Howard Bank in Ellicott City, Md., has recruited a trio of BB&T executives to expand its commercial business.
The $989 million-asset Howard hired Rick Botti, Bart Boland and John Wasowicz, according to a Monday news release. The hirings were reported earlier by Baltimore Business Journal.
Botti will be relationship manager team lead at Howard Bank. Botti had been a market president for BB&T in Baltimore County, according to his LinkedIn profile. Boland and Wasowicz will both be senior relationship managers based in Baltimore.
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Lending margins are once again contracting thanks to a confluence of factors, and bankers are doing everything from shifting cash into higher-risk securities to reconfiguring branches to pad profits.
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Bay Bancorp in Columbia, Md., has named one of its largest investors, Steven Hovde, to its board.
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All three bankers joined BB&T last year after the North Carolina company acquired Susquehanna Bank in Lititz, Pa. It's not the first time that Howard Bank has raided BB&T for talent. In April it hired BB&T's Maryland regional president, James Witty, to be chief lending officer. Witty had been a regional president for Susquehanna in Baltimore.