Exhibit 99.1

October 16, 2002

FOR IMMEDIATE RELEASE

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


WYMAN PARK  BANCORPORATION,  INC.'S  STOCKHOLDERS  APPROVE  PROPOSED MERGER WITH
BRADFORD BANK

(Lutherville,   Maryland)   -  At  its   annual   meeting   today,   Wyman  Park
Bancorporation,  Inc. (OTC  Electronic  Bulletin  Board:  WPBC)  ("Wyman  Park")
announced that its shareholders  have approved Wyman Park's proposed merger with
and into Bradford Bank, a federally-chartered savings bank. Wyman Park, based in
Lutherville,  Maryland,  is the savings and loan  holding  company of Wyman Park
Federal Savings & Loan Association.

"We are very pleased with the support we have received  from our  stockholders,"
said Ernest A. Moretti,  President for Wyman Park. "Today's vote for approval of
the merger  affirms  our belief  that the  merger not only  provides  additional
services to our customers, but maximizes the return to our stockholders."

Subject to the  approval  of  regulatory  authorities  and the  satisfaction  of
customary closing conditions, the transaction is expected to be completed during
the fourth quarter of 2002, or shortly thereafter.  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.