Harbor Bankshares Corporation (HRBK)

Overview

Harbor Bankshares Corporation is a distinguished provider of comprehensive banking services located in Maryland. Founded in 1982, the company has established a strong presence in the banking sector, primarily focusing on delivering a wide range of financial products and solutions to both individual and business clients. With its base in Baltimore, Maryland, Harbor Bankshares Corporation aims to cater to the diverse banking needs of its customers, ensuring reliability, convenience, and security in all its offerings.

Products and Services

• Personal Banking

Harbor offers a suite of personal banking services including personal checking accounts, savings and investment options, personal credit cards, individual retirement plans (IRAs), certificates of deposit (CDs), mortgages, personal loans, and lines of credit. Enhancing customer convenience, the bank also provides online banking, bill pay, mobile banking, E-statements, Telebanc (telephone banking), and competitive interest rate services.

• Business Banking

Business clients are supported through a variety of services tailored for commercial needs. These include business loans, remote deposit capture services, positive pay (a check fraud prevention tool), extensive cash management solutions, and merchant services for processing payments.

• Credit and Loans

The bank facilitates various loan options like personal loans for individual customers, home equity loans, installment loans, and VIP loans. For customers seeking flexible spending power, Harbor provides home equity lines of credit (HELOCs) and overdraft lines of credit.

• Brokerage and Insurance Products

Beyond traditional banking products, Harbor Bankshares Corporation extends its services to include brokerage and insurance products, offering clients avenues for investment and risk management optimized to meet their financial goals.