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We continue to believe that this transaction is a wonderful opportunity for both banking institutions.The combined bank will be well capitalized and well positioned to serve the needs of Baltimoreans across the region.EXHIBIT 99.1COLUMBIA, Md., March 26, 2013 (GLOBE NEWSWIRE) -- Carrollton Bancorp (Nasdaq: CRRB) ("Carrollton") recently received two key regulatory approvals required in connection with the transactions contemplated by the Agreement and Plan of Merger ("Merger Agreement") by and among Carrollton, Jefferson Bancorp, Inc.("Jefferson") and Financial Services Partners Fund I, LLC ("FSPF"), dated as of April 8, 2012, and amended as of May 7, 2012 and February 28, 2013.Secondly, on March 22, 2013, Carrollton received an approval letter from the Office of the Comptroller of the Currency ("OCC") in connection with the proposed merger of Carrollton's bank subsidiary, Carrollton Bank, with and into Jefferson's subsidiary, Bay Bank FSB ("Bay Bank") ("Bank Merger").The OCC approval letter waived the Qualified Thrift Lender (QTL) test with regard to Bay Bank during the first two (2) years following the Bank Merger and noted that consummation of the Bank Merger is subject to a 15-day waiting period.

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and the combined company involve significant risks, uncertainties and assumptions, including risks that can be found in the "Risk Factors" section of the Carrollton Bancorp Annual Report on Form 10-K on file with the Securities and Exchange Commission and the other reports that Carrollton Bancorp periodically files with the Securities and Exchange Commission.Subject to satisfaction of the remaining closing conditions pursuant to the Merger Agreement, it is anticipated that the Merger and Bank Merger will be consummated on or before April 19, 2013."We are very excited to receive the approval from the Office of the Comptroller of the Currency.Carrollton Bank provides a wide range of financial services for personal and business banking customers, including a variety of checking accounts, competitive rates on certificates of deposit and savings accounts, commercial lending, free nationwide ATMs with the Money PassĀ® symbol, mortgages, investment services and 24-hour internet and telephone banking.As of December 31, 2012, Carrollton Bank had approximately 5 million in total assets and ten branch locations in the region. Meet thousands of single Cougars in Carrollton with Mingle2's free personal ads and chat rooms.

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