Exhibit 99.1

        Frederick County Bancorp, Inc. Announces Two-for-One Stock Split

    FREDERICK, Md., Aug. 10 /PRNewswire-FirstCall/ -- Frederick County
Bancorp, Inc. (the "Company") (OTC Bulletin Board: FCBI), the parent company
for Frederick County Bank, announced today that its Board of Directors has
approved a two-for-one stock split, effected in the form of a 100% stock
dividend, of the Company's common stock to shareholders of record at the close
of business on August 31, 2004 and will be payable on September 21, 2004.  As
a result of the stock split, shareholders will receive one additional common
share for every share held on the record date.  The Company's outstanding
options and the option price per share will also be adjusted to reflect the
stock split.  Upon completion of the split, the number of common shares
outstanding will be approximately 1.455 million shares.
    "We are very pleased with the results the Company has achieved since
opening in October, 2001," said Martin S. Lapera, President and Chief
Executive Officer of the Company.  "This stock split reflects our confidence
in the Company's continued successful execution of our business strategy as
evidenced by the Company's strong financial performance to date.  We believe
that this split will help improve market liquidity and broaden ownership of
the Company's stock."
    As of June 30, 2004, after slightly more than two and a half years in
operation, the Company's assets stood at $156.9 million, with deposits of
$143.0 million and loans of $116.0 million.  The Company earned $602,000 with
diluted earnings per share of $0.80 for the first half of 2004 that exceeded
the $69,000 in earnings and diluted earnings per share of $0.09 for the same
period in 2003.  Branch offices are located at 30 West Patrick Street and at
1595 Opossumtown Pike, both in Frederick, MD.

    Statements contained in this press release that are not historical facts
are forward-looking statements, as the term is defined in the Private
Securities Litigation Reform Act of 1995.  Such forward-looking statements are
subject to risks and uncertainties which could cause actual results to differ
materially from those currently anticipated due to a number of factors, which
include, but are not limited to, factors discussed in documents filed by the
Company with the Securities and Exchange Commission from time to time.

SOURCE  Frederick County Bancorp, Inc.
    -0-                             08/10/2004
    /CONTACT:  William R. Talley, Jr., Executive Vice President and Chief
Financial Officer of Frederick County Bancorp, Inc., +1-240-529-1507/
    /Web site:  http://www.frederickcountybank.com/
    (FCBI)

CO:  Frederick County Bancorp, Inc.
ST:  Maryland
IN:  FIN OTC
SU: