Create Account
Log In
Dark
chart
exchange
Premium
Terminal
Screener
Stocks
Crypto
Forex
Trends
Depth
Close
Check out our API


Shares of Howard Bancorp, Inc. (HBMD) are up more than 28% after the company announced its decision to being bought by F.N.B. Corporation (FNB), in an all-stock transaction valued at $21.96 per share or $418 million.


RTTNews | Jul 13, 2021 11:01AM EDT

11:00 Tuesday, July 13, 2021 (RTTNews.com) - Shares of Howard Bancorp, Inc. (HBMD) are up more than 28% after the company announced its decision to being bought by F.N.B. Corporation (FNB), in an all-stock transaction valued at $21.96 per share or $418 million.

Howard, that operates 13 full-service banking offices in Baltimore and the greater Washington, D.C. area, had about $2.6 billion in total assets, $2 billion in total deposits and $1.9 billion in total loans and leases at March 31, 2021. FNB expects the acquisition to add 4% to its earnings.

"FNB and Howard share a deep cultural commitment to client and community service. Combined, we will have the sixth largest deposit share in the Baltimore market, reinforcing our strong presence and presenting our organizations with the opportunity to deliver an enhanced experience for our customers, communities and dedicated teams," said Vincent J. Delie, Jr., Chairman, President and Chief Executive Officer of F.N.B. Corporation.

The transaction is expected to be completed in early 2022. HBMD touched a new high of $20.42 this morning. The stock is currently at $20.

Read the original article on RTTNews ( https://www.rttnews.com/3208752/howard-bancorp-surges-on-decision-to-be-bought-by-f-n-b-corp.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved






Share
About
Pricing
Policies
Markets
API
Info
tz UTC-4
Connect with us
ChartExchange Email
ChartExchange on Discord
ChartExchange on X
ChartExchange on Reddit
ChartExchange on GitHub
ChartExchange on YouTube
© 2020 - 2025 ChartExchange LLC