Admiralty Bancorp, Inc. Expands to Brevard County.

Business Editors

PALM BEACH GARDENS, FL--(BUSINESS WIRE)--Jan. 7, 2000

ADMIRALTY BANCORP, INC. (NASDAQ NM: AAABB), parent of Admiralty Bank today announced plans to open a full service commercial banking office in Melbourne, Florida.

Simultaneously, Admiralty Bank hired Larry Roselle, Area President to lead the Bank in Brevard County. Mr. Roselle is a veteran banker with 20 years experience. He served as Senior Vice President - County Executive for 1st United Bank/Wachovia for the past four years and as Senior Vice President - Office Manager for First Florida/Barnett Bank for six years, all in Brevard County. He is past Chairman of the Cocoa Beach Area Chamber of Commerce, Governor and Executive Committee Member of the Brevard Community College Foundation and a member of the Civilian-Military Affairs Council.

Admiralty Bancorp office is located at 6765 North Wickham Road, Melbourne, Florida and occupies over 4,000 square feet with a spacious drive-thru.

Ward Kellogg, President and CEO of Admiralty Bank said, "Our entire management team worked with Larry Roselle at 1st United Bank. We are very pleased to be together again and look forward to serving the community banking needs in Brevard County. Larry and his staff have much experience in the local area and a great desire to provide excellent personal service which guarantees our success."

Admiralty Bancorp, Inc. is the holding company for Admiralty Bank, which operates a commercial banking business through four offices located in Palm Beach Gardens, Boca Raton, Jupiter and Juno Beach, Florida.

L.G. Zangani, LLC provides financial public relations service to the Company. As such, L.G. Zangani, LLC and/or its officers, agents and employees, receives remuneration for public relations and/or other services performed for the Company. This remuneration may take the form of cash, capital stock in the Company, or warrants and/or options to purchase stock in the Company.