Chairman of the Board of Directors, John D. Lewis The bank conducts general banking business in seven branch locations and primarily serves the Baltimore, Maryland Metropolitan area. The Harbor Bank of Maryland is one of few remainingBaltimore-based community banks and was founded, in part, to make capital available tocreditworthy borrowers who were otherwise unable to access bank capital. The Harbor Bank of Maryland. With a focus on strengthening the capital base, in early 2021, the Corporation . You also have the option to opt-out of these cookies. The Bank conducts general banking business in six branch locations; primarily serving the Baltimore, Our goal is to be the combination of a nimble and opportunistic firm which moves at the speed of responsible innovation (enabled by the lack of substantial legacy costs and technological debt) married with the deep history, impact and purpose that serves as our foundation. This week, JPMorgan Chase will open our first branch in Cherry Hill, a Baltimore neighborhood that has lacked access to financial services from a national bank for far too long. ATM Available. The website does not include all financial services companies or all of their available product and service offerings. If you'd like to learn more about the history and impact, read through ourBlack-owned banks and credit unionsguide. 1000 Lancaster Street, Suite C. Baltimore, Maryland 21202. The Harbor Bank of Maryland 25 W. Fayette Street Baltimore, Maryland 21201 (410) 528-1800 NMLS# 417182 Routing #052001772 The $1.2 million PPP loan it secured from Harbor Bank helped Park West with utilities, payroll and rent, among other things. The retail nature of the Bank allows for diversification of depositors and borrowers so it is not dependent upon a single or a few customers. The Harbor Bank of Maryland is certified as a community development financial institution (CDFI). Up to $250,000 per depositor is safe in the Harbor Bank of Maryland bank accounts. Municipal Employees Credit Union of Baltimore, NCUA insured. Five Questions for Joseph Haskins Jr., head of Harbor Bank - Baltimore Sun Headquartered in downtown Baltimore, Harbor Bank now has six locations, mostly in the city. Remote deposit, positive pay, merchant services, sweep accounts, remote capture, business credit cards, 24-hour telephone banking, night depository, lockbox services, overdraft protection. Get our free e-alerts & breaking news notifications! Prior to combining and consolidating her knowledge of law and business, she spent one year finishing 1L courses at Suffolk University Law School to further her legal knowledge. Joseph Haskins Email & Phone Number - The Harbo.. | ZoomInfo . The bank is proud of being the first community bank in the country to have an Investment Subsidiary, Harbor Financial Services. After serving as Harbor Bank of Marylands president and chief operating officer for nearly three years, John Lewis was promoted to chief executive officer in April. She has written about personal finance for seven years. We are a proud partner to all these banks as each serves as a cornerstone to the communities they serve, said Gigi Dixon, Wells Fargos head of external engagement for diverse segments, representation and inclusion. The analogy is the telecommunications industry where countries were able to leapfrog investment in fixed communications infrastructure and move directly into cell phones. About Us. As of December 31, 2016, Harbor Bank's assets were $254 million. Before joining Insider, she served in various legal and compliance roles in different industries, including the legal and pharmaceutical industries. Initiate ACH and Wire Transactions. The Bank also has a branch in Riverdale, Prince Georges County, Maryland. Terms apply to offers listed on this page. Choose from a Statement Savings, Money Market Savings, or Investment Money Market account. Make purchases, shop online use your card anywhere VISA is accepted. Ten years later,[], Leaders of a Hollywood actors union voted to join screenwriters in the first joint strike in more than six dec[], A second round of grants is part of Marylands push to ensure the recreational cannabis industry creates opp[]. Fixed Rate of Return (typically higher rates with longer terms). Harbor Banks Mortgage Department was the first in the State of Maryland to receive Fannie Mae funding under the Community Development Financial Institution (CDFI) Program. He went on to earn a masters degree from Harvard Business School in 2004. Fee-only vs. commission financial advisor, Municipal Employees Credit Union of Baltimore, Learn more about how Personal Finance Insider chooses, rates, and covers financial products and services , Read more about how Personal