Patapsco Bancorp, Inc. Declares Cash Dividend for Common Stock

BALTIMORE--(Business Wire)--
Patapsco Bancorp, Inc. (OTC, Electronic Bulletin Board:PATD),
announced that its Board of Directors declared a regular cash
dividend, for shareholders of Patapsco Bancorp, Inc.'s common stock,
in the amount of $0.07 per share payable on or about July 25, 2008 to
stockholders of record at the close of business on July 3, 2008.

Michael J. Dee, President of the Company, stated that this
represents the forty-fourth consecutive quarterly dividend paid on
Patapsco's common stock. Patapsco's Board of Directors determined that
the payment of the dividend was appropriate in light of the Company's
sound financial condition and the results of its operations. It was
noted that while the Board of Directors has declared this dividend,
the future payment of dividends is dependent upon the Company's
financial condition, earnings, equity structure, capital needs,
regulatory requirements and economic conditions.

The Patapsco Bank serves its community from its Baltimore County
offices located in Dundalk, Parkville, Glen Arm, Glen Meadows, Carney
and its Baltimore City office located in Hampden.

When used in this Press Release, the words or phrases "will likely
result," "are expected to," "will continue," "is anticipated,"
"estimate," "project" or similar expressions are intended to identify
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements are subject
to certain risks and uncertainties including changes in economic
conditions in Patapsco Bancorp's market area, changes in policies by
regulatory agencies, fluctuations in interest rates, demand for loans
in Patapsco Bancorp's market area, and competition that could cause
actual results to differ materially from historical earnings and those
presently anticipated or projected. Patapsco Bancorp wishes to caution
readers not to place undue reliance on any such forward-looking
statements, which speak only as of the date made. Patapsco Bancorp
wishes to advise readers that the factors listed above could affect
Patapsco Bancorp's financial performance and could cause Patapsco
Bancorp's actual results for future periods to differ materially from
any opinions or statements expressed with respect to future periods in
any current statements. Patapsco Bancorp does not undertake, and
specifically disclaims any obligation, to publicly release the result
of any revisions which may be made to any forward-looking statements
to reflect events or circumstances after the date of such statements
or to reflect the occurrence of anticipated or unanticipated events.

Patapsco Bancorp, Inc.
Michael J. Dee, President, 410-285-9313

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