Howard Bancorp in Ellicott City, Md., raised nearly $500,000 in capital after management and directors exercised warrants to buy common stock.

The $534 million-asset company said in a press release Thursday that certain individuals recently exercised warrants to buy about 47,500 shares of stock at $10 each. The warrants, set to expire at the end of last month, were part of an issue granted in 2004 tied to the bank's creation and initial capitalization.

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