Finance Insider chooses, rates, and covers financial products and services >>, Are banks open today? And, with one of the most reliable networks in the industry you can be assured of quick connections and safe. The PPP program, despite its flaws, has been a critical lifeline for businesses. The Bank offers products and services including saving accounts, deposits, mortgage and construction loans, cash management, certificates of deposit, investment fund, credit and debit cards, insurance, and online banking services. small towns seek economic development while preserving rural character, Judge consolidates 2 gun lawsuits against Md., including from NRA, Ravenell appealing money laundering conviction to U.S. Supreme Court after 4th C[], D.C. lawyer suspended for practicing law in Maryland without license, Angelos, Moore say Camden Yards deal coming soon but decline to provide details, One of the most challenging aspects of mediating multiparty disputes is the allocation of liability [], The use of artificial intelligence in the workplace has prompted the Equal Employment Opportunity Co[], The Consumer Financial Protection Bureau,the federal agency responsible for protecting consumers i[], It can be said that the purpose of cross-examination, like all aspects of trial, is to argue the cas[], On June 29, the U.S. Supreme Court held that the use of race as a factor to consider in admissions t[], The Federal Trade Commission is suing Amazon for allegedly tricking customers into signing up for th[], Raiding your retirement accounts can be expensive. Joseph Haskins is CEO of Harbor Bank. Joseph Haskins Current Workplace Joseph Haskins has been working as a Chairman, President & Chief Executive Officer at The Harbor Bank of Maryland for 43 years. Nothing? He has worked as Senior Vice President at Harbor Bank of Maryland/The; Banking Officer, Analyst at FleetBoston Financial Corp; and Founder & Managing Member at Smithsonia Advisors, LLC. 400 students from Morgan State University protested the center's segregation and wound up in jail. AI Can Write, But Is It Any Good at Picking Stocks? If you don't live in Maryland, our best free checking accounts guide has great options. Harbor Bank and JPMorgan Chase's work together also includes two important programs that bring resources directly to small businesses in this community the Paycheck Protection Program and . The Harbor Bank offers checking, savings, time deposits, credit cards, debit card, commercial real estate, personal, home improvement, and other installment and term loans. Harbor Bank and JPMorgan Chases work together also includes two important programs that bring resources directly to small businesses in this community the Paycheck Protection Program and the Entrepreneurs of Color Fund. John Lewis (JL): Mr. Haskins and the board spent years preparing the organization and our stakeholders for his transition to non-executive Chairman. India May Prefer Middle East Crude as Russian Oil Becomes Costly, Apollo Global Builds Team to Target Worlds Top Family Offices, Spike in India Inflation Vindicates Rate Setters Hawkish Stance, After Outlier Call Gone Bad, Goldman Has No Turkey Rate Forecast, ECBs Nagel Sees Hike in July But Data to Decide September, Harlan Crows Real Estate Empire Is Thriving Despite Supreme Court Controversy, Whats Next After Russia Seizes Western Yogurt and Beer: Q&A, Expedia Launches Rewards Program Across Brands, Including Vrbo, Microsoft, Activision Watch Hurdles to $69 Billion Deal Fall, Ford Cuts Price onElectric Version of F-150 Truck by Up to 17%. All rights reserved. She oversees coverage about mortgage rates, refinance rates, lenders, bank accounts, investing, retirement , and borrowing and savings tips for Personal Finance Insider. While at Cornell University, he landed his first internship as an analyst for Fleet Bank in Buffalo, New York. It has CD terms as long as 10 years, whereas most banks cap out at five years. As the COVID-19 pandemic began to rattle businesses nationwide and the federal government launched its Paycheck Protection Program, businesses in Maryland and beyond struggled to process their applications. We are in a relationship-based industry and talent and commitment drive success. Harbor Bank of Maryland/The - Company Profile and News Sophia joined Insider in July 2021 and is an alumna of California State University Fullerton where she studied journalism and minored in political science. Ive always found the direct linkage between preparation, thought, conviction and action to performance and results to be rewarding. For our Harbor Bank of Maryland review, we rated bank products and services using our bank account methodology. Baltimore Sun. The bank celebrated its 