GENERAL

Patapsco Bancorp, Inc. Patapsco Bancorp, Inc. (the "Company") was incorporated under the laws of the State of Maryland in November 1995. On April 1, 1996, Patapsco Federal Savings and Loan Association (the "Association"), the predecessor of The Patapsco Bank ("the Bank"), converted from mutual to stock form and reorganized into the holding company form of ownership as a wholly owned subsidiary of the Company (the "Stock Conversion"). In the Stock Conversion, the Company issued and sold 362,553 shares of its common stock at a price of $20.00 per share to the Bank's depositors, the Company's employee stock ownership plan and the...