BankAnnapolis Launches Senior Advisory Board; Board Members' Input Will Shape Bank's Policies and Services for Seniors.

Business Editors

ANNAPOLIS, Md.--(BUSINESS WIRE)--Sept. 10, 2003

BankAnnapolis today announced the launch of its Senior Advisory Board, a panel of seniors who live in Anne Arundel and Queen Anne's counties that will guide the Bank's future service and product offerings for the senior community.

The Advisory Board will meet quarterly at the BankAnnapolis headquarters on Bestgate Road, beginning with its first meeting on September 24th. Board members will share their banking-related experiences, ideas, and concerns with Bank management. Recommendations and feedback from the Senior Advisory Board will aid the Bank in developing services and policies tailored to people aged 55 and older.

"We want our commitment to people aged 55 and older to extend beyond just providing what we think they need," said Richard M. Lerner, Chairman and CEO of BankAnnapolis. "With the Senior Advisory Board, we'll actually have seniors telling us the financial issues and concerns they have so that we can begin to shape products and services to meet their real needs."

The Board is comprised of members from throughout the community, regardless of whether they are current BankAnnapolis customers. The Bank's top management, including Chairman and CEO Richard M. Lerner, will participate in the meetings.

"The formation of the Senior Advisory Board reflects the commitment BankAnnapolis has to the local community to provide a true 'unbank' experience," Lerner said. "As far as we have been able to determine, this marks the first time an area bank has drawn input and ideas from people in a targeted demographic as part of a decision-guiding board."

This is just the latest step in the Bank's commitment to the senior community in the Annapolis area: BankAnnapolis opened a branch inside the retirement community of BayWoods in March and has recently held free financial seminars for seniors.

Founded in 1990, BankAnnapolis serves small businesses, professional concerns and individuals through six community banking offices in Anne Arundel and Queen Anne's Counties. The Bank's parent company, Annapolis Bancorp, Inc. (NASDAQ:ANNB) reported earnings of $1,227,000 in 2002, up 142% from the previous year. Earnings in the first six months of 2003 improved by 93% and total assets grew to $238 million at June 30, 2003.