Baltimore County Savings Bank, FSB Announces Filing of Application to Convert to a Maryland Commercial Bank Charter

BCSB Bancorp, Inc.

, the holding company for Baltimore County Savings Bank, FSB (the "Bank"), today announced their application submittal to the Office of the Commissioner of Financial Regulation of the State of Maryland to convert its charter from a federally chartered savings bank to a Maryland-chartered commercial bank. BCSB Bancorp, Inc. will shortly file an application with the Federal Reserve to become a bank holding company. The charter change will not have any significant financial or regulatory impact or affect BCSB's current activities. Subject to receiving the necessary regulatory approvals, the charter conversion is expected to be completed in the third quarter of 2011.