Richard E. Hug Named to BankAnnapolis Board of Directors

BankAnnapolis today announced the election of Richard E. Hug, Chairman and CEO of Hug Enterprises, Inc., a firm specializing in business and real estate investment and consulting, to its Board of Directors.

Hug is well known for his civic involvement and has served as chairman of the Maryland Chamber of Commerce, Maryland Business for Responsive Government, Leadership Maryland, The National Aquarium in Baltimore, the Kennedy Krieger Institute, the United Way of Central Maryland and the Duke University School of the Environment.

No stranger to banking, Hug served on the board of Maryland National Bank from 1986 to 1993. He also previously served as a director of Blue Cross/Blue Shield of Maryland and as a member of the Board of Regents for the University System of Maryland.

Hug was named the National Outstanding Volunteer Fund Raiser in 1992, and has led numerous area fund drives including those benefiting the National Aquarium in Baltimore, the United Way, and the University of Maryland Medical Systems. Currently, he sits on the boards of the University Systems of Maryland Foundation, the Duke University School of the Environment, Loyola College in Maryland, the Institute of Human Virology, and AAA-Maryland.

“We are extremely pleased to welcome Dick Hug to the BankAnnapolis Board of Directors,” said Richard M. Lerner, Chairman and CEO of BankAnnapolis. “In addition to his impeccable reputation, strong leadership skills, and impressive record of success in the business world, Dick brings to the board an extensive contact list that will prove invaluable in helping the Bank generate new business. He and BankAnnapolis share the same business principles and values, as well as a commitment to strengthening the community through public service and giving back. Dick will be a real asset to BankAnnapolis and we’re fortunate to have him on our board.”

“My recent election to the Board of Directors of BankAnnapolis is most gratifying,” Hug said. “I am so impressed with the Bank’s leadership and community culture, and believe that I can be helpful in their quest for growth and superb customer service.”

Hug is a 1956/1957 graduate of Duke University and began his business career with Koppers Company, Inc., where he was named a corporate vice president in 1973. In 1983, he became President, Chairman and Chief Executive Officer of Environmental Elements Corporation, a firm specializing in air pollution control systems for the utility and industrial markets. After a successful IPO in 1990, the company was listed on the New York Stock Exchange in 1991. Hug retired in 1995, but remained a director, stockholder, and Chairman Emeritus until the company’s sale in 2006.

Hug, 74, resides in Arnold with his wife Lois. They have two children and four grandchildren.

BankAnnapolis contributes financial, in-kind and volunteer assistance to numerous nonprofit institutions and organizations that assist people in need and enhance the quality of life in the Greater Annapolis area. Through its eight community banking offices in Anne Arundel and Queen Anne's Counties, BankAnnapolis serves the financial needs of small businesses, professional concerns and consumers. The Bank’s parent company, Annapolis Bancorp, Inc. (NASDAQ:ANNB), trades on the NASDAQ Capital Market under the ticker symbol “ANNB” and reported total assets of $469.6 million at March 31, 2009.