8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K
                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

       Date of Report (Date of earliest event reported): October 15, 2003

                         Frederick County Bancorp, Inc.
             (Exact name of registrant as specified in its charter)

                        Commission file number: 000-50407

            Maryland                                            20-0049496
(State or Other Jurisdiction of                              (I.R.S. Employer
Incorporation or Organization)                            Identification Number)

                30 West Patrick Street, Frederick, Maryland 21701
               (Address of Principal Executive Offices) (Zip Code)

       Registrant's telephone number, including area code: (301) 620-1400



Item 9. Regulation FD Disclosure (Information provided pursuant to Item 12)

      Frederick County Bancorp, Inc. issued the press release attached as
exhibit 99.1

EXHIBIT INDEX

Exhibit 99.1      Press Release dated October 15, 2003

                                   Signatures

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                            FREDERICK COUNTY BANCORP, INC.
                                     (Registrant)

                            By: /s/ William R. Talley, Jr.
                                ------------------------------------------------
                                William R. Talley, Jr., Executive Vice President
                                and Chief Financial Officer
                                (Principal Accounting Officer)

Dated: October 15, 2003

EX-99.1

                                                                    Exhibit 99.1

  Frederick County Bancorp, Inc. Reports Results for the Third Quarter 2003


    FREDERICK, Md., Oct. 15 /PRNewswire-FirstCall/ -- Frederick County

Bancorp, Inc. (the "Company") (OTC Bulletin Board: FCBI), the parent company

for Frederick County Bank (the "Bank"), announced today that, as of September

30, 2003, after almost two years in operation, assets stood at $122 million,

with deposits of $109 million and loans of $89 million.  Also for the quarter

ended September 30, 2003 the Company recorded a net profit of $132,000, which

compares very favorably to the loss of $251,000 recorded in the third quarter

of 2002.  For the first nine months of 2003 the Company earned $201,000

compared to the loss of slightly over $1 million recognized during the

corresponding period in 2002.

    As previously announced, the organization of the Company became effective

at the close of business on September 30, 2003 through an exchange of shares

of common stock of the Bank.

    Statements contained in this press release that are not historical facts

are forward-looking statements, as the term is defined in the Private

Securities Litigation Reform Act of 1995. Such forward-looking statements are

subject to risks and uncertainties which could cause actual results to differ

materially from those currently anticipated due to a number of factors, which

include, but are not limited to, factors discussed in documents filed by the

Company with the Securities and Exchange Commission from time to time.



SOURCE  Frederick County Bancorp, Inc.

    -0-                             10/15/2003

    /CONTACT:  William R. Talley, Jr., Executive Vice President and Chief

Financial Officer, of Frederick County Bancorp, Inc., +1-240-529-1507/

    /Web site:  http://www.frederickcountybank.com/

    (FCBI)



CO:  Frederick County Bancorp, Inc.

ST:  Maryland

IN:  FIN OTC

SU:  ERN