Howard Bank is opening a branch in Little Patuxent Square in downtown Columbia in the ground-level retail location of the nine-story building.
Little Patuxent Square, set to open in 2016, is one of the first new commercial projects to break ground as part of the Columbia revitalization. The branch is subject to regulatory approval, which is expected shortly.
Headquartered in Ellicott City with three branches , a headquarters and operations center as well as a mortgage center in Howard County, Howard Bank recently increased its portfolio by acquiring the deposits and assets of NBRS Financial Bank after that institution was shut down by regulators.
Howard Bank, now in its 10th year, 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.
“The success of Howard Bank still rests on its promise of a community bank with a growing presence in more communities ready for its brand of expert advice and competitive product suites delivered in a traditional face-to-face approach that acknowledges the value of local knowledge, decision making and policy setting,” said Howard President and CEO Mary Ann Scully.
Little Patuxent Square broke ground in July of this year. It is being developed and built by LPP Investors, a partnership of Kingdon Gould, Jr. and Costello Construction. In addition to 125,000 square feet of Class A office space, dining, shopping and entertainment, the building will include 160 luxury apartments.