Exhibit 10.24

                              EMPLOYMENT AGREEMENT
                              --------------------

This Employment Agreement (hereinafter sometimes the "Agreement") is made this
1st day of June, 2007 by and between CARROLLTON BANCORP and CARROLLTON BANK,
Employers, (hereinafter sometimes jointly referred to as the "Bank"), body
corporates of the State of Maryland, and LOLA B. STOKES of Howard County, State
of Maryland (hereinafter sometimes the "Employee").

                             INTRODUCTORY STATEMENT

            Carrollton Bancorp is a "holding company" which is the sole owner of
the capital stock of Carrollton Bank and Carrollton Bank is engaged in the
business of accepting deposits of money, paying and cashing checks, making
loans, etc., all as more fully described in West's Maryland Law Encyclopedia,
Volume 4, Section Banks and Trust Companies, and in and by the Regulations of
the Commissioner of Financial Regulation of the State of Maryland and the
Federal Deposit Insurance Corporation. The Employee has extensive experience in
the field of banking and the regulations pertaining thereto and the Boards of
Directors of the "holding company" and the Bank (hereinafter sometimes the
"Board") are fully familiar with Employee's knowledge of the banking business,
her ability by reason of her extensive knowledge of the regulations under which
Bank's operate, to assist in the development and growth of the Bank's operations
and profits and in the expansion of the "holding company" and the Bank and
therefore have determined that it is in the best interest of the Bank and the
"holding company" and its stockholders to reinforce and encourage the continued
attention and dedication of the Employee to the "holding company" and to the
Bank by providing for the continued employment of the Employee with the "holding
company" and the Bank.

            The Employee is willing to commit herself to serve the Bank on the
terms and conditions herein provided.

            In order to effect the foregoing, the Bank and the Employee wish to
enter into an employment agreement on the terms and conditions set forth herein
below.

            NOW, THEREFORE, in consideration of Ten Dollars ($10.00) paid each
to the other, receipt of which is hereby acknowledged and in consideration of
the respective covenants and agreements of the parties herein contained, and
intending to be legally bound hereby, the parties hereto agree as follows:

            1. Employment. The Bank hereby employs the Employee as Senior Vice
President and Compliance Officer, and the Employee hereby accepts such
employment in accordance with the terms and conditions of this Agreement.

                1.1. Assignability. This Agreement is purely personal to the
parties hereto, and neither party shall have the right to assign, transfer,
pledge, or otherwise affect any interest hereunder nor any of the monies called
for herein.

            2. Duties of Employee. Employee has, for several years past, been
engaged by Bank in the identical position herein described. It is contemplated
by this Agreement that Employee's duties shall be comparable to those presently
undertaken by Employee, which can generally be described as being responsible
for the day to day compliance by the management and employees of the Bank, with
all regulations, state and federal, pertaining to the Bank and the banking
industry. The duties of employment shall include such additional executive and
managerial duties on behalf of the Bank and its operations of a character in
keeping with the Employee's position as may, from time to time, be assigned to
the Employee by the Board of Directors.

                2.1. Best Efforts of Employee. Employee agrees that she will, at
all times, faithfully, industriously, and to the best of her ability,
experience, and talents perform all of the duties that may be required of and
from her pursuant to the express and implicit terms of this Agreement to the
reasonable satisfaction of Bank.

            3. Term. The term of employment shall begin on the date first
hereinabove set forth, for a period of two years with successive one year
renewals, unless this Agreement is terminated by either party as herein
provided.

            4. Compensation.

                4.1. Salary. During the period of the Employee's employment
hereunder, the Bank shall pay to the Employee a minimum annual base salary at a
rate of One Hundred Seventeen Thousand Five Hundred Dollars ($117,500.00) or
such rate as may, from time to time, be determined by the Board, such salary to
be paid in substantially even installments, subject to customary payroll
deductions, in accordance with the normal payroll practices of the Bank. The
Employee's salary will be reviewed by the Bank's Compensation Committee at least
annually.

<PAGE>

                Employee shall not receive additional compensation for services
rendered to the Bancorp. It is the intent of the parties hereto that all
compensation, benefits, and bonus, if any, shall be paid by Carrollton Bank.

                Prior to any renewal or extension of the term of this Agreement,
salary adjustments shall be recommended to the Board by Bank's Compensation
Committee.

                4.2. Bonus. So long as Employee is employed under the provisions
of this Agreement by Bank, at the end of each calendar year, Employee may
receive a cash bonus not to exceed ten percent (10%) of her base salary. The
amount of the bonus will be determined by Bank's Compensation Committee based
upon Employee and Bank having achieved or exceeded the defined goals and
objectives established for the subject year by the aforesaid committee and the
Board of Directors. It is agreed that the goals and objectives will focus on
core profit, earnings, strategic plan achievements and professional
accomplishments.

