Patapsco Bancorp Inc (PATD) 4.8000 $PATD
Howard Bancorp Receives Regulatory Approval for the Acquisition of Patapsco Bancorp, Inc.
Business Wire - Tue Jun 09, 3:15PM CDT
Howard Bancorp, Inc. (NASDAQ: HBMD) announced today that it, along with its banking subsidiary, Howard Bank, have received all required regulatory approvals necessary to proceed with the acquisition of Patapsco Bancorp, Inc., and its banking subsidiary, The Patapsco Bank. The transaction will be voted upon by stockholders of both Howard Bancorp and Patapsco Bancorp at meetings scheduled for July 22, 2015. The deal is anticipated to close on or about August 28, 2015, pending stockholder approval.
HBMD: 13.65 (+0.29)
Howard Bancorp, Inc. Completes $25 Million Common Stock Offering
Business Wire - Tue Jun 02, 1:46PM CDT
Howard Bancorp, Inc. (NASDAQ: HBMD, "Howard"
, the parent company of Howard Bank, announced today that it has closed on its previously-announced private placement following receipt of stockholder approval. Howard issued an aggregate of 2,173,913 shares of its common stock at a price of $11.50 per share for approximately $25 million in gross proceeds to a limited number of well-regarded previously disclosed institutional bank investors. Howard solicited these capital commitments over a 30-day period beginning in early February and executed agreements with each investor on March 2, 2015. The purchase price represents the closing price of Howard's common stock on the day the offering was commenced and less than a 10% discount to the rolling 20-day average on the date of announcement of the private placement. Howard intends to use the proceeds of the private placement in part to support its acquisition of Patapsco Bancorp, Inc. ("Patapsco" as well as to support continued organic and acquired growth for the combined institution. Howard has no present intent to use the proceeds of the private placement to redeem its preferred stock issued to the U.S. Department of the Treasury under its Small Business Lending Fund (SBLF) program. The Patapsco transaction is subject to various stockholder and regulatory approvals and is expected to close in the third quarter of 2015.
HBMD: 13.65 (+0.29)
Howard Bancorp: Acquisitive Community Bank Positioned To Outperform
Transcend Event Driven Research - at Seeking Alpha - Thu May 28, 8:30PM CDT
HBMD: 13.65 (+0.29)
Howard Bancorp Receives Regulatory Approval for the Acquisition of Patapsco Bancorp, Inc.
Business Wire - Tue Jun 09, 3:15PM CDT
Howard Bancorp, Inc. (NASDAQ: HBMD) announced today that it, along with its banking subsidiary, Howard Bank, have received all required regulatory approvals necessary to proceed with the acquisition of Patapsco Bancorp, Inc., and its banking subsidiary, The Patapsco Bank. The transaction will be voted upon by stockholders of both Howard Bancorp and Patapsco Bancorp at meetings scheduled for July 22, 2015. The deal is anticipated to close on or about August 28, 2015, pending stockholder approval.
HBMD: 13.65 (+0.29)
Howard Bancorp, Inc. Completes $25 Million Common Stock Offering
Business Wire - Tue Jun 02, 1:46PM CDT
Howard Bancorp, Inc. (NASDAQ: HBMD, "Howard"
, the parent company of Howard Bank, announced today that it has closed on its previously-announced private placement following receipt of stockholder approval. Howard issued an aggregate of 2,173,913 shares of its common stock at a price of $11.50 per share for approximately $25 million in gross proceeds to a limited number of well-regarded previously disclosed institutional bank investors. Howard solicited these capital commitments over a 30-day period beginning in early February and executed agreements with each investor on March 2, 2015. The purchase price represents the closing price of Howard's common stock on the day the offering was commenced and less than a 10% discount to the rolling 20-day average on the date of announcement of the private placement. Howard intends to use the proceeds of the private placement in part to support its acquisition of Patapsco Bancorp, Inc. ("Patapsco" as well as to support continued organic and acquired growth for the combined institution. Howard has no present intent to use the proceeds of the private placement to redeem its preferred stock issued to the U.S. Department of the Treasury under its Small Business Lending Fund (SBLF) program. The Patapsco transaction is subject to various stockholder and regulatory approvals and is expected to close in the third quarter of 2015. HBMD: 13.65 (+0.29)
Howard Bancorp: Acquisitive Community Bank Positioned To Outperform
Transcend Event Driven Research - at Seeking Alpha - Thu May 28, 8:30PM CDT
HBMD: 13.65 (+0.29)
