updated 9/7/2010 6:46:02 AM ET 2010-09-07T10:46:02

BLOOMINGTON, Ind., Sept. 3, 2010 (GLOBE NEWSWIRE) -- Monroe Bancorp (Nasdaq:MROE) announced that its Board of Directors recently declared a quarterly dividend of $0.01 per share on the Company's Common Stock. The dividend is payable on Thursday, September 30, 2010 to shareholders of record as of Thursday, September 16, 2010. This dividend is unchanged from the $0.01 per share paid in the second quarter of 2010.

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 Global Stock Market under the symbol MROE.

The Monroe Bancorp logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4316

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