Richard Morgan Joins Howard Bancorp Bank

Richard J. Morgan has been elected a director of Howard Bancorp and Howard Bank, Mary Ann Scully, President and CEO, has announced.

Morgan was one of the founders and served as President /CEO of CommerceFirst Bank, his second de novo bank, until its sale to Sandy Spring Bank. He is a past President/CEO of the Anne Arundel County Economic Development Corporation. He has held leadership positions in other commercial banks in New York and Maryland, and was the Vice President of Finance and CFO of Phillips Corporation of Columbia, MD, for which he currently provides management consulting services. Morgan served on the Federal Reserve Bank Board of Richmond.

“Rick is an exciting addition to our board,” Scully said. “His deep industry and leadership experiences as a successful bank CEO combined with his intimate knowledge of Anne Arundel County – a market where we are interested in increasing our impact – make this a most beneficial opportunity for Howard Bancorp and its stakeholders,” she added.

Howard Bank is celebrating its 10th anniversary. Headquartered in Ellicott City, Howard Bank now operates 13 full service branches in the Greater Baltimore Area and also regional offices in Annapolis, Rising Sun, Timonium and Towson, in addition to its mortgage operations throughout the Central Maryland area.