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Frederick, MD 21701
(301) 620-1400

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NEWS RELEASES

Frederick County Bancorp, Inc. Reports Results for the Second Quarter 2007

July 10, 2007, Frederick, MD --- Frederick County Bancorp, Inc. (the “Company”) (OTC Bulletin Board: FCBI), the parent company for Frederick County Bank, announced today that, for the quarter ended June 30, 2007, the Company recorded a net income of $335,000 and diluted earnings per share of $0.22, as compared to the net income of $513,000 and diluted earnings per share of $0.34 recorded for the second quarter of 2006. The Company earned $658,000 with diluted earnings per share of $0.43 for the first half of 2007 as compared to the $992,000 in earnings and diluted earnings per share of $0.65 for the same period in 2006. The decline in quarterly and year-to-date net income in 2007 as compared to 2006 was expected and continues to reflect expenses related to the additional operating costs for the new Walkersville and Crestwood Branch Offices which both opened in September 2006, and margin compression affecting net interest income. 

The Company also reported that, as of June 30, 2007, assets stood at $254.3 million, with deposits of $221.7 million and loans of $199.4 million, representing increases of 12.2%, 6.2% and 21.6%, respectively, over the second quarter of 2006.

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Frederick County Bancorp, Inc. Announces Stock Repurchase Program Authorization

June 26, 2007, Frederick, MD --- Frederick County Bancorp, Inc. (OTCBB: FCBI), parent company of Frederick County Bank, announced today that its Board of Directors had authorized the repurchase of up to 146,000 shares of its common stock, for an aggregate expenditure of not more than $4.5 million, through June 30, 2012, or earlier termination of the program by the Board of Directors. As of June 25, 2007, the Company had approximately 1.46 million shares outstanding. Repurchases, if any, by the Company pursuant to this authorization are expected to enable the Company to repurchase its shares at an attractive price, and to provide a source of liquidity for the Company’s shares.

Repurchases may be made in open market purchases or in privately negotiated transactions, and may be commenced or suspended at any time or from time to time at management’s discretion, without prior notice. Repurchases, if any, under the program will be made in the discretion of management, and will depend upon market pricing and conditions, business, legal, accounting and other considerations. The repurchase program may be modified, suspended or terminated by the Board of Directors at any time without notice. There can be no assurance as to the timing, price or volume of Company repurchases, if any, pursuant to this authorization.

As of March 31, 2007, the Company’s assets stood at $240.4 million, with deposits of $215.2 million and loans of $183.7 million. Frederick County Bank currently has three Frederick branch offices at 30 West Patrick Street, 6910 Crestwood Boulevard, and 200 Commerce Drive in Walkersville. A new location, at 198 Thomas Johnson Drive, for the Bank’s former Antietam branch office was recently announced and is expected to open in the third quarter of 2007.

This information contains forward looking statements regarding the Company’s anticipated future results of operations, which are subject to risks and uncertainties. Actual future results may differ materially from current expectations as a result of changes in general economic conditions, including interest rates, competition, loan demand and other factors. This press release does not constitute an offer to sell or a solicitation of any offer to buy securities.

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Frederick County Bancorp, Inc. Reports Results for the First Quarter 2007

 April 10, 2007, Frederick, MD --- Frederick County Bancorp, Inc. (the “Company”) (OTC Bulletin Board: FCBI), the parent company for Frederick County Bank, announced today that, for the quarter ended March 31, 2007, the Company recorded a net income of $323,000 and diluted earnings per share of $0.21, as compared to the net income of $479,000 and diluted earnings per share of $0.31 recorded for the first quarter of 2006.  The expected decline in quarterly net income in 2007 as compared to 2006 was the result of expenses related to the construction and staffing of the Walkersville and Crestwood Branch Offices which both opened in September 2006 and to margin compression affecting net interest income. 

 The Company also reported that, as of March 31, 2007, assets stood at $240.4 million, with deposits of $215.2 million and loans of $183.7 million, representing increases of 9.1%, 6.2% and 15.3%, respectively, over the first quarter of 2006.

