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EARNINGS RELEASES
You are here: Home > Shareholder Relations > Financial Reports > Earnings Releases > March 17, 2006

FOR IMMEDIATE RELEASE
March 17, 2006

Monroe Bancorp Announces Cash Dividend
 

BLOOMINGTON, IN — Monroe Bancorp (NASDAQ:MROE) announced today that its Board of Directors recently declared a quarterly dividend of $0.12 per share on the Company's Common Stock. The dividend is payable March 31, 2006 to shareholders of record on March 17, 2006. Based upon the $15.49 closing price on February 28, 2006, the $0.12 dividend represents an annualized dividend yield of 3.10%.

About Monroe Bancorp
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® National Stock Market under the symbol MROE.