Howard Bank is exiting the mortgage business so it can focus on commercial banking. Parent company Howard Bancorp Inc. disclosed in its fourth-quarter report Tuesday that it has entered into an agreement with some managers in its mortgage division to release them from their contracts and allow them to form a new company in order to buy Howard Bank’s mortgage business. Howard Bank (NASDAQ: HBMD), which became the biggest Baltimore-based bank since Mercantile Bankshares with a $163.4 million purchase…
from https://www.bizjournals.com/baltimore/news/2020/01/22/howard-bank-is-exiting-the-mortgage-business.html?ana=RSS&s=article_search
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