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Frederick County Bancorp, Inc. Reports Results for the Fourth Quarter 2006

January 12, 2007, Frederick, MD --- Frederick County Bancorp, Inc. (the "Company") (OTC Bulletin Board: FCBI), the parent company for Frederick County Bank (the "Bank"), announced today that, for the quarter ended December 31, 2006, the Company recorded a net profit of $460,000 and diluted earnings per share of $0.30, as compared to the net profit of $508,000 and diluted earnings per share of $0.33 recorded for the fourth quarter of 2005. It should be noted that the reduction in earnings is attributable both to the cost of opening the Bank's two new branches late in the third quarter of 2006 and to margin compression resulting from a very competitive market for loans and deposits. For the full year of 2006, the Company earned $1.92 million with diluted earnings per share of $1.26, exceeding the $1.83 million in earnings and diluted earnings per share of $1.20 for the full year of 2005.

The Company also reported that, as of December 31, 2006, assets stood at $234.8 million, with deposits of $209.4 million and loans of $173.9 million, representing increases of 13.1%, 10.2%, and 12.0%, respectively, over year-end 2005.

The Company's wholly-owned subsidiary, Frederick County Bank, was founded in 2001 and now has four branch offices at: 30 West Patrick Street (Frederick), 1595 Opossumtown Pike (Frederick), 200 Commerce Drive (Walkersville) and 6910 Crestwood Boulevard (Frederick).

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Frederick County Bancorp, Inc. Announces Trust Preferred Securities Issue

December 19, 2006, Frederick, MD --- Frederick County Bancorp, Inc. (the "Company") (OTC Bulletin Board: FCBI), the parent company for Frederick County Bank, announced today that, on December 15, 2006, the Company completed a private sale of an aggregate of $6 million of qualifying trust preferred securities through FCBI Statutory Trust I, a newly formed trust subsidiary. The trust preferred securities will mature in 2036, and will be redeemable at par, at the Company's option, at any time on or after December 15, 2011, subject to regulatory approval. The trust preferred securities will bear interest on a quarterly basis, at a 6.5375% fixed rate until December 15, 2011, at which time the interest rate becomes a variable rate, adjusted quarterly, equal to 163 basis points over three month LIBOR. 

The proceeds of the issuance will be used by the Company for general corporate purposes, including contribution to its subsidiary bank to support continued asset growth. 

The trust preferred securities have not been and will not be registered under the Securities Act of 1933, as amended, or applicable state securities laws, and unless so registered, may not be offered or sold in the United States, except pursuant to an applicable exemption from the registration requirements of the Securities Act of 1933, as amended, and applicable state securities laws. This report shall not constitute an offer to sell or the solicitation of an offer to buy the trust preferred securities.

As of September 30, 2006, the Company's assets stood at $222.6 million. The Company's wholly-owned subsidiary, Frederick County Bank, was founded in 2001 and now has four branch offices at: 30 West Patrick Street (Frederick), 1595 Opossumtown Pike (Frederick), 200 Commerce Drive (Walkersville) and 6910 Crestwood Boulevard (Frederick).

The statements in this press release that are not historical facts constitute "forward-looking statements" as defined by Federal Securities laws. Such statements, regarding Frederick County Bancorp, Inc.'s anticipated future results of operations, are subject to risks and uncertainties that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, statements regarding the anticipated use of the proceeds from the trust preferred securities, changes in interest rates, deposit flows, loan demand and real estate values; as well as changes in economic, competitive, governmental, regulatory, technological and other factors which may affect Frederick County Bancorp, Inc. specifically or the banking industry generally. Forward-looking statements speak only as of the date they are made. Frederick County Bancorp, Inc. will not update forward-looking statements to reflect factual assumptions, circumstances or events that have changed after a forward-looking statement was made. For further information, please refer to the Frederick County Bancorp, Inc. reports filed with the U.S. Securities and Exchange Commission. 

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Frederick County Bancorp, Inc. Reports Results for the Third Quarter 2006

October 11, 2006, Frederick, MD --- Frederick County Bancorp, Inc. (the "Company") (OTC Bulletin Board: FCBI), the parent company for Frederick County Bank, announced today that, as of September 30, 2006, the Company recorded a net profit of $467,000 and diluted earnings per share of $0.31, as compared to the net profit of $408,000 and diluted earnings per share of $0.27 recorded for the third quarter of 2005. Also the Company earned $1.46 million with diluted earnings per share of $0.96 during the first nine months of 2006, which compares favorably to the $1.32 million in earnings and diluted earnings per share of $0.87 for the same period in 2005. 

The Company also reported that, as of September 30, 2006, assets stood at $222.6 million, with deposits of $203.7 million and loans of $166.5 million, representing increases of 14.9%, 15.1% and 9.8%, respectively, over the third quarter of 2005.