                4.3. Other Benefits. The Employee shall be entitled to
participate in all of the benefit plans and arrangements in effect on the date
hereof in which employees and Officers of the Bank participate, including group
life insurance and accident plans, medical and dental insurance plans, and short
and long term disability plans, defined benefit plan and 401K plan, provided,
however, that changes in such plans or arrangements may be made, including
termination of such plans or arrangements, if such changes occur pursuant to a
program applicable to all employees and Officers of the Bank and do not result
in a proportionately greater reduction in the rights of or benefits to the
Employee as compared with any other employee of the Bank. The Employee agrees to
cooperate in obtaining such benefits, including submitting to physical
examination and drug testing, if required to do so by insurance carriers and/or
the Board of Directors.

                4.4. Expenses. During the term of the Employee's employment
hereunder, the Employee shall be entitled to receive prompt reimbursement for
all reasonable and customary expenses incurred by the Employee in performing
services hereunder, upon presentment of receipts for such expenses.

                4.5 Vacations. Employee shall be entitled to an annual vacation
time, with full pay, in keeping with Bank policy as same shall from time to time
be amended. Vacation time must be taken during the calendar year in which it is
accrued and cannot be accumulated and carried over into succeeding calendar
years except when permitted by the Chairman of the Board. The Employee shall
take her vacation at reasonable time or times taking into consideration the
needs of the Bank.

                4.6. Sick Leave. Employee shall be entitled to sick leave in
keeping with Bank policy as same shall from time to time be amended. Days
awarded under said sick leave policy are not cumulative and may not be carried
over into succeeding calendars years except when permitted by the Chairman of
the Board.

             4.7. Taxation. Under the provisions and regulations pertaining to
compensation promulgated by Federal and State taxing authorities as same now
exists or as same may be amended, Bank may be required to report some or all of
the proposed benefits as additional compensation to Employee, in which event,
the tax consequences shall be the responsibility of Employee.

            5. Termination. The Employee's employment hereunder may be
terminated without any breach of this Agreement under the following
circumstances:

                5.1. Death. The Employee's employment hereunder shall terminate
upon her death.

                5.2. Disability. If, as a result of the Employee's incapacity
due to physical or mental illness, the Employee shall have been absent from her
duties hereunder on a full-time basis for the entire period of six (6) months
and within thirty (30) days after written Notice of Termination is given (which
notice may be given before or after the end of the six month period) shall not
have returned to the performance of her duties hereunder on a full time basis,
the Bank may terminate the Employee's employment hereunder. Benefits, if any,
shall continue to be paid to Employee in keeping with the provisions of any
Disability Plan under which Employee was covered prior to her termination.

                5.3. Voluntary Termination by the Employee. The Employee may
voluntarily resign or terminate her employment hereunder by transmitting a
written Notice of Termination to the Bank at least sixty (60) days prior to the
effective date of such resignation/termination. All compensation and benefits,
to or for Employee, shall continue for the sixty (60) day period and cease and
terminate on the effective date of resignation/termination. Employee agrees to
continue rendering her best efforts on behalf of the Bank during this sixty (60)
day period unless Bank requests her to cease at an earlier date, which request
will not interfere with Employee's continued compensation.

                5.4. Termination for Cause. The Bank may terminate Employee's
employment with the Bank without triggering the provisions of Section 6, upon
discovery of Employee's fraud, dishonesty, moral turpitude, willful misconduct,
breach of fiduciary duty involving personal profit, intentional failure to
perform stated duties as herein set out or as determined by the Board, willful
violation of any law, rule, or regulation (other than traffic violations or
similar offenses) or any final cease-and-desist order or the taking of any
wrongful action which Employee knew or should have known would cause injury to
the Bank or its reputation or the breach of any provision of this Agreement.

                Should Employee, under State or Federal law, be indicted or, by
information, be charged with the commission of a felony, Board may suspend, with
or without pay, Employee's services. Should Employee be convicted of the
commission of a felony, Board may terminate Employee's employment and the
termination shall be for cause.

                5.5. Any termination of the Employee's employment (other than
termination pursuant to Section 5.1 hereof) shall be communicated by written
Notice of Termination to the other party as provided in Section 8 hereof.

                5.6. Bank's Right to Terminate. Nothing in this Section 5 or
elsewhere in this Agreement shall be interpreted to limit the Bank's authority
to discharge Employee at any time with or without cause.

