Robert A. Altieri to Join Howard Bank

  Robert A. Altieri to Join Howard Bank

Business Wire

ELLICOTT CITY, Md. -- April 22, 2013

Howard Bancorp, Inc. (Nasdaq: HBMD), the parent company of Howard Bank (the
“Bank”), reported that Howard Bank is very pleased to announce that 25 year
banking veteran Robert A. Altieri will join the bank as President of the
Mortgage Division, Executive Vice President of Howard Bank and Head of
Specialty Lending.

Mr. Altieri will join the Howard Bank team in late April. He was most recently
Chief Executive Officer and President of Carrollton Bancorp, Carrollton Bank,
Carrollton Mortgage Services, Inc. and Carrollton Community Development
Corporation where he led each entity over a twelve-year period, prior to the
recent acquisition of Carrollton Bank.

Mary Ann Scully, Howard Bank CEO and President stated "Howard Bank has
consistently and successfully focused on profitable growth. We continue to
gain share in the southern portion of Greater Baltimore in Howard and Anne
Arundel counties and are in the midst of a physical and team expansion into
Baltimore city, and Baltimore County, where we expect to open a branch in
downtown Towson later this year. We most recently announced an agreement,
subject to regulatory approval, to purchase a branch in Harford County from
Cecil  Bank. Bob’s deep executive experience, his unique understanding of the
mortgage market from both a banking and a mortgage company perspectiveand his
broad and deep connections to the Greater Baltimore area will make him an
invaluable asset to Howard  Bank. We are very fortunate to have someone with
his knowledge and experience on board. The combination of the existing team at
Howard Bank, the addition of Bob Altieri, along with our recent addition of
Frank Turner, another long time and well respected Baltimore banker positions
us very well to not only continue our growth, and to accelerate the pace of
our expansion in both size and into new geographic areasbut to significantly
broaden our product set and diversify our revenue stream. We are all excited
by the opportunities ahead of us.”

Mr. Altieri commented “I amexcited about joining Howard Bank and their
management team. Over a short time, they havedemonstrated their ability to
carry out a strategic plan to build the premier community bank in the
Baltimore Metropolitan Area and the future is bright for continued organic
growth and strategic acquisitions. I have no doubt Howard Bank will be viewed
as the premier community bank in our marketplace."

This statements in this press release regarding our anticipated opening of a
branch in Towson, the Bank’s anticipated growth, potential acquisitions and
expansion, including into new geographic areas, and broadening the Bank’s
product set and diversifying its revenue stream, are forward-looking
statements as defined by the Private Securities Litigation Reform Act of 1995
or the Securities and Exchange Commission in its rules, regulations, and
releases. We intend that such forward-looking statements be subject to the
safe harbors created thereby. Such statements are based on our current beliefs
and expectations and are inherently subject to significant business, economic
and competitive uncertainties and contingencies, many of which are beyond our
control. In addition, such forward-looking statements are subject to
assumptions with respect to future business strategies and decisions that are
subject to change. Potential risks and uncertainties include, but are not
limited to, the risk of not receiving any required regulatory approvals,
unexpected changes in real estate values and local and national economic
conditions, unexpected changes in interest rates, and changes in laws or
government regulations or policies affecting financial institutions.
Accordingly, actual results may differ from those expressed in the
forward-looking statements, and the making of such statements should not be
regarded as a representation by the Bank or Howard Bancorp, Inc. that results
expressed therein will be achieved. We do not undertake, and specifically
disclaim any obligation, to publicly release the result of any revisions that
may be made to any forward-looking statements to reflect events or
circumstances after the date of such statements or to reflect the occurrence
of anticipated or unanticipated events.

Contact:

Howard Bancorp, Inc.
George C. Coffman, Chief Financial Officer, 410-750-0020