Howard Bank Founder and CEO Mary Ann Scully Named Entrepreneur Of The Year by Ernst & Young


Mary Ann Scully

Howard Bank, a growth-focused community bank serving businesses, professionals and individuals in the Greater Baltimore area, announced today that Mary Ann Scully, its Founder, President and CEO, has received EY’s Entrepreneur Of The Year® 2017 Award in the Maryland region.

A leading banker with more than 30 years of experience, Ms. Scully was selected with other talented area business leaders by a panel of independent judges. The announcement was made at a special gala on Wednesday evening, June 28, 2017, at the Baltimore Marriott Waterfront Hotel.

“To be named Entrepreneur Of The Year by an EY panel of judges is not only thrilling, but humbling, and recognizes the work and dedication of our growing team at Howard Bank,” Ms. Scully said. “It really does take a village – talented teammates, loyal customers, aligned partners, supportive family and friends. For something like this to happen we are blessed.”

A Video Conversation with Mary Ann Scully, CEO of Howard Bank

EY’s Entrepreneur Of The Year awards program, which is celebrating its 31st year, recognizes entrepreneurs who excelin areas such as innovation, financial performance,and personal commitment to their businesses and communities.

Regional award winners are eligible for consideration for the Entrepreneur Of The Year national program. Award winners in several national categories, as well as the Entrepreneur Of The Year Overall National Award winner, will be announced at the Entrepreneur Of The Year National Awards gala in Palm Springs, California on Nov. 18, 2017. The awards are the culminating event of the Strategic Growth Forum™, the nation’s most prestigious gathering of high-growth, market-leading companies. The Entrepreneur Of The Year Overall Award winner then moves on to compete for the World Entrepreneur Of The Year Award in Monaco in June 2018.

Since foundingHoward Bank in 2003,?Ms. Scully has embraced the philosophy that building a?strong?team?is?an essential component to?running a successful, highly competitive business. “We?want to?build?a bank that not only has an impact on the communities?it serves, but leaves a legacy,” said Ms. Scully, who in February spearheaded a more than $41 million capital raise for the bank.?“How do?you leave a legacy??Hire leaders motivated and talented enough to make a difference.”

With more than 300 employees Howard Bank has made significant strides in the past two-and-a-half years. The bank:

  • Was named to the Russell 2000 stock index in June 2017
  • Raised $41.4 million in capital in an oversubscribed offering in January 2017.
  • Topped $1 billion in assets in the third quarter of 2016.
  • Closed a private placement with several highly regarded institutional bank investors, including Baltimore-based T. Rowe Price in 2015. The placement resulted in the issuance of 2.2 million shares of stock, which increased capital by $25 million.
  • Closed on an acquisition of Baltimore-based Patapsco Bancorp, Inc., creating the largest publicly traded bank headquartered in the Greater Baltimore in the third quarter of 2015.
  • Purchased most assets and all the deposits of troubled Rising Sun, Md.-based NBRS Financial Bank in an FDIC assisted transaction that added five branches, roughly $180 million in total assets and $183 million in total deposits in October 2014.

About Howard Bank

Howard Bancorp is a bank holding company with total assets of $1.049billion atMarch 31, 2017. Its principal operating subsidiary, Howard Bank, is a locally owned and managed, growth-focused community bank serving businesses, professionals and individuals in the Greater Baltimore Metropolitan Area through 13full service branches. Howard Bank is a wholly owned subsidiary of Howard Bancorp (NASDAQ: HBMD). For more information, visit,?

About Entrepreneur Of The Year®

Entrepreneur Of The Year®, founded by EY, is the world’s most prestigious business awards program for entrepreneurs, chosen from an independent panel of judges including entrepreneurs and prominent leaders from business, finance, and the local community. The program makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global awards

program of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in over 145 cities and more than 60 countries.

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