Monroe Bancorp Announces Cash Dividend

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Wed Aug 27, 2008 4:31pm EDT 

BLOOMINGTON, Ind., Aug. 27, 2008 (GLOBE NEWSWIRE) -- Monroe Bancorp
(Nasdaq:MROE) 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 September 30, 2008 to shareholders of record as of
September 15, 2008. This is unchanged from the cash dividend paid in the second
quarter of 2008 and represents an annualized dividend yield of 4.49% based on
the August 26, 2008 market value of $11.57 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

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