Howard Bancorp, Inc. (NASDAQ:HBMD) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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Howard Bancorp, Inc. (NASDAQ:HBMD) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Howard Bancorp, Inc. (NASDAQ:HBMD) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 22, 2020, the Board of Directors of Howard Bancorp, Inc. (the “Company”) and its wholly-owned subsidiary, Howard Bank (the “Bank”), appointed Robert D. Kunisch, Jr. as Chief Operating Officer of the Company and Bank, effective immediately. Mr. Kunisch will continue to serve as the President of the Company and Bank.
Prior to his appointment to the additional role of Chief Operating Officer, Mr. Kunisch, age 52, was appointed as President and as a Director of the both the Company and Bank upon completion of our merger with First Mariner Bank on March 1, 2018. Mr. Kunisch previously served as President and Chief Operating Officer of First Mariner Bank since June 17, 2014 and served as Chief Executive Officer of First Mariner Bank since June of 2017.
In connection with his appointment as Chief Operating Officer of the Company, the Company and Mr. Kunisch did not enter into any new, and did not amend any existing, compensatory arrangements, nor did the Company make any additional grants or awards to Mr. Kunisch.

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.