Howard Bancorp to price initial public offering of common stock

Proceeds are for acquisitions, working capital, corporate purposes

By Devika Patel

Knoxville, Tenn., Nov. 28 - Howard Bancorp, Inc. will price a $5 million initial public offering of its common stock, according to a Form S-1 filed Monday with the Securities and Exchange Commission.

Proceeds will be used for potential acquisitions, to contribute to the capital of Howard Bank and for working capital and other general corporate purposes.

The bank holding company is based in Ellicott City, Md.

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