The Company's wholly-owned subsidiary, Frederick County Bank (the "Bank"), was founded in 2001 and now has four branch offices at: 30 West Patrick Street (Frederick), 1595 Opossumtown Pike (Frederick), 200 Commerce Drive (Walkersville) and 6910 Crestwood Boulevard (Frederick).

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Frederick County Bancorp, Inc. Reports Results for the Second Quarter 2006

July 11, 2006, Frederick, MD --- Frederick County Bancorp, Inc. (the "Company") (OTC Bulletin Board: FCBI), the parent company for Frederick County Bank, announced today that, for the quarter ended June 30, 2006, the Company recorded a net profit of $513,000 and diluted earnings per share of $0.34, as compared to the net profit of $400,000 and diluted earnings per share of $0.26 recorded for the second quarter of 2005. The Company earned $992,000 with diluted earnings per share of $0.65 for the first half of 2006 which compares favorably to the $916,000 in earnings and diluted earnings per share of $0.60 for the same period in 2005.

The Company also reported that, as of June 30, 2006, assets stood at $226.7 million, with deposits of $208.7 million and loans of $164.0 million, representing increases of 19.1%, 19.7% and 10.4%, respectively, over the second quarter of 2005.

The Company's wholly-owned subsidiary, Frederick County Bank (the "Bank"), was founded in 2001 and has two existing Frederick City branch offices at 30 West Patrick Street and 1595 Opossumtown Pike. The Bank's two new branch locations at 200 Commerce Drive in Walkersville and 6910 Crestwood Boulevard in Frederick are currently under construction and are expected to open in September 2006.

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Yvonne M. Reeder Joins Frederick County Bank

June 8, 2006, Frederick, MD --- Martin S. Lapera, President and Chief Executive Officer of Frederick County Bank, announced today that Yvonne M. Reeder has been named Branch Officer/Branch Manager for Frederick County Bank.

"We are very pleased to have this experienced community banker join our Retail Banking team," said Wanda S. Shade, CTP, Senior Vice President, Commercial Services and Retail Banking. "Yvonne's experience, knowledge of the Walkersville and Woodsboro markets, and exceptional customer service orientation will be an advantage to our customers in finding the solutions that meet their needs." 

Ms. Reeder has 21 years of community banking experience and most recently managed branch offices in Walkersville and Thurmont. In her new position she will manage FCB's Walkersville branch office, which is currently under construction. Ms. Reeder's many years in branch banking have included prior experience as a teller and a personal banker. She is a graduate of the Maryland Bankers School.

Ms. Reeder is a regular participant in Bowl For Kids' Sake and is also a Sunday school teacher for her church. She is a graduate of Middletown High. Ms. Reeder resides in Woodsboro with her husband Chuck and children Alexis and Aaron. 

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Taitia L. Elliott Joins Frederick County Bank

May 4, 2006, Frederick, MD --- Martin S. Lapera, President and Chief Executive Officer of Frederick County Bank, announced today that Taitia L. Elliott has been named Vice President, Cash Management Officer for Frederick County Bank.

"We are very pleased to have this talented business banking professional join our Commercial Services team," said Wanda S. Shade, CTP, Senior Vice President, Commercial Services. "Taitia's experience, knowledge of the local market and customer service orientation will be an advantage to our customers in finding the solutions that meet their needs." 

Ms. Elliott has 19 years of financial services industry experience and most recently sold cash management services for over nine years. In her new position she will be responsible for business development and the sale of cash management services. Ms. Elliott also has experience in merchant service sales, commercial lending administration and branch banking.

Ms. Elliott received her Bachelors of Psychology from Framingham State College in Massachusetts and has completed courses toward a Master's Degree at Mount St. Mary's University in Emmitsburg. She is a member of the Frederick County Chamber of Commerce.

Ms. Elliott attends Monocacy Valley Church in Ijamsville. She has lived in Frederick for ten years, where she resides with her husband Peter and daughter Ashley. 

