Company Profile for Howard Bancorp, Inc.

Howard Bancorp, Inc. is the holding company for Howard Bank. Opened in August of 2004, Howard Bank is the only locally owned and locally operated bank in Howard County, Maryland.

Howard Bank is an organization with the intent to serve small businesses operating in Howard County and their owners and employees, as well as other professionals living in Howard County. Howard County is one of the fastest growing counties in Maryland with a well-educated and well-compensated labor force.

Our market will be served through four branch offices - located in eastern Ellicott City, Columbia, Laurel, and in western Ellicott City, Maryland (estimated opening date in the second quarter, 2007) and additionally through the operation of couriers picking up non-cash deposits and non negotiable documents throughout the county.

Howard Bank is the only bank in the county focused exclusively on the needs of the county and specifically the only bank operating in the county focused on the business and professional segment. Four physical branches will allow us to better serve those businesses in that immediate area but will also allow us, in the immediate radius of those branches, to operate as a traditional community bank - focused on broader mass market needs and assisting in the development of those contiguous communities. These branches will also serve as public markers of the bank's presence, improving access to broader funding sources and thus improving overall net interest margins, creating greater efficiencies in advertising and promotional expenditures and, therefore, leading to greater profitability. Land in the county, given its relatively small size but very attractive location between the cities of Baltimore and Washington, is both scarce and becoming more costly. Seizing limited attractive opportunities to locate in high traffic, high visibility, growing areas of the county will, we believe, ultimately position the bank well as those types of locations become increasingly scarce.

The Bank's headquarters is located at Columbia 100 Corporate Park in Ellicott City (6011 University Blvd). A full service branch is located on the ground floor of the same building. A separate drive-thru facility is adjacent to this building. A second branch is located in the Hickory Ridge Village shopping center in Columbia (6430 Freetown Rd.) and consists of the branch and a 3 lane remote drive-thru facility. A third branch is located in Laurel, Howard County, Maryland (Johns Hopkins Road and Old Columbia Road). This branch opened in the third quarter of 2006. The branch is a full service branch and consists of 3,200 square foot walk-in and drive-thru facility. The branch was built on a leased pad site. An approved fourth branch will be located in Ellicott City, Maryland (10163 Baltimore National Pike). This proposed branch is projected to open in the first quarter of 2007. The proposed branch will be a full service branch and will consist of approximately 3,200 square feet and a drive-thru facility.

Howard Bank offers a broad range of commercial and retail banking services.

Company:               <
Howard Bancorp, Inc.
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Headquarters Address:  <
6011 University Boulevard
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Suite 370
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Ellicott City, MD 21045
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Main Telephone:        <
[phone]
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Website:               <
www.howardbank.com
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Ticker:                <
HBMD(OTCBB)
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Type of Organization:  <
Public
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IR
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Industry:              <
Finance
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Key Executives:        <
Chair, CEO: Mary Ann Scully
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CFO: George Coffman
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Investor Relations     <

Contact:               <
George Coffman
Phone:                 <
[phone]
Email:                 <
[e-mail]