As of its independent operation, Mary Ann Scully was the President and Chief Executive Officer of Howard Bank. She also chaired the bank's board of directors during her tenure.
However, it is crucial to note that Howard Bank ceased to operate as an independent entity following its merger with M&T Bank. This acquisition was completed in December 2021. Consequently, Howard Bank no longer has a distinct Chief Executive Officer.
Mary Ann Scully's Leadership Role
Mary Ann Scully played a significant role in guiding Howard Bank through its growth and strategic direction. Her responsibilities as President and CEO encompassed a broad range of leadership duties essential for the bank's success and governance.
Key aspects of her leadership included:
- Strategic Oversight: Leading the overall strategic planning and execution for the bank.
- Executive Management: Directing the day-to-day operations and management team.
- Board Leadership: Chairing the board of directors, providing governance and oversight for the institution.
The Evolution of Howard Bank
Howard Bank, a community-focused financial institution, expanded its presence and services significantly before its integration into a larger banking structure. The merger with M&T Bank marked a pivotal transition, aligning Howard Bank's operations and customer base with a prominent regional and national bank.
Key Details of the Merger:
| Detail | Description |
|---|---|
| Acquiring Bank | M&T Bank |
| Acquired Entity | Howard Bancorp, Inc. (parent company of Howard Bank) |
| Completion Date | December 2021 |
| Outcome | Howard Bank's operations were fully integrated into M&T Bank |
This acquisition allowed M&T Bank to strengthen its footprint in the Mid-Atlantic region, while Howard Bank's customers transitioned to M&T Bank's broader network and services. For more information on this significant industry event, refer to official announcements such as M&T Bank's press release on the acquisition of Howard Bancorp: M&T Bank Completes Acquisition of Howard Bancorp.