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Frederick County Bancorp, Inc. Reports Results for the First Quarter 2006

April 11, 2006, Frederick, MD --- Frederick County Bancorp, Inc. (the "Company") (OTC Bulletin Board: FCBI), the parent company for Frederick County Bank, announced today that, for the quarter ended March 31, 2006, the Company recorded a net profit of $479,000 and diluted earnings per share of $0.31, as compared to the net profit of $516,000 and diluted earnings per share of $0.34 recorded for the first quarter of 2005. The expected decline in quarterly net profit in 2006 as compared to 2005 was the result of first quarter income being fully taxable in 2006 and only partially taxable in 2005. Pre-tax earnings for the first quarter of 2006 were $800,000 versus pre-tax earnings of $576,000 in the first quarter of 2005.

The Company also reported that, as of March 31, 2006, assets stood at $220.4 million, with deposits of $202.6 million and loans of $159.3 million, representing increases of 19.4%, 20.0% and 13.8%, respectively, over the first quarter of 2005.

"We are particularly pleased by the sustained growth in our loans and deposits as it has come from within our two existing branches," said Martin S. Lapera, President and CEO of Frederick County Bank. "We appreciate and thank our customers, shareholders and employees for continuing to prove that true community banking meets a real need in Frederick." Frederick County Bank has previously announced two new branch locations in Walkersville and on Crestwood Boulevard; both locations are currently under construction.

In addition, the Board of Directors of the Company has authorized management of the Company to investigate and take such actions as may be necessary to effect a private issuance of up to $5 million of trust preferred securities at such time as management shall deem appropriate. The Company has not determined when such securities would be issued, and the terms of such securities would be subject to determination at the time of issuance. There can be no assurance that the Company will issue any trust preferred securities. This does not constitute an offer to sell any trust preferred securities, or the solicitation of an offer to buy any such securities.

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Frederick County Bancorp, Inc. Reports Results for the Fourth Quarter 2005

January 10, 2006, Frederick, MD --- Frederick County Bancorp, Inc. (the "Company") (OTC Bulletin Board: FCBI), the parent company for Frederick County Bank, announced today that, as of December 31, 2005, after slightly more than four years in operation, assets stood at $207.5 million, with deposits of $190.1 million and loans of $155.3 million. For the quarter ended December 31, 2005 the Company recorded a net profit of $508,000 and diluted earnings per share of $0.33, which compares favorably to the net profit of $488,000 and diluted earnings per share of $0.32 recorded for the fourth quarter of 2004. For the full year of 2005, the Company earned $1.83 million with diluted earnings per share of $1.20, exceeding the $1.52 million in earnings and diluted earnings per share of $1.01 for the full year of 2004. However, it should be noted that the Company had income tax expenses of $302,000 and $863,000 for the three and twelve-month periods ended December 31, 2005, respectively, but had no income tax expense during the same periods in 2004.

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Frederick County Bancorp, Inc. Reports Results for the Third Quarter 2005

October 12, 2005, Frederick, MD --- Frederick County Bancorp, Inc. (the "Company") (OTC Bulletin Board: FCBI), the parent company for Frederick County Bank, announced today that, as of September 30, 2005, after almost four years in operation, assets stood at $193.7 million, with deposits of $176.9 million and loans of $151.7 million. For the quarter ended September 30, 2005 the Company recorded a net profit of $408,000 and diluted earnings per share of $0.27, as compared to the net profit of $428,000 and diluted earnings per share of $0.28 recorded for the third quarter of 2004. Also the Company earned $1.32 million with diluted earnings per share of $0.87 during the first nine months of 2005, which compares favorably to the $1.03 million in earnings and diluted earnings per share of $0.68 for the same period in 2004. However, it should be noted that the Company had income tax expenses of $246,000 and $561,000 for the three and nine-month periods ended September 30, 2005, respectively, but had no income tax expense during the same periods in 2004. 

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Frederick County Bancorp, Inc. Reports Results for the Second Quarter 2005

July 15, 2005, Frederick, MD --- Frederick County Bancorp, Inc. (the "Company") (OTC Bulletin Board: FCBI), the parent company for Frederick County Bank, announced today that, as of June 30, 2005, after slightly more than three and a half years in operation, assets stood at $190.4 million, with deposits of $174.4 million and loans of $148.5 million. For the quarter ended June 30, 2005 the Company recorded a net profit of $400,000 and diluted earnings per share of $0.26, which compares favorably to the net profit of $313,000 and diluted earnings per share of $0.21 recorded for the second quarter of 2004. Also the Company earned $916,000 with diluted earnings per share of $0.60 for the first half of 2005 that exceeded the $602,000 in earnings and diluted earnings per share of $0.40 for the same period in 2004. 

