Merger • Financial Services

Howard Bank Acquires Patapsco Bancorp

On August 31, 2015, Howard Bank acquired financial services company Patapsco Bancorp for 10M USD

Acquisition Context
  • This is Howard Bank’s 1st transaction in the Financial Services sector.
  • This is Howard Bank’s largest (disclosed) transaction.
  • This is Howard Bank’s 1st transaction in the United States.
  • This is Howard Bank’s 1st transaction in Maryland.

Explore All 383 Merger Financial Services Deals - Search the Database Free


M&A Deal Summary

Date August 31, 2015
Target Patapsco Bancorp
Sector Financial Services
Buyer(s) Howard Bank
Deal Type Merger
Deal Value 10M USD
Advisor(s) Keefe, Bruyette & Woods (Financial)
Kilpatrick Townsend & Stockton (Legal)

Target Company

Patapsco Bancorp

Dundalk, Maryland, United States
Patapsco Bancorp, Inc. is a community bank company.
Explore More Deals

Browse All 215,156 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

Howard Bank

Baltimore, Maryland, United States

Category Company
Founded 2004
Sector Financial Services
Employees235
Revenue 84M USD (2020)
DESCRIPTION

Howard Bank is a bank holding company. Its principal operating subsidiary Howard Bank is a growth-focused community bank serving businesses, professionals and individuals. Howard Bank was founded in 2004 and is based in Baltimore, Maryland.


Deal Context for Buyer #
Overall 1 of 2
Sector: Financial Services 1 of 2
Type: Merger 1 of 1
State: Maryland 1 of 2
Country: United States 1 of 2
Year: 2015 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-15 First Mariner Bank

Baltimore, Maryland, United States

First Mariner Bank is a Maryland based community bank operating primarily throughout the central region of Maryland. First Mariner is an independent bank and operates 18 branches. First Mariner Bank was founded in 1920 and is based in Baltimore, Maryland.

Buy -