July 9, 2002

FOR IMMEDIATE RELEASE

CONTACT:  Dallas R. Arthur, President, Bradford Bank (410) 372-1480
          Ernest A. Moretti, President, Wyman Park Bancorporation, Inc.
           (410) 252-6450


BRADFORD BANK AND WYMAN PARK BANCORPORATION, INC. ANNOUNCE PLAN OF MERGER

(Baltimore,  Maryland) - Bradford Bank and Wyman Park Bancorporation,  Inc. (OTC
Electronic  Bulletin Board: WPBC) ("Wyman Park") today announced the approval of
a definitive  agreement  for Bradford  Bank to acquire  Wyman Park.  Wyman Park,
based in Lutherville, Maryland, is the savings and loan holding company of Wyman
Park  Federal  Savings  & Loan  Association,  which  operates  two  branches  in
Lutherville and Glen Burnie, Maryland.

Under  the terms of the  agreement,  which has been  approved  by the  Boards of
Directors of both  companies,  Bradford  Bank will pay $14.55 per share to Wyman
Park's  stockholders.  Bradford Bank also will pay $14.55,  less the  respective
exercise  price,  for each  outstanding  stock  option to purchase  Wyman Park's
stock. Wyman Park currently has assets of $70 million, which will bring Bradford
Bank's total assets to $370 million.

Subject to the approval of regulatory authorities and Wyman Park's stockholders,
and the  satisfaction  of  customary  closing  conditions,  the  transaction  is
expected to be completed  during the last quarter of 2002.  At that time,  Wyman
Park and Wyman  Park  Federal  Savings & Loan  Association  will be merged  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.

"Wyman  Park is an  excellent  match  for  Bradford,"  said  Dallas  R.  Arthur,
President  of  Bradford  Bank.   "Their   product   offerings  and  emphasis  on
long-standing  customer  relationships  complements  Bradford  Bank  very  well.
Together  we can  further  expand  our  product  and  service  offerings  to our
communities in the Baltimore area."

"The Board of Wyman Park is extremely  pleased to bring this  transaction to our
stockholders  and customers,"  said Ernest A. Moretti,  President of Wyman Park.
"This transaction  allows the Company to maximize the return to our stockholders
while maintaining exceptional service to our customers."

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.