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Frederick County Bank Announces Employee Promotions

June 8, 2005, Frederick, Maryland --- Martin S. Lapera, President and Chief Executive Officer of Frederick County Bank, announced the recent promotions of the following Bank employees: Jay M. House, Denise Guyton-Gaither, Crystal L. Wiles and Lisa M. Hamilton. Mr. House has been promoted to Senior Vice President Operations & Technology Officer, Ms. Guyton-Gaither has been promoted to Senior Vice President Commercial Loans, Ms. Wiles has been promoted to Vice President Assistant Comptroller, and Ms. Hamilton has been promoted to Administrative Assistant/Human Resources Officer.

"We are very pleased to recognize and reward the talents of these banking professionals as significant contributors to our organization. They have a solid understanding of the needs of our target markets and are dedicated to providing excellent customer service to all of our customers," said Mr. Lapera.

Mr. House has 23 years of local community banking experience. He holds a Bachelor of Arts in Economics from the University of Maryland. Mr. House was a Certified Bank Auditor, a Certified Financial Services Auditor, a Certified Regulatory Compliance Manager, and held a certificate in Information Technology Auditing. Mr. House is very involved in the Frederick community, and is a member and past president of the Jefferson Ruritan Club, a member of the Sons of Amvets Post #9 in Middletown, serves on the Board of Directors of the Middletown Valley Athletic Association, assistant coach of the Middletown High School junior varsity girls softball team, and is a member of the United Church of Christ in Middletown, serving as treasurer for the Cemetery Board. He is a native of Frederick County and resides in Jefferson with his wife and two daughters.

Ms. Guyton-Gaither has over 19 years of local community banking experience working with branch offices and commercial loan staff to increase commercial accounts and customer service. In her new position she will be responsible for all types of commercial lending including commercial business and commercial real estate. Ms. Guyton-Gaither's banking experience includes residential mortgage lending, consumer lending and branch management; her focus has been on enhancing customer relations, marketing and sales in her region and she is well-versed in both personal and business financial products and services. She is a graduate of the Maryland Banking School (Maryland Bankers Association), the College of Business and Management at the University of Maryland, the American Institute of Banking's Commercial Lending School, and Xerox University's Commercial Lending School. Ms. Guyton-Gaither is active in the Frederick community, and is an affiliate member of the Frederick County Builders Association and Frederick County Association of Realtors, and is an active member of the Pleasant View Church of the Brethren. 

Ms. Wiles has over 19 years of local community banking experience. She is a graduate of Frederick Community College and Mount Saint Mary's College and has also completed concentrated studies in Bank Risk Management and Commercial Lending. Ms. Wiles is a member of Linganore United Methodist Church and is active in local youth baseball and the 2006 Walkersville Alumni scholarship program. She is a native of Walkersville and currently resides near Libertytown with her husband Scott and her two children, Dallas and Garrett.

Ms. Hamilton has over seven years experience in community banking and was one of the first employees of Frederick County Bank. Her banking experience has included Finance and Shareholder Relations. Ms. Hamilton is a graduate of Governor Thomas Johnson High School, has had payroll system training and is currently attending Frederick Community College to obtain Human Resource Management Certification. She is a member of the Johnsville United Methodist Church where she is in charge of the weekly bulletin and also teaches Sunday School. Ms. Hamilton is a native of Frederick and resides with her husband and two children in Union Bridge.

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Frederick County Bancorp, Inc. Reports Results for the First Quarter 2005

April 15, 2005, Frederick, MD --- Frederick County Bancorp, Inc. (the "Company") (OTC Bulletin Board: FCBI), the parent company for Frederick County Bank, announced today that, as of March 31, 2005, after slightly less than three and a half years in operation, assets stood at $184.6 million, with deposits of $168.9 million and loans of $140.0 million. For the quarter ended March 31, 2005 the Company recorded a net profit of $516,000 and diluted earnings per share of $0.34, which compares favorably to the net profit of $289,000 and diluted earnings per share of $0.19 recorded for the first quarter of 2004.

