Howard Bancorp, Inc. Completes $25 Million Subordinated Debt Offering

BALTIMORE--(BUSINESS WIRE)--Howard Bancorp, Inc. (the “Company”) (Nasdaq: HBMD), the parent company of Howard Bank, today announced the completion of an offering of $25 million in aggregate principal amount of fixed-to-floating rate subordinated notes due December 6, 2028 (the “Notes”), to certain institutional accredited investors. The Company intends to use the net proceeds of the offering for general corporate purposes.