M&A Deal Summary

Howard Bank Acquires Patapsco Bancorp

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2015-08-31
Target Patapsco Bancorp
Sector Financial Services
Buyer(s) Howard Bank
Deal Type Merger
Deal Value 10M USD
Advisor(s) Keefe, Bruyette, & Woods, Inc. (Financial)
Kilpatrick Townsend & Stockton LLP (Legal)

Target

Patapsco Bancorp

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

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Buyer(S) 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 STATS #
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.

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Legal