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Frederick County Bancorp, Inc. Reports Results for the Fourth Quarter 2004

January 11, 2005, Frederick, MD --- Frederick County Bancorp, Inc. (the "Company") (OTC Bulletin Board: FCBI), the parent company for Frederick County Bank, announced today that, as of December 31, 2004, after slightly more than three years in operation, assets stood at $171.2 million, with deposits of $155.6 million and loans of $135.7 million. For the quarter ended December 31, 2004 the Company recorded a net profit of $488,000 and diluted earnings per share of $0.32, which compares very favorably to the net profit of $229,000 and diluted earnings per share of $0.15 recorded for the fourth quarter of 2003. For the full year of 2004, the Company earned $1.52 million with diluted earnings per share of $1.01, exceeding the $430,000 in earnings and diluted earnings per share of $0.29 for the full year of 2003. The Company's 2003 diluted earnings per share amounts have been restated for the effects of a two-for-one stock split effected in the form of a 100% stock split declared in August 2004 and paid in September 2004.

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Frederick County Bank Announces Two Future Branch Locations

December 10, 2004, Frederick, MD --- Martin S. Lapera, President and Chief Executive Officer of Frederick County Bank, announced today that two sites have been approved, in Walkersville and on Crestwood Boulevard, for future Frederick County Bank branch offices. 

"We are very pleased to announce that the site plans have been approved for the Bank's two new branch locations. While keeping to our business plan, we certainly have listened to our current and future customers' requests for greater branch banking convenience. Having reached a solid position of profitability and financial strength, it was time to move forward to expand our branch network. These locations make a lot of sense geographically and will help create customer convenience and access in areas of Frederick where we believe there is great demand for true community banking. We expect the new branches to be open in late 2005," said Mr. Lapera. 

Signage is being installed to mark the future branch locations at 200 Commerce Drive in Walkersville and at 6910 Crestwood Boulevard (adjacent to the Crestwood Village Shopping Center).

Frederick County Bank is a wholly-owned subsidiary of Frederick County Bancorp, Inc. (OTC Bulletin Board: FCBI) and has branch offices at 30 West Patrick Street (Patrick Financial Center) and 1595 Opossumtown Pike. For further information about either this announcement or Frederick County Bank, please call 301-620-1400, or visit the Bank's website, www.frederickcountybank.com.

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Frederick County Bancorp, Inc. Reports Results for the Third Quarter 2004

October 13, 2004, Frederick, MD --- Frederick County Bancorp, Inc. (the "Company") (OTC Bulletin Board: FCBI), the parent company for Frederick County Bank, announced today that, as of September 30, 2004, after almost three years in operation, assets stood at $159.2 million, with deposits of $144.4 million and loans of $123.6 million. For the quarter ended September 30, 2004 the Company recorded a net profit of $428,000 and diluted earnings per share of $0.28, which compares very favorably to the net profit of $132,000 and diluted earnings per share of $0.09 recorded for the third quarter of 2003. Also the Company earned $1,030,000 with diluted earnings per share of $0.68 for the first nine months of 2004, exceeding the $201,000 in earnings and diluted earnings per share of $0.14 for the same period in 2003. The Company's 2003 diluted earnings per share amounts have been restated for the effects of a two-for-one stock split effected in the form of a 100% stock split declared in August 2004 and paid in September 2004.
 

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Frederick County Bancorp, Inc. Announces Two-for-One Stock Split

August 10, 2004, Frederick, MD --- Frederick County Bancorp, Inc. (the "Company") (OTC Bulletin Board: FCBI), the parent company for Frederick County Bank, announced today that its Board of Directors has approved a two-for-one stock split, effected in the form of a 100% stock dividend, of the Company's common stock to shareholders of record at the close of business on August 31, 2004 and will be payable on September 21, 2004.  As a result of the stock split, shareholders will receive one additional common share for every share held on the record date.  The Company's outstanding options and the option price per share will also be adjusted to reflect the stock split.  Upon completion of the split, the number of common shares outstanding will be approximately 1.455 million shares.

"We are very pleased with the results the Company has achieved since opening in October, 2001," said Martin S. Lapera, President and Chief Executive Officer of the Company.  "This stock split reflects our confidence in the Company's continued successful execution of our business strategy as evidenced by the Company's strong financial performance to date.  We believe that this split will help improve market liquidity and broaden ownership of the Company's stock."

As of June 30, 2004, after slightly more than two and a half years in operation, the Company's assets stood at $156.9 million, with deposits of $143.0 million and loans of $116.0 million.  The Company earned $602,000 with diluted earnings per share of $0.80 for the first half of 2004 that exceeded the $69,000 in earnings and diluted earnings per share of $0.09 for the same period in 2003.  Branch offices are located at 30 West Patrick Street and at 1595 Opossumtown Pike, both in Frederick, MD.

