January 3, 2003

FOR IMMEDIATE RELEASE

CONTACT:  Ernest A. Moretti,  President,  Wyman Park Bancorporation,  Inc. (410)
252-6450


OFFICE OF THRIFT SUPERVISION  APPROVES THE MERGER OF WYMAN PARK  BANCORPORATION,
INC. WITH BRADFORD BANK

(Lutherville,  Maryland)  - Wyman  Park  Bancorporation,  Inc.  (OTC  Electronic
Bulletin  Board:  WPBC) ("Wyman Park")  announced today that it has received the
approval of the Office of Thrift  Supervision  for the  pending  merger of Wyman
Park with and into Bradford Bank, a federally-chartered  savings bank located in
Baltimore, Maryland. Wyman Park, based in Lutherville,  Maryland, is the savings
and loan holding company of Wyman Park Federal Savings & Loan  Association.  The
stockholders of Wyman Park previously  approved the merger at the Annual Meeting
of Stockholders held on October 16, 2002.

Subject to the satisfaction of customary closing conditions,  the transaction is
expected to be completed  during  February  2003.  At that time,  Wyman Park and
Wyman  Park  Federal  Savings & Loan  Association  will be merged  with and into
Bradford Bank, and Wyman Park Federal Savings & Loan Association's branches will
be operated under the Bradford Bank brand.  Bradford  Bank's  headquarters  will
remain in Rodgers Forge, Maryland.

This news  release  contains  forward-looking  statements  regarding  Wyman Park
Bancorporation, Inc. All forward-looking statements involve risk and uncertainty
and actual results could differ materially from the anticipated results or other
expectations  expressed  in the  forward-looking  statements.  A  discussion  of
factors  that  could  cause  actual  results  to differ  materially  from  those
expressed  in  the   forward-looking   statements  is  included  in  Wyman  Park
Bancorporation, Inc.'s filings with the Securities and Exchange Commission.