $30 million of its common stock. The underwriters will have a 30-day option to purchase an additional 15 percent of the offered amount of common stock from the Company to cover over-allotments, if any. Raymond James & Associates, Inc. will serve as bookrunning manager and Stephens Inc. will serve as lead manager.