 Statements contained in this press release that are not historical facts are forward-looking statements, as the term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, factors discussed in documents filed by the Company with the Securities and Exchange Commission from time to time.

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Frederick County Bancorp, Inc. Reports Results for the Second Quarter 2004

July 13, 2004, Frederick, MD --- Frederick County Bancorp, Inc. (the "Company") (OTC Bulletin Board: FCBI), the parent company for Frederick County Bank, announced today that, as of June 30, 2004, after slightly more than two and a half years in operation, assets stood at $156.9 million, with deposits of $143.0 million and loans of $116.0 million. For the quarter ended June 30, 2004 the Company recorded a net profit of $313,000 and diluted earnings per share of $0.42, which compares very favorably to the net profit of $65,000 and diluted earnings per share of $0.09 recorded for the second quarter of 2003. Also the Company earned $602,000 with diluted earnings per share of $0.80 for the first half of 2004 that exceeded the $69,000 in earnings and diluted earnings per share of $0.09 for the same period in 2003. 

Statements contained in this press release that are not historical facts are forward-looking statements, as the term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, factors discussed in documents filed by the Company with the Securities and Exchange Commission from time to time.


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Helen Hahn named as a Director of Frederick County Bancorp, Inc.

July 6, 2004, Frederick, MD --- John N. Burdette, Chairman of the Board for Frederick County Bancorp, Inc. (the "Company") (OTC Bulletin Board: FCBI), announced today that Helen G. Hahn has been appointed to the Board of Directors for the Company. 

"We are very pleased and honored to have this talented business professional join us on the Company's Board of Directors. Helen has demonstrated extraordinary leadership skills in the banking world as well as in the Frederick community and will bring a unique blend of valuable and relevant experience to her new position," said Mr. Burdette. 

Mrs. Hahn has 35 years of banking experience in local community banking, starting her career as a courier with Frederick County National Bank and ultimately reaching the position of Senior Vice President of Operations with FCNB Bank before her retirement in 2001. She is currently employed as Treasurer for the Evangelical Lutheran Church in Frederick. She is also a member of the Board of Directors of The Loats Foundation, which provides scholarship assistance to students attending area colleges and universities.

Mrs. Hahn's involvement in the local community includes many years of service on the United Way's Allocation Committees. She is a member of the Evangelical Lutheran Church, where she is an active participant in the music ministry of the church. Mrs. Hahn resides in Frederick County.

The Company's wholly-owned subsidiary, Frederick County Bank (the "Bank"), has branch offices at 30 West Patrick Street (Patrick Financial Center) and 1595 Opossumtown Pike. For further information about either this announcement or Frederick County Bank, please call 301-620-1400, or visit the Bank's website, www.frederickcountybank.com.

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Frederick County Bancorp, Inc. Reports Results for the First Quarter 2004

April 13, 2004, Frederick, MD --- Frederick County Bancorp, Inc. (the "Company") (OTC Bulletin Board: FCBI), the parent company for Frederick County Bank, announced today that, as of March 31, 2004, after slightly less than two and a half years in operation, assets stood at $150.2 million, with deposits of $136.5 million and loans of $103.9 million. Also for the quarter ended March 31, 2004 the Company recorded a net profit of $289,000, which compares very favorably to the net profit of $4,000 recorded in the first quarter of 2003.

Statements contained in this press release that are not historical facts are forward-looking statements, as the term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, factors discussed in documents filed by the Company with the Securities and Exchange Commission from time to time.

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Frederick County Bancorp, Inc. Reports Results for the Fourth Quarter 2003

February 10, 2004, Frederick, MD --- Frederick County Bancorp, Inc. (the "Company"), the parent company for Frederick County Bank, announced today that, as of December 31, 2003, after slightly more than two years in operation, assets stood at $130.6 million, with deposits of $117.5 million and loans of $96.0 million. Also for the quarter ended December 31, 2003 the Company recorded a net profit of $229,000, which compares very favorably to the loss of $295,000 recorded in the fourth quarter of 2002. For the full year of 2003 the Company earned $430,000 compared to the loss of almost $1.5 million recognized during the corresponding period in 2002.

Statements contained in this press release that are not historical facts are forward-looking statements, as the term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, factors discussed in documents filed by the Company with the Securities and Exchange Commission from time to time.

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Frederick County Bancorp, Inc. Reports Results for the Third Quarter 2003

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