Monroe Bancorp Announces Cash Dividend

• Press Release
• Source: Monroe Bancorp
• On 2:00 pm EST, Tuesday December 9, 2008

BLOOMINGTON, Ind., Dec. 9, 2008 (GLOBE NEWSWIRE) -- Monroe Bancorp (NasdaqGM:MROE - News) announced that its Board of Directors recently declared a quarterly dividend of $0.13 per share on the Company's Common Stock. The dividend is payable on December 31, 2008 to shareholders of record as of December 17, 2008. This is unchanged from the cash dividend paid in the third quarter of 2008 and represents an annualized dividend yield of 5.63% based on the December 5, 2008 market value of $9.24 per share.

Monroe Bancorp, headquartered in Bloomington, Indiana, is an Indiana bank holding company with Monroe Bank as its wholly owned subsidiary. Monroe Bank was established in Bloomington in 1892 and offers a full range of financial, trust and investment services through its locations in Central and South Central Indiana. The Company's common stock is traded on the NASDAQ Global Stock Market under the symbol MROE.

The Monroe Bancorp logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4316

          Monroe Bancorp
          Mark D. Bradford, President/CEO
            812-331-3455
          Ashley Fisher, VP/Marketing Director
            812-353-7705