Howard Bancorp, Inc. (Howard Bancorp) is a bank holding company for Howard Bank, a trust company operating as a commercial bank. The Bank is engaged in a general commercial banking business, making various types of loans and accepting deposits. It markets its financial services to small to medium-sized businesses and their owners, professionals, and high-net-worth individuals. The Company offers a variety of deposit accounts with a range of interest rates and terms. The Company has four full service branches located Ellicott City, Columbia, Laurel and western Ellicott City, Maryland. In addition, during the fiscal year ended September 30, 2011, fiscal 2011), it opened a fifth branch in Anne Arundel County in the Annapolis Exchange Building located in Annapolis, Maryland. This fifth branch provides all services except for cash services. At September 30, 2011, the Bank had loans outstanding, net, of $267.2 million and deposits of $251 million.