UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  FORM 10-KSB/A
                               (Amendment No. One)

[X]      ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934
         [NO FEE REQUIRED]
         For the fiscal year ended June 30, 1998
                                       OR
[  ]     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
         EXCHANGE ACT OF 1934
         [NO FEE REQUIRED]
         For the transition period from                   to
                                        ----------------      -----------------
         Commission file number 0-23345


                         WYMAN PARK BANCORPORATION, INC.
--------------------------------------------------------------------------------
                 (Name of small business issuer in its charter)

      Delaware                                          52-2068893
--------------------------------------------------------------------------------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
incorporation or organization)


11 West Ridgely Road, Lutherville, Maryland                          21093
--------------------------------------------------------------------------------
(Address of principal executive offices)                           (Zip Code)


Registrant's telephone number, including area code:  (410) 252-6450
                                                     ---------------

           Securities Registered Pursuant to Section 12(b) of the Act:
                                      None
           Securities Registered Pursuant to Section 12(g) of the Act:
                     Common Stock, par value $0.01 per share
                                (Title of class)

     Check  whether  the issuer (1) filed all  reports  required  to be filed by
Section 13 or 15(d) of the  Securities  Exchange  Act of 1934 during the past 12
months (or for such shorter period that the registrant was required to file such
reports)  and (2) has been subject to such filing  requirements  for the past 90
days.  YES X . NO ___.

     Check if there is no disclosure  of  delinquent  filers in response to Item
405 of Regulation S-B contained herein, and no disclosure will be contained,  to
the  best  of  registrant's   knowledge,  in  definitive  proxy  or  information
statements  incorporated  by  reference  in Part III of this Form  10-KSB or any
amendment  to this Form  10-KSB.  [X] 

     State the issuer's revenues for its most recent fiscal year: $5,174,000.

     The aggregate  market value of the voting stock held by  non-affiliates  of
the registrant, computed by reference to the average of the bid and ask price of
such stock as of June 30, 1998, was approximately $12.2 million.  (The exclusion
from such amount of the market value of the shares owned by any person shall not
be deemed an admission by the registrant that such person is an affiliate of the
registrant.) 

     As of June 30, 1998,  there were 1,011,713 shares issued and outstanding of
the Registrant's Common Stock.

                       DOCUMENTS INCORPORATED BY REFERENCE

     PartsII of Form 10-KSB - Annual Report to Stockholders  for the fiscal year
     ended June 30, 1998.

     Part III of Form  10-KSB -  Portions  of Proxy  Statement  for 1998  Annual
     Meeting of Stockholders.


<PAGE>



                                   SIGNATURES


     In accordance  with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                        WYMAN PARK BANCORPORATION,
                                          INC.

Date: May 3, 1999                       By: /s/ Ernest A. Moretti
     --------------------                   ------------------------------------
                                            Ernest A. Moretti
                                            (Duly Authorized Representative)

     In  accordance  with the Exchange Act, this report has been signed below by
the following  persons on behalf of the  registrant and in the capacities and on
the dates indicated.



By: /s/ Ernest A. Moretti                By: /s/ Ronald W. Robinson
   ----------------------------------        -----------------------------------
   Ernest A. Moretti, Director,              Ronald W. Robinson,
   President and Chief Executive             Chief Financial Officer
    Officer                                  (Chief Financial and Accounting
   (Principal Executive and Operating          Officer)
     Officer)


Date: May 3, 1999                         Date: May 3, 1999
     ---------------------                     -----------------------



By: /s/ Allan B. Heaver                  By: /s/ H. Douglas Huether
   -------------------------------          ------------------------------------
   Allan B. Heaver, Chairman of             H. Douglas Huether, Director
    the Board


Date:  May 3, 1999                       Date:  May 3, 1999
      -------------------                      ----------------------


By:                                    By: /s/ John R. Beever
   ------------------------------          -------------------------------------
   John K. White, Director                 John R. Beever, Director


Date:                                  Date:  May 3, 1999
      ------------------                       ---------------------


By: /s/ Albert M. Copp                 By:
   -----------------------------           -------------------------------------
   Albert M. Copp, Director                Gilbert D. Marsiglia, Sr., Director

Date: May 3, 1999                      Date:
      ------------------                       ---------------------


By: /s/ Jay H. Salkin                  By:
    ---------------------------             ------------------------------------
    Jay H. Salkin, Director                 G. Scott Barhight, Director

Date:  May 3, 1999                     Date:
       -----------------                       ---------------------



<PAGE>



                               Index to Exhibits



 Regulation S-B                                                    Reference to
    Exhibit                                                       Exhibit-Number
     Number                       Document                       Attached Hereto
 ---------------    ------------------------------------------   ---------------
      13            Annual Report to Security Holders                  13