PRESS RELEASE
                     FOR RELEASE JULY 24, 2006 AT 4:30 P.M.

                          For More Information Contact
                                  David Meadows
                                 (410) 248-1121
                          Baltimore County Savings Bank

 BCSB BANKCORP, INC. ANNOUNCES RESIGNATION OF CEO AND APPOINTMENT OF INTERIM CEO


BCSB Bankcorp, Inc. (NASDAQ: BCSB), the holding company for Baltimore County
Savings Bank, FSB, announced today that Gary C. Loraditch advised the Board of
Directors that he is resigning as President and Chief Executive Officer and from
the Board of Directors effective July 24, 2006. Mr. Loraditch served as its
President and Chief Executive Officer since January 1, 1999. The Company
accepted the resignation and thanks Mr. Loraditch for his years of service and
leadership. He has guided the Company through a number of challenges during his
tenure with the Company. "I want to thank Gary personally for his dedication and
service to the Company, and we wish him well in his future endeavors," said
Henry V. Kahl, the Chairman of the Board of Directors.

The Company also announced that the Board of Directors has appointed the
Company's Senior Vice President and General Counsel, David M. Meadows, to the
positions of President and Chief Executive Officer on an interim basis while the
Board of Directors conducts a search for a permanent President and Chief
Executive Officer. Mr. Meadows has served the Bank since 1999. Prior to his
accepting the position at the Bank, Mr. Meadows was a partner in the law firm of
Moore, Carney, Ryan & Lattanzi, LLC where he had represented the interests of
the Bank and other financial institutions in business, corporate, and real
estate matters. Chairman Kahl noted the Board of Directors appreciates Mr.
Meadows agreeing to employ his expertise in this additional capacity on behalf
of the Bank and looks forward to working with him and the rest of the Bank's
management team during this interim period. Director Kahl noted that although
the Bank faces some initial short term challenges, the Bank's core business is
strong and prospects are bright overall. Management and the Board are eager to
continue the process of moving the Bank forward.

BCSB Bankcorp, Inc. is the holding company of Baltimore County Savings Bank, FSB
which was founded in 1955. The Bank currently operates eighteen offices
throughout the Baltimore metropolitan area. BCSB Bankcorp, Inc. became a
publicly traded mutual holding company in July 1998.

This press release contains statements that are forward-looking, as that term is
defined by the Private Securities Litigation Reform Act of 1995 or the
Securities and Exchange Commission in its rules, regulations and releases. The
Company intends that such forward-looking statements be subject to the safe
harbors created thereby. All forward-looking statements are based on current
expectations regarding important risk factors, including but not limited to real
estate values, market conditions, the impact of interest rates on financing and
local or national economic factors. Accordingly, actual results may differ from
those expressed in the forward-looking statements, and the making of such
statements should not be regarded as a representation by the Company or any
other person that results expressed herein will be achieved.