Filing Details

Number of shares beneficially owned by each reporting person with:

a)    This statement is being filed by Eric D. Hovde, an individual.

b)    Mr. Hovde’s principal business address is: Hovde Properties, LLC, 122 W. Washington Ave, Suite 350, Madison, WI 53703.

c)    Mr. Hovde is the Chairman and Chief Executive Officer of H Bancorp LLC, a $1.7 billion private bank holding company with banking operations on both the east and the west coasts of the United States, and the Chief Executive Officer of Hovde Capital Advisors, LLC, an asset management firm that focuses on investing in the financial services and real estate sectors of the public equity markets. Additionally, Mr. Hovde is the Chief Executive Officer and co-owner of Hovde Properties, LLC, a real estate development and management company where he oversees management of the company and all large development projects. The address of H Bancorp LLC is c/o Sunwest Bank, 2050 Main Street, Suite 300, Irvine, CA 92614. The address of Hovde Capital Advisors, LLC, is 122 W. Washington Ave, Suite 350, Madison, WI 53703. The address of Hovde Properties, LLC, is 122 W. Washington Ave, Suite 350, Madison, WI 53703.

d)    During the last five years, Mr. Hovde has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

e)    During the last five years, Mr. Hovde has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

f)     Mr. Hovde is a citizen of the United States.

In connection with the merger (the “Merger”) of Bay Bancorp, Inc. (“BYBK”) with and into the Issuer on April 13, 2018, pursuant to the Agreement and Plan of Merger, dated as of September 27, 2017, by and between the Issuer and BYBK (the “Merger Agreement”), H Bancorp LLC received 1,134,702 shares of Common Stock, The Eric D. and Steven D. Hovde Foundation (the “Foundation”), of which Eric D. Hovde is a co-trustee, received 11,680 shares of Common Stock, and Mr. Hovde received 76,346 shares of the Common Stock, in exchange for the number of shares of BYBK common stock held by the H Bancorp LLC, the Foundation and Mr. Hovde, respectively, upon the consummation of the Merger. Mr. Hovde purchased shares of BYBK initially with personal funds. The Foundation received its shares of BYBK common stock as a donation from Mr. Hovde. H Bancorp LLC received its shares of BYBK common stock from its individual members as non-cash capital contributions.

Pursuant to the terms of the Merger Agreement, Mr. Hovde became a Director of the Issuer upon the consummation of the Merger. Except as otherwise set forth herein, Mr. Hovde does not have any plans or proposals that would result in:

(a) The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer;

(b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries;

(c) A sale or transfer of a material amount of assets of the Issuer of any of its subsidiaries;

(d) Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board, except as described above;

(e) Any material change in the present capitalization or dividend policy of the Issuer;

(f) Any other material change in the Issuer’s business or corporate structure;

(g) Changes in the Issuer’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person;

(h) Causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;

(i) A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or

(j) Any action similar to any of those enumerated above.

a)    Mr. Hovde is deemed to be the beneficial owner of 1,222,728 shares of Common Stock, constituting 7.2% of the outstanding shares of Common Stock.

b)    Mr. Hovde has the sole power to vote or direct the vote, or dispose or direct the disposition, of 1,211,048 shares of Common Stock. Mr. Hovde has shared power to vote or direct the vote, or dispose or direct the disposition, of 11,680 shares of Common Stock.

c)    Other than the acquisition of the shares of Common Stock in the Merger as reported in this Schedule 13D, Mr. Hovde has not effected any transactions in the Common Stock in the past 60 days.

d)    To Mr. Hovde’s knowledge, no person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such shares owned directly by Mr. Hovde, other than the Mr. Hovde.

e)    Not applicable.

Date