Howard Bank and Cecil Bank finalize the Agreement for Howard Bank to Buy Aberdeen, Maryland Branch from Cecil Bank

  Howard Bank and Cecil Bank finalize the Agreement for Howard Bank to Buy
  Aberdeen, Maryland Branch from Cecil Bank

Business Wire

ELLICOTT CITY, Md. -- August 19, 2013

Howard Bancorp, Inc. (NASDAQ:HBMD) and Cecil Bancorp, Inc. (OTCBB: CECB) today
jointly announced that their respective banking subsidiaries, Howard Bank and
Cecil Bank, have completed the sale of Cecil Bank’s branch located at 3 West
Bel Air Ave., Aberdeen, MD 21001 to Howard Bank pursuant to a purchase and
assumption they entered into in March 2013.

Pursuant to the sale, Howard Bank has acquired $37.1 million in loans and
$35.2 million in deposits from Cecil Bank.

Mary Ann Scully, Howard Bank’s President and CEO, said of the transaction, “As
we noted when we announced our agreement with Cecil Bank in the spring, Howard
Bank’s successful track record of organic growth in the attractive markets of
Greater Baltimore - our birthplace in Howard County, our developing presence
in Anne Arundel County and our announced branch in Towson, is now complemented
by our extension into the Harford County market through the acquisition of the
Cecil Bank branch in Aberdeen. We are excited by the opportunities presented
by the chance to serve this uniquely attractive suburban marketplace and we
are presently seeking to expand our commitment to the county by searching for
an additional location in the Bel Air marketplace. We look forward to working
both with our new customers and with the business community at large.”

Mary Halsey, Cecil Bank’s Vice Chairman and COO, stated, “We have been working
diligently over the course of the past few months to seamlessly transition our
Aberdeen customer base into Howard Bank’s organization. This transaction,
which will involve approximately 10% of our deposits, is part of our ongoing
strategy to strengthen our capital position as we concentrate on our core
markets. Most importantly, the capital impact of the transaction reinforces
our ability to meet the financial needs of our current and new customers,
while focusing on building shareholder value. We are especially pleased that
our branch customers and employees will find a new home at a bank that shares
our culture and values.”

Griffin Financial Group acted as financial advisor to Howard Bank. Ober|Kaler
served as legal counsel to Howard Bank and Spidi & Fisch, PC and Venable
served as legal counsel to Cecil Bank.

About Howard Bancorp, Inc.

Howard Bancorp, Inc. is a bank holding company with total assets of $415
million as of June 30, 2013. Its principal operating subsidiary, Howard Bank,
located in Ellicott City, MD, is a growth-focused community bank serving
businesses, professionals and individuals in the Greater Baltimore area
through five full service branches and a regional office in Annapolis, MD.
Howard Bank is a wholly owned subsidiary of Howard Bancorp, Inc. For
information, call 410-750-0020 or visit

About Cecil Bancorp, Inc.

Cecil Bancorp, Inc. is the parent company of Cecil Bank, headquartered in
Elkton, Maryland, with 14  locations in Harford and Cecil Counties, Maryland.
Cecil Bank is a full-service, community-oriented financial institution
dedicated to serving the financial services needs of consumers and businesses
within its market area. At June 30, 2013, Cecil Bancorp, Inc. had consolidated
assets of $430.0 million.


Howard Bank
Mary Ann Scully
President and Chief Executive Officer
Cecil Bank
Mary B. Halsey
President and Chief Executive Officer
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