On March 25, 2015 the board of directors of Howard Bancorp Inc. and Howard Bank, appointed Karen D. McGraw as a member of the Board of Directors of the Company and Howard Bank effective immediately. Ms. McGraw will be a member of the Compensation Committee of the company and Howard Bank, and will receive the same compensation as currently paid to its other Board members. The Board of Directors did not elect Ms. McGraw pursuant to any arrangements between Ms. McGraw and the company, Howard Bank or any other person.

There are no significant transactions between Ms. McGraw and the Company or Howard Bank.