            6. Compensation Upon Termination.

                6.1. Termination Without Cause. Should Bank terminate Employee's
employment for any reason, other than the provisions of Section 5.4 hereof,
Employee shall continue, for the next succeeding twelve (12) calendar months, to
receive her then current monthly salary, provided Employee fully complies with
the provisions of Sections 9 and 13 hereof. Normal deductions for withholding
taxes, insurance, etc. shall continue to be withheld by Bank for Employee's
benefit. These payments shall be made monthly and shall not be paid in a "lump
sum."

                In addition, Employee shall continue to participate in all plans
in which she participated at the time of termination for a period of twelve
months on the same terms, basis, and conditions set forth in Section 4.3 hereof.

                A change in duties of the Employee or a change in office
location of the Employee shall in no manner be considered or constitute a
termination of employment.

         6.2. Termination for Cause. Should Employee's employment terminate
pursuant to the provisions of Section 5.1, 5.2, 5.3, or 5.4 of this Agreement,
Employee shall not be entitled to any further compensation or benefits
(including, but not limited to insurance, except as may be provided in the
insurance plan, or annual bonus) beyond the "date of termination." For purposes
of this section, "date of termination" shall be the date specified in the Notice
of Termination or, if no date is specified, the date on which the Notice of
Termination is given or, as to Section 5.1, the date of death.

                6.3. Employee's Obligations Upon Termination. Upon termination,
with or without cause, Employee will promptly return to Bank all property owned
by the Bank which is in Employee's possession or control. This provision shall
include, but not be limited to, vehicles, keys, credit cards, debit cards, and
access cards.

                6.4. Termination as a Result of Sale of Bank. During the term of
this Agreement, should Employee's employment be terminated within twelve months
after the closing date of the sale, merger or change of control of Bank,
Employee shall receive a severance package consisting of: (a) one year of her
then current base salary and these funds shall be paid monthly and not in a
"lump sum"; and (b) continuation for a period of one year, of all medical and
long-term disability and life insurance in amounts and subject to the provisions
in effect as of the date of sale, merger or change in control.

<PAGE>

            For the purposes of this Article 6 Section 6.4, the term "change in
control" shall mean either: (a) the acquisition by one or more persons, acting
in concert, of 51% or more of the issued capital stock of Carrollton Bancorp, or
(b) a majority of the Board of Directors of Carrollton Bancorp being elected
without having been nominated for election by Bancorps nominating committee or
by majority vote for nomination for Bancorps Board of Directors.

            Should the sale, merger or change in control of Bank be the result
of Regulatory action, State and/or Federal, the provisions of this section shall
be subject to modification by said Regulator.

             6.5. "Termination" shall mean that Employee is no longer employed
by Bank or a successor entity in any capacity.

            7. Compensation During Disability. During any period that the
Employee fails to perform her duties hereunder as a result of incapacity due to
physical or mental illness, the Employee shall continue to receive or shall
receive the benefits of (as the case may be), all items described in Section 4
hereof at the rate then in effect for such period until her employment is
terminated pursuant to Section 5.2 hereof, provided that payments so made to the
Employee shall be reduced by the sum of the amounts, if any, payable to the
Employee under the Bank's disability insurance, under worker's compensation
insurance or under any other insurance.

            8. Notice. Whenever notice is required to be given under the
provisions of this Agreement, it shall be given in writing by hand-delivery or
United States registered or certified mail, return receipt requested, and shall
be deemed to have been transmitted on the date such notice is so delivered,
transmitted, or mailed, if addressed as follows:

                If to the Bank:

                Carrollton Bank
                P.O. Box 24129
                Baltimore, MD  21227
                Attention:  Chairman of the Board, Carrollton Bank

                If to the Employee:

                Lola B. Stokes
                3385 Walnut Drive
                Ellicott City, MD  21043

or to such other address as either of the parties hereto, by written notice to
the other, may, from time to time, designate.


            9. Confidential Information.

                9.1 Employee agrees that any information received by the
Employee during her employment with Bank which concerns the personal, financial,
or other affairs of the Bank or any of its customers, employees or stockholders
will be treated by the Employee in full confidence and will not be revealed to
any other persons, firms, or organizations nor will Employee make personal use
of any confidential information concerning the Bank's business or about its
customers, employees, or stockholders.

                9.2 Bank agrees that any information pertaining to Employee
received by the Bank during the course of Employee's employment by Bank will be
treated by Bank in full confidence and will not be revealed to any other
persons, firms, or organizations, nor will Bank make use of such confidential
information.

    10. Arbitration of Disputes. Any controversy or claim arising out of or
relating to this Agreement or the breach thereof shall be settled by arbitration
in accordance with the rules of the American Arbitration Association. Judgment
upon the award rendered by the arbitrator may be entered in any court having
jurisdiction thereof.

