NEWS FROM ...                                           DEARBORN BANCORP, INC.
                                                         22290 Michigan Avenue
                                                     Dearborn, Michigan  48124


Contact: Michael J. Ross, President & CEO or Jeffrey Karafa, CFO
         at (313) 565-5700



             DEARBORN BANCORP ANNOUNCES FIVE PERCENT STOCK DIVIDEND

         Dearborn, Michigan, November 19, 2003 ... Dearborn Bancorp, Inc.
(Nasdaq: DEAR), the holding company for Community Bank of Dearborn, has declared
a stock dividend of one share of its common, non-assessable stock for each 20
shares owned by each stockholder of record as of the close of business December
5, 2003. The stock dividend will be distributed on December 19, 2003.

         If a stockholder is entitled to a fractional share, the fractional
share will not be given and no cash payment will be made in lieu of the
fractional share.

         John E. Demmer, Chairman of the Board, announced the stock dividend and
said "We are happy to present our shareholders with this sixth consecutive
semi-annual stock dividend. It is a reflection of our asset growth and increased
earnings."

Dearborn Bancorp, Inc. is a registered bank holding company whose subsidiary
Community Bank of Dearborn has offices in Dearborn, Dearborn Heights, Plymouth
Township, Canton Township, Clinton Township, Southgate and Auburn Hills in the
state of Michigan. Dearborn Bancorp, Inc. common stock trades on the Nasdaq
National Market under the symbol DEAR.