On August 28, 2015, Howard Bancorp Inc., the parent company of Howard Bank, completed its acquisition of Patapsco Bancorp Inc. the parent company of The Patapsco Bank (Patapsco Bank), through the merger of Patapsco Bancorp with and into the company (the merger). The merger was consummated pursuant to the agreement and plan of merger dated as of March 2, 2015, by and between the company and Patapsco Bancorp, as amended (the merger agreement). Pursuant to the merger agreement, as of August 28, 2015, the Board of Directors of Howard Bancorp Inc. and Howard Bank appointed Thomas P. O'Neill, former Chairman of the Board of Patapsco Bancorp, and Gary R. Bozel, a former director of Patapsco Bancorp, to their boards of directors.

Mr. O'Neill was appointed to the Strategic Growth Initiatives Committee of Howard Bancorp and Mr. Bozel was appointed to the Audit Committee of the company and Howard Bank.