The new location, the Bank's fifth branch banking office within the Central Maryland market, is located at the Severna Park Market Place, 487 Ritchie Highway Severna Park Maryland 21146.

Richard J. Morgan, President and CEO, states: "Opening for business in the Severna Park market is a strategic move geared to fill a void between the Bank's Annapolis and BWI Airport markets. The Bank's team of Directors and Officers are already well-known in this market and we look forward to using our contacts to maximize opportunities for new deposit and loan relationships. Our competition has an extensive network of branches in this lucrative market and we needed a convenient and accessible branch to effectively compete".

In addition, the Bank has recently overhauled its entire technology platform to support growth in both branch banking offices as well as increasing customer volume. The bank's new core banking platform is being provided Metavante Corporation of Orlando Florida and DelMarva Data Service Center of Easton Maryland.

Additionally the bank converted to a new internet banking platform provided by Digital Insight, a subsidiary of Intuit, and owner of "Quick Books" accounting programs. All banking offices now communicate through a high-speed, secure, Voice over IP (VoIP) network provided by the data center of the Atlantic Central Bankers Bank. The Bank has also signed a contract with DelMarva Data Center to provide "Check 21" image remote capture services for processing customer deposit items electronically instead of by traditional movement of paper. Image capture technology is expected to be installed in all of the Bank's offices in the 3rd quarter of this year and, on a selective basis, and later will also be made available to business customers.

Chairman Milton Jernigan, II states: "The Bank's Board and management approved a Strategic Plan this year that included investments in technology and tools to compete on a level with banks of all sizes within its vibrant regional marketplace. We believe these investments, now largely implemented, will provide the ongoing competitive edge that will enable us to continue controlled and profitable growth for the foreseeable future."