                However, in the event of non-compliance or violation, as the
case may be, of Section 9 and/or 13 hereof, the Bank may alternatively apply to
a court of competent jurisdiction for a temporary restraining order and/or such
other legal and equitable remedies as may be appropriate, since the Bank would
have no adequate remedy at law for such violation or non-compliance.

    11. Other Employment. Employee, during the term of this Agreement, is
prohibited from accepting or undertaking any work or employment, with or without
compensation, from another employer without Bank's written consent. It is Bank's
intention that Employee devote all of Employee's work efforts toward the
development and improvement of the Bank's business. However, Employee may
undertake investment opportunities which do not conflict with her Bank duties
and responsibilities. Bank's determinations as to other employment will be
reasonable and prompt.



    12. Other Regulatory Provisions.

                12.1. Suspension. If Employee is suspended and/or temporarily
prohibited from participating in the conduct of the Bank's affairs by a notice
served under the provisions of the Federal Deposit Insurance Act, the Bank's
obligations under this Agreement shall be suspended, as of the date of service,
unless stayed by appropriate proceedings.

                12.2. Removal. If Employee is removed and/or permanently
prohibited from participating in the conduct of Bank's affairs by an order
issued under the provisions of the Federal Deposit Insurance Act, all
obligations of the Bank under this Agreement shall terminate as of the effective
date of the order, but vested rights of the parties hereto shall not be
affected.

                12.3. Bank's Default. If the Bank is in default (as defined
under the provisions of the Federal Deposit Insurance Act), all obligations
under this Agreement may be modified or terminated as of the date of default,
but this Paragraph 12.3 shall not affect any vested rights of the parties
hereto.

                12.4. Contractual Obligations. All obligations under this
Agreement may be modified or terminated, except to the extent determined that
continuation of the Agreement is necessary for the continued operation of the
Bank:

                                    (i) by the Federal Deposit Insurance
Corporation or the Resolution Trust Corporation or its designee at the time it
enters into an agreement to provide assistance to or on behalf of the Bank under
the authority contained in the Federal Deposit Insurance Act; or

                                   (ii) by the Board of Directors of the Federal
Deposit Insurance Corporation or the Resolution Trust or its designee at the
time that it approves a supervisory merger to resolve problems related to the
operation of the Bank or when the Bank is determined to be in an unsafe or
unsound condition.

                                   Any rights of the parties hereto that have
already vested, however, shall not be affected by such action.

    13. Non-Compete. For a period of twelve (12) months following termination of
her employment with Bank, Employee agrees that she shall not solicit customers
of the Bank for any purpose whatsoever.

    14. Training of Others. Because of the possibility of Employee's death or
disability during the term of this Agreement, Employee agrees to develop a "plan
of succession" meeting with the Board's approval.

    15. Miscellaneous.

                a) No provisions of this Agreement may be modified, waived, or
discharged, unless such waiver, modification, or discharge is agreed to in
writing signed by the Employee and such officer of the Bank as may be
specifically designated by the Board.

                b) No waiver by either party hereto at any time of any breach by
the other party hereto of or compliance with any condition or provision of this
Agreement to be performed by such other party shall be deemed a waiver of
similar or dissimilar provisions or conditions as the same or at any prior or
subsequent time.

<PAGE>

                c) The validity, interpretation, construction, and performance
of this Agreement shall be governed by the laws of the State of Maryland without
regard to its conflicts of law provisions.

                d) The invalidity or unenforceability of any provision or
provisions of this Agreement shall not affect the validity or enforceability of
any other provision of this Agreement which shall remain in full force and
effect.

                e) This Agreement sets forth the entire agreement of the parties
hereto in respect of the subject matter contained herein and supersedes all
prior agreements, promises, covenants, arrangements, communications,
representations or warranties, whether oral or written, by any officer, employee
or representative of any party hereto; and any prior agreement of the parties
hereto in respect of the subject matter contained herein is hereby terminated
and canceled.

            IN WITNESS WHEREOF, the parties have executed this Agreement under
seal as of the day and year first above written.

WITNESS/ATTEST:                   CARROLLTON BANCORP

/s/ Allyson Cwiek                 By:/s/ Albert R. Counselman
   -----------------                 ------------------------
                                         ALBERT R. COUNSELMAN,
                                         Chairman of the Board

                                  CARROLLTON BANK

/s/ Allyson Cwiek                 By:/s/ John Paul Rogers
    -------------                    --------------------
                                         JOHN PAUL ROGERS,
                                         Chairman of the Board

/s/ Allyson Cwiek                   /s/  Lola B. Stokes
-----------------                   ------------------
                                        LOLA B. STOKES