Special counsel Edward B. Crosland, Jr. and partner Regina N. Hamilton recently represented Fairmount Bank in connection with the mutual-to-stock conversion and related stock offering of Fairmount Bank, a subsidiary of Fairmount Bancorp, Inc. The transaction was completed June 2, 2010, and 444,038 shares of common stock were sold at a purchase price of $10.00 per share, including 35,523 shares of common stock that were sold to the Fairmount Bancorp, Inc. employee stock ownership plan. The shares of common stock were expected to begin trading on the OTC Bulletin Board under the trading symbol "FMTB" on June 3, 2010.

Fairmount Bank is a federally chartered savings bank located in the Rosedale area of Baltimore County, Maryland, that was originally founded in 1879. Fairmount Bank has operated as a community-oriented institution by offering a variety of loan and deposit products and serving the other financial needs of its local community.