Item 8.01 Other events.

On December 19, 2008, Annapolis Bancorp, Inc. (the "Company") announced that it had received preliminary approval to receive up to $8.152 million from the U.S. Department of the Treasury under the Treasury's Capital Purchase Program. The Treasury would purchase up to $8.152 million in preferred stock from the Company and receive a warrant to purchase up to approximately $1.223 million of the Company's common stock. The anticipated sale of the preferred stock and warrant is expected to close within 30 days and is subject to the execution of definitive agreements and standard closing conditions. The press release announcing the receipt of preliminary approval for participation in the Capital Purchase Program is included as Exhibit 99.1 to this report.