Monroe Bancorp (NASDAQ:MROE) announced today that its Board of Directors recently approved a Dividend Reinvestment Plan for registered shareholders of Monroe Bancorp common stock. A registration statement was filed Friday with the Securities and Exchange Commission to register the common stock to be offered under the Plan.

“We are pleased to offer our shareholders a convenient and cost-effective plan, allowing them to increase their investment in Monroe Bancorp by either reinvesting the dividends they receive or by taking advantage of the plan’s cash investment option,” said Mark D. Bradford, President and Chief Executive Officer.

The plan allows for the automatic reinvestment of cash dividends in common stock of the Company. Additionally, the plan allows shareholders to invest up to $1,000 each month in Monroe Bancorp stock.

Monroe Bancorp is an independently owned holding company headquartered in Bloomington, Indiana, with Monroe Bank as its wholly owned subsidiary. Established in 1892, Monroe Bank offers a full range of financial, trust and investment services through banking centers located in Monroe, Lawrence, Jackson and Hendricks counties in Indiana. The Bank serves more than 20,000 retail and commercial customers. Monroe Bancorp stock is traded on the NASDAQ® National Market System under the ticker symbol MROE.