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

                                   FORM 10-KSB

[X]  ANNUAL REPORT  PURSUANT TO SECTION 13 OR 15(d) OF THE  SECURITIES  EXCHANGE
     ACT OF 1934

     For the fiscal year ended June 30, 2001

                                       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             (I.R.S. Employer Identification No.)
of 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: $5,237,000.

     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, 2001, was approximately  $3.5 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 August 31, 2001 there were 822,490  shares issued and  outstanding of
the registrant's Common Stock.

<PAGE>

                       DOCUMENTS INCORPORATED BY REFERENCE

     1.   Portions of Annual  Report to  Stockholders  for the fiscal year ended
          June 30, 2001 (Part II)

     2.   Portions of Proxy  Statement for 2001 Annual  Meeting of  Stockholders
          (Part III)

<PAGE>

                                     PART I

Item 1.  Description of Business

Forward-Looking Statements

     When  used  in  this  filing  and  in  future  filings  by the  Wyman  Park
Bancorporation (the "Company") with the Securities and Exchange  Commission,  in
the Company's press releases or other public or shareholder  communications,  or
in oral statements, the words or phrases "would be," "will allow," "intends to,"
"will likely  result,"  "are expected to," "will  continue,"  "is  anticipated,"
"estimate,"   "project"  or  similar   expressions   are  intended  to  identify
"forward-looking  statements"  within  the  meaning  of the  Private  Securities
Litigation  Reform  Act of 1995.  Such  statements  are  subject  to  risks  and
uncertainties,  including  but not limited to changes in economic  conditions in
the  Company's  market  area,  changes  in  policies  by  regulatory   agencies,
fluctuations  in interest rates,  demand for loans in the Company's  market area
and  competition,  all or some of which  could  cause  actual  results to differ
materially  from  historical   earnings  and  those  presently   anticipated  or
projected.

     The Company  wishes to caution  readers not to place undue  reliance on any
such  forward-looking  statements,  which  speak only as of the date  made,  and
advises readers that various factors,  including  regional and national economic
conditions,  substantial  changes in levels of market interest rates, credit and
other risks of lending and investment  activities and competitive and regulatory
factors,  could affect the Company's  financial  performance and could cause the
Company's  actual  results for future  periods to differ  materially  from those
anticipated or projected.

     The Company does not undertake,  and specifically disclaims any obligation,
to update any forward-looking statements to reflect occurrences or unanticipated
events or circumstances after the date of such statements.

General

     The Company.  Wyman Park Bancorporation,  Inc. (the "Company") is a savings
and loan holding company which became the sole stockholder of Wyman Park Federal
Savings & Loan  Association  (the  "Association"  or "Wyman Park") in connection
with the  Association's  conversion from the mutual to the stock form on January
5, 1998.  All  references to the Company prior to January 5, 1998,  except where
otherwise indicated, are to the Association.

     At June 30,  2001,  the  Company had assets of $70.6  million,  deposits of
$60.2 million and stockholders' equity of $8.7 million.

     The  principal  executive  offices of the  Company  are  located at 11 West
Ridgely Road,  Lutherville,  Maryland 21093,  and its telephone  number is (410)
252-6450.

<PAGE>

     The activities of the Company itself have been limited to investment in the
stock of the Association,  interest-bearing  deposits at financial institutions,
short-term  borrowings and a note  receivable  from the  Association's  Employee
Stock Ownership Plan. Unless otherwise indicated, all activities discussed below
are of the Association.

     The  Association.   The  Association  is  a   federally-chartered   savings
association with its principal executive offices in Lutherville,  Maryland.  Its
deposits are insured up to applicable  limits by the Federal  Deposit  Insurance
Corporation (the "FDIC").  The Association is primarily  engaged in the business
of attracting  savings deposits from the general public and investing such funds
in permanent  mortgage  loans secured by one- to  four-family  residential  real
estate  located  primarily in central  Baltimore  county and northern  Baltimore
City,  Maryland.  Through its branch office located in Glen Burnie,  a suburb to
the south of Baltimore,  the  Association  also  services  Anne Arundel  County,
Maryland.  In  addition  to  permanent  mortgage  loans,  the  Association  also
originates,  to  a  lesser  extent,  loans  for  the  construction  of  one-  to
four-family real estate,  commercial  loans secured by multi-family  real estate
(over four units) and nonresidential real estate, and consumer loans,  including
home  equity  lines of credit,  home  improvement  loans,  and loans  secured by
savings  deposits.  The  Association  invests  in U.S.  government  obligations,
interest-bearing  deposits  in  other  financial  institutions,  mortgage-backed
securities, and other investments permitted by applicable law.

Lending Activities

     Market  Area.  The  Company's  office is located at 11 West  Ridgely  Road,
Lutherville,  Maryland.  Through this office and a branch location,  the Company
primarily serves central Baltimore County and northern Baltimore City, Maryland,
as well as Glen Burnie,  a suburb south of  Baltimore  and Anne Arundel  County,
Maryland.