40thanniversary last year and he joked that while his task was to wander in the wilderness, my task is to lead the organization into the promised land. Review transaction history. This website stores data such as cookies to enable essential site functionality, as well as marketing, personalization, and analytics. The Bank conducts general banking business in sevenbranch locations; primarily serving the Baltimore, Maryland Metropolitan area, and one loan office in Silver Spring, Maryland. St. Jean, of West Baltimores Reservoir Hill, met Lewis while working in the Mayors Office of Employment Development. Before joining the Insider team, she was a freelance finance writer for companies like SoFi and The Penny Hoarder, as well as an editor at FluentU. Customizable check processing systems designed for business: Electronic Check Conversion Service, Check Guarantee Service, Check Verification Services, Check Recovery Service, and TierFive. But Securityplus is a credit union, so membership is limited to certain people. Your deposits are FDIC insured for up to $250,000, or up to $500,000 for joint accounts. Personal Finance Insider is Insider's personal finance section that incorporates affiliate and commerce partnerships into the news, insights, and advice about money that Insider readers already know and love. Joseph Haskins Jr. | Maryland Daily Record John attended Harvard Business School between 2002 and 2004 and Cornell University. Product name, logo, brands, and other trademarks featured or referred to within Banks.com are the property of their respective trademark holders. May 25, 2021 at 3:44 pm. The Harbor Bank of Maryland is headquartered in BALTIMORE and is the 23 rd largest bank in the state of Maryland. Necessary cookies are absolutely essential for the website to function properly. Take advantage of every opportunity to invest in yourself, Lewis said. This website stores data such as cookies to enable essential site functionality, as well as marketing, personalization, and analytics. The bank's CDs rates are higher than the average account, but you can still more competitive rates at online banks. JPMorgan Chase partnered with Harbor Bank last year to invest $1 million in businesses owned by people of color, Man dies, woman injured in West Baltimore shooting Monday, police say, Catonsvilles Mason Ritter selected as one of two Catonsville-Arbutus Times Male Athletes of the Year, Jockey arrested in April fatal shooting of Parkville High student, Do Not Sell/Share My Personal Information. MBNA - Wikipedia The retail nature of the Bank allows for diversification of depositors and borrowers so it is not dependent upon a single or a few customers. The Daily Record (TDR): When Joseph Haskins Jr. stepped down as Harbor Banks CEO in April, he picked you as his successor. Building acquisition & rehab, construction/renovations, lines of credit (working capital), retail loans, equipment loans, vehicle loans, letters of credit (100% cash secured), Small Business Loans (SBA). Harbor Bank of Maryland has been proudly serving the greater Baltimore Metropolitan area since its inception in 1982. But MECU pays higher rates on savings, checking, and CDs than The Harbor Bank of Maryland. Haskins is the chairman and CEO of the company, which was founded to provide capital to individuals who historically lacked it, Lewis said. JPMorgan Chase has been proud to support a joint venture between Harbor Bank and Combs Enterprises to ensure that small businesses and sole proprietors in minority communities gained access to the Paycheck Protection Program. Copyright 2023 The Harbor Bank of Maryland. Lewis declined to specify which businesses in the area received loans which are forgivable due to privacy regulations. Banking 24 hours a day, 7 days a week. Disclosures Were playing to our strengths to invest both inclusively and in a manner reflective of the expressed needs of the communities in which we serve. The Harbor Bank of Maryland has branches in Baltimore, Maryland. Box Baltimore Maryland G 21201 Sign up for your daily digest of Maryland news. The Harbobr Bank of Maryland doesn't have any public controversies. Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the authors alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. About Us. Founded in 2001, the Harbor Bank of Maryland Community Development Corporation is a 501 (c)3 509 (a)2 public charity and a U.S. Treasury Certified Community Development Financial Institution (CDFI). The Harbor Bank of Maryland Money Market Savings Account doesn't offer many advantages over the Statement Savings Account. In some cases, we receive a commission from our partners; however, our opinions are our own. MBNA was founded in 1982 as Maryland Bank, N.A. John D. Lewis is the president and CEO of the Harbor Bank of Maryland. A total of 100 Community Development Entities (CDEs) were awarded tax credit allocations, made through the calendar year (CY) 2020 round of the New Markets Tax Credit Program. [3] [4] [5] Led by Charles Cawley, MBNA opened its first office in a converted A&P (Great Atlantic & Pacific Tea Company) food supermarket in Ogletown, Delaware. Saves you the cost of returned checks and fees. Major Home Renovations Purchase of a recreational vehicle or car Education Expense Home Equity Line of Credit (HELOC) Features Convenient access to your account when needed Flexible repayment options Interest you pay may be tax-deductible Advantages & Uses Flexibility to use for purchases or expenses now or in the future Debt Consolidation Wells Fargo & Co. invests in The Harbor Bank of Maryland in commitment The Harbor Bank of Maryland is part of the Banking industry, and located in Maryland, United States. Outside of work, she enjoys spending time with her 14-year-old Shih Tzu named Money, and her 4-year-old Bichon named Tibber. What is it like to step into a role created by the banks co-founder? The only reason you may choose the money market account is if you want paper checks to accompany your savings. The Harbor Bank of Maryland assumes no liability for the content, information, security, policies or transactions provided by these other sites. Excessive Luxury Expenditures Policy, The Harbor Bank of Maryland If youd like to suggest someone who should be profiled, please send their name and a short description of what they are doing to make a difference to: Diversity, Equity, and Inclusion Editor Kamau High at khigh@baltsun.com. Harbor Bank was founded by Joseph Haskins Jr. almost 40 years ago in 1982. The Bank is also a member of local and national ATM networks. The bank conducts general banking business in six branch locations and primarily serves the Baltimore, Maryland Metropolitan area. This pages information results from independent research by our editorial team, who does their best to reflect factual and accurate information about the financial institution and its products. JL: Harbor Bankshares Corporation has an expansive platform with the inclusion of affiliates and subsidiaries. The Harbor Bank of Maryland is a community bank proudly serving the City of Baltimore and the surrounding area since 1982. He took over the role from the bank's co-founder Joseph Haskins Jr., who held it . We are proud to help drive job growth and enhanced health and prosperity in the communities we serve. While small, the bank has grown steadily over the years, reaching $338 million in assets as of March 31, up from nearly $251 million eight years ago. This compensation may influence the selection, appearance, and order of appearance of the offers listed on the website. Consumer Online Banking (HarborConnect) - 1-855-343-1493 Business Online Banking (Harbor Biz Net) - 1-855-444-9987 To report lost/stolen Debit Cards - 1-800-754-4128 To report lost/stolen Credit Cards - 1-866-604-0381 To activate Debit Cards and select your new PIN - 1-833-995-2891 by Megan Sayles AFRO Business Writer September 30, 2022 Joseph Haskins is the CEO and chairman of the Harbor Bank of Maryland, which celebrated its 40th anniversary this September. The bottom line: The Harbor Bank of Maryland's strongest product is its free checking account. The BBB measures trustworthiness by looking at companies' responses to customer complaints, honesty in advertising, and transparency about business practices. Revolving line of credit tied to your checking account that offers protection from overdrafts due to insufficient funds. Interest you pay may be tax-deductible. 5 Stars, 2.5 out of The compliance team's mission is to provide readers with stories that are fact-checked and current, so they can make informed financial decisions. The Harbor Bank of Maryland Community Development Corporation is a 501(c)(3) non-profit and U.S. Treasury Certified Community Development Financial Institution (CDFI) focused on accelerating development in underinvested communities throughout Greater Baltimore. Among those who needed Harbor Banks assistance was Park West Health Systems Inc., a West Baltimore practice for doctors and dentists, said Elizabeth Lee, the practices chief financial officer. PDF The Harbor Bank of Maryland - Senate Chief Lending Officer, Executive Vice President at The Harbor Bank of Maryland Baltimore, Maryland, United States. He mentored her and made her believe starting a company was something she could do, she said. John Lewis was promoted to CEO of Harbor Bank in April. Harbor Bank of Maryland CEO and co-founder Joseph Haskins steps down