Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On April 15, 2009, Monroe Bancorp (the "Company") notified the NASDAQ Stock Market that it had inadvertently failed to file Exhibit 13, the Annual Report to Security Holders, with its Form 10-K for the fiscal year ended December 31, 2008. As a result of the omission of Exhibit 13, the Company's Form 10-K did not contain the required financial statements and was therefore incomplete. Consequently, the Company was not in compliance with the NASDAQ requirements for continued listing set forth in NASDAQ Marketplace Rule 5250(c)(1). NASDAQ Marketplace Rule 5250(c)(1) requires the Company to make on a timely basis all filings with the Securities and Exchange Commission, as required by the Securities Exchange Act of 1934, as amended. On April 16, 2009, the Company filed Amendment No. 1 to Form 10-K including Exhibit 13 and is now in compliance with NASDAQ Marketplace Rule 5250(c)(1).