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Howard Bancorp completes public offering of common stock

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Howard Bancorp completes public offering of common stock

Howard Bancorp Inc. completed its previously announced common stock offering priced at $15 per share.

The Ellicott City, Md.-based company sold 2,760,000 common shares in the offering, including the exercise in full by the underwriters of their option to purchase an additional 360,000 shares.

Howard Bancorp received around $41.4 million in gross proceeds from the offering.

Raymond James & Associates Inc. acted as book-running manager, while Stephens Inc. acted as lead manager.