BLOOMINGTON, Ind. – Monroe Bank, an Indiana bank with a 113-year heritage in community banking, is breaking ground for a full-service banking center location in Brownsburg. The ground breaking ceremony is scheduled for Friday, July 8, 2005 at 11:00 am at their new site on the corner of Garner Road and State Road 267. The construction of this location will mark the beginning of Monroe Bank’s transfer from storefront locations in Avon, Brownsburg and Plainfield, opened three years ago, to freestanding, full-service centers featuring ATMs and drive-thrus.

Charlie Royal, Chairman of the Board, Monroe Bank; Mark Bradford, President and CEO, Monroe Bank; Walter Duncan, Executive Director of the Brownsburg Chamber of Commerce, will be in attendance. Agenda for the event follows.

Monroe Bank was established in 1892 in Bloomington, Indiana and is the wholly owned subsidiary of Monroe Bancorp, and Indiana bank holding company headquartered in Bloomington. Its first Central Indiana branch opened in September of 2001. Monroe Bank offers a full range of financial, trust and investment services to its more than 22,000 retail and commercial customers through offices in Monroe, Jackson, Lawrence, Hendricks and Hamilton counties. The Company's common stock is traded on the NASDAQ® National Stock Market under the symbol MROE.

Agenda - Monroe Bank: Brownsburg Groundbreaking
Friday, July 8, 2005 at 11:00 am at the new site

11:00 am Arrival of Visitors

11:05 am Welcome and introduction of all those present;
Introduction of Mark Bradford.
John Christy, President Central Indiana Region, Monroe Bank

11:10 am Comments
Mark Bradford, President and CEO, Monroe Bank

11:20 am Comments on behalf of the Chamber
Walter Duncan, Executive Director of the Brownsburg Chamber of Commerce

11:25 am
Dan Sulkoske, Owner, Kramer Construction

11:30 am Closing Comments and invitation to break ground!
Mark Bradford, President and CEO, Monroe Bank

Board members and VIPs invited to turn the soil, followed by visitors and staff. All welcome to participate!
Photographs will also be taken at this time.

First round of turning the sod:
Charlie Royal, Chairman of the Board of Directors of Monroe Bank
Tim Ellis, Member of the Board of Directors of Monroe Bank
Mark Bradford, President and CEO, Monroe Bank
John Christy, President Central Indiana Region, Monroe Bank
Walter Duncan, Executive Director of the Brownsburg Chamber of Commerce
Scot Davidson, Senior Vice President Retail Services of Monroe Bank
Dan Sulkoske, Owner, Kramer Construction

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 17 offices in Central and South Central Indiana. The Company's common stock is traded on the NASDAQ National Stock Market under the symbol MROE.