Howard Bancorp, Inc. (NASDAQ:HBMD) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03 Amendments to Articles of Incorporation or Bylaws;
Change in Fiscal Year.
with the Maryland State Department of Assessments and Taxation,
Articles of Amendment (“Articles of Amendment”) increasing the
aggregate number of shares of common stock the Company is
authorized to issue from 10,000,000 shares to 20,000,000 shares.
the Articles of Amendment on January 19, 2017. The Company’s
Articles of Incorporation, in accordance with Maryland law,
authorize the Board to increase the number of authorized shares
of the Company’s stock that the Company has the authority to
issue without action by the Company’s stockholders.
stock of the Company from fifteen million shares, consisting of
ten million shares of common stock, with a par value of $0.01 per
share, and five million shares of preferred stock, with a par
value of $0.01 per share, to twenty five million shares,
consisting of twenty million shares of common stock, with a par
value of $0.01 per share, and five million shares of preferred
stock, with a par value of $0.01 per share.
the filing date of January 23, 2017, is attached hereto as an
exhibit.
| 3.3 |
Articles of Amendment of Howard Bancorp, Inc. filed with
the Maryland State Department of Assessments and Taxation on January 23, 2017 |
About Howard Bancorp, Inc. (NASDAQ:HBMD)
Howard Bancorp, Inc. is the bank holding company of Howard Bank. The Company’s primary business is to own all of the capital stock of Howard Bank. The Company operates through Community Banking segment. Howard Bank is a trust company, which has approximately four operating subsidiaries. The Company offers a range of services to its customers, including wire transfer services, automated teller machine (ATM) and check cards, ATMs at all of its service branch locations, safe deposit boxes at all service locations and credit cards through a third-party processor. Additionally, it provides Internet banking services to its customers and merchant card services for its business customers. The Company’s primary market focus is on making loans to and gathering deposits from small and medium size businesses and their owners, professionals and executives, and high-net-worth individuals in its primary market area. Howard Bancorp, Inc. (NASDAQ:HBMD) Recent Trading Information
Howard Bancorp, Inc. (NASDAQ:HBMD) closed its last trading session up +0.35 at 15.85 with 9,494 shares trading hands.