Monroe Bank: investing in its communities since 1892.

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NEWS RELEASES

 FOR IMMEDIATE RELEASE
June 7, 2005

 Monroe Bancorp Announces Cash Dividend
  BLOOMINGTON, Ind. — Monroe Bancorp (NASDAQ:MROE) announced today 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 June 30, 2005 to shareholders of record on June 17, 2005. This quarterly dividend is unchanged from the $0.13 per share dividend paid in the first quarter of 2005.

About Monroe Bancorp
Monroe Bancorp, headquartered in Bloomington, Indiana, is an Indiana bank holding company with assets over $600 million and 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.