Joe McNally Joins BankAnnapolis as Vice President, Mortgage Sales Manager

ANNAPOLIS, Md.--(Business Wire)--
Richard M. Lerner, Chairman and CEO of BankAnnapolis, announced
today that Joe McNally, a seasoned industry executive, has joined the
bank as Vice President, Mortgage Sales Manager. In this position,
McNally will have primary responsibility for growing BankAnnapolis'
mortgage lending business.

McNally brings more than 30 year of experience in the banking
industry to his new post. He comes to BankAnnapolis from First Horizon
Home Loan where he was District/Area Manager for the Mid-Atlantic
Region. Prior to this, he spent 25 years with Bank of America and its
predecessor institutions, where he held a variety of mortgage lending
management positions, most recently serving as Consumer Real Estate
Executive for its Atlantic North region. He also served as Regional
Sales Manager for the Mid-Atlantic region, which under his leadership,
ranked number one in volume for six consecutive years and consistently
finished among the top in customer satisfaction.

"Joe's experience in the mortgage lending field, combined with his
relationship-based approach to banking, makes him ideally suited for
this position at BankAnnapolis," said Lerner. "He has exceptional
leadership skills and knows how to promote the kind of teamwork and
enthusiasm that generates results. And at a time when home owners and
buyers are increasingly turning to their community banks as trusted
and reliable sources for safe, affordable and understandable
mortgages, Joe will be a real asset to BankAnnapolis and its
customers."

"There is a lot that appeals to me about BankAnnapolis," said
McNally. "I built my career on building relationships, and I see that
same focus at BankAnnapolis. It's an organization built on
relationships and relationships lead to trust. If you have those two
things you can create a strong position in the community...that's what
community banking is all about."

"From a lender's perspective, the times are ripe with
opportunities for community banks because they can be much more
flexible in responding to customer needs than larger banks," McNally
added. "You get to know your customers face to face and they know that
you will take care of their needs. I like the fact that BankAnnapolis
wants to be the bank of choice in the community and look forward to
contributing to its ongoing success."

BankAnnapolis serves the banking needs of small businesses,
professional concerns, and individuals through seven community banking
offices in Anne Arundel and Queen Anne's Counties in Maryland. This
year, the Bank will open its eighth office in the Annapolis Towne
Centre at Parole. The Bank's parent company, Annapolis Bancorp, Inc.
(NASDAQ:ANNB), trades on the NASDAQ Capital Market under the ticker
symbol "ANNB," and reported total assets of $362 million at December
31, 2007.

BankAnnapolis
Richard M. Lerner, 410-224-4455
rlerner@bankannapolis.com

Copyright Business Wire 2008