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 OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 22, 2017, Andrew E. Clark resigned from the Board of Directors of Howard Bancorp, Inc. (the “Company”) and Howard Bank (the “Bank”), effective May 24, 2017, which is the date of the 2017 Annual Meeting of Stockholders of Howard Bancorp, Inc. Mr. Clark cited as the reasons for his departure his need to spend more time focused on a new business venture, which would not allow him to commit the same level of engagement to Howard Bancorp, Inc. as he has done for the past 12 years.
Mr. Clark did not resign in connection with any disagreement with the Company, the Bank or its management.
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 +0.50 at 17.80 with 0 shares trading hands.