     General. The principal lending activity of the Company is originating first
mortgage  loans  secured  by  owner-occupied  one-  to  four-family  residential
properties  located  in its  primary  market  areas.  In  addition,  in order to
increase the yield and the interest  rate  sensitivity  of its  portfolio and in
order to provide more comprehensive financial services to families and community
businesses in the Company's  primary  market area,  the Company also  originates
commercial real estate,  multi-family,  consumer (secured and unsecured),  land,
and second mortgage  loans.  The Company may in the future adjust or discontinue
any product offerings to respond to competitive or economic factors.

     The  Company's   commercial  non-real  estate  lending  operation  provides
business loans to small businesses in the local community.  The Company believes
that this additional lending activity will assist in increasing the yield on its
total loan portfolio.

                                       2

<PAGE>

     Loan  Portfolio  Composition.  The  following  information  concerning  the
composition of the Company's  loan  portfolios in dollar amounts as of the dates
indicated.

<TABLE>
<CAPTION>
                                                                    June 30,
                                                     -------------------------------------
                                                        2001                      2000
                                                        ----                      ----
                                                       Amount                    Amount
                                                       ------                    ------
                                                             (Dollars in Thousands)

Real Estate Loans:
------------------
<S>                                                   <C>                       <C>
 One- to four-family                                  $ 51,189                  $ 53,384
 Multi-family                                              871                       314
 Commercial                                              7,467                     7,709
 Construction or development - residential                 528                       250
 Construction or development - commercial                1,885                        --
                                                      --------                  --------
     Total real estate loans                            61,940                    61,657

Commercial Non-Real Estate Loans                         1,585                       968

Other Loans:
------------
 Consumer Loans:
   Deposit account loans                                   168                       170
   Home equity                                           3,087                     3,010
   Home improvement                                         23                        11
   Overdraft lines of credit                                14                        12
                                                      --------                  --------
      Total consumer loans                               3,292                     3,203
                                                      --------                  --------
      Total loans, gross                                66,817                    65,828
                                                      --------                  --------

Less:
-----
 Loans in process                                       (1,668)                     (112)
 Deferred fees and discounts                              (151)                     (207)
 Allowance for losses                                     (285)                     (285)
                                                      --------                  --------
      Total loans receivable, net                     $ 64,713                  $ 65,224
                                                      ========                  ========
</TABLE>

     Loan  Maturities.  The following table reflects at June 30, 2001 the dollar
amount  of  loans  maturing  or  subject  to  rate  adjustment  based  on  their
contractual  terms to maturity.  Loans with fixed rates are reflected based upon
the contractual  repayment schedule while loans with variable interest rates are
reflected  based upon the contractual  repayment  schedule up to the contractual
rate  adjustment  date.  Demand  loans,  loans  having  no  stated  schedule  of
repayments  and loans having no stated  maturity are reporte d as due within one
year or less.

<TABLE>
<CAPTION>
                                                Due in One      Due After One Year    Due After
                                               Year or Less     through Five Years    Five Years         Total
                                               ------------     ------------------    ----------         -----
                                                                         (In thousands)
<S>                                              <C>                  <C>               <C>             <C>
One-to-four family.....................          $ 6,853              $12,670           $31,666         $51,189
Multi-family and Commercial............              187                1,416             6,735           8,338
Commercial Non-Real Estate ............            1,067                  174               344           1,585
Consumer loans.........................            3,207                   78                 7           3,292
Construction or development............              900                1,513                --           2,413
                                                 -------              -------           -------         -------
                      Total                      $12,214              $15,851           $38,752         $66,817
                                                 =======              =======           =======         =======
</TABLE>

                                       3

<PAGE>

     The  following  table  sets  forth  the  dollar  amount  of loans  maturing
subsequent  to the year ending June 30, 2002  between  those with  predetermined
interest rates and those with floating, or variable, interest rates.

<TABLE>
<CAPTION>
                                                 Fixed        Variable
                                                 Rate           Rate            Total
                                                 ----           ----            -----
                                                         (In thousands)
<S>                                            <C>            <C>              <C>
One-to-four family.........................    $31,471        $12,865          $44,336
Multi-family and Commercial................      5,169          2,982            8,151
Commercial Non-Real Estate ................        501             17              158
Consumer loans.............................         85             --               85
Construction or development................         --          1,513               --
                                               -------        -------          -------
                      Total                    $37,226        $17,377          $54,603
                                               =======        =======          =======
</TABLE>

     Under  federal  law,  the  aggregate  amount of loans  that the  Company is
permitted to make to any one borrower is generally  limited to 15% of unimpaired
capital  and  surplus  (25%  if  the  security  for  such  loan  has a  "readily
ascertainable" value or 30% for certain residential  development loans). At June
30, 2001,  based on the above,  the Company's  regulatory  loan-to-one  borrower
limit was  approximately  $1.2  million.  On the same date,  the  Company had no
borrowers  with  outstanding  balances in excess of this amount.  As of June 30,
2001,  the largest  dollar  amount of  indebtedness  to one borrower or group of
related borrowers was a $983,000 loan secured by condominiums.  The next largest
indebtedness  had an  outstanding  balance  of  $946,000  and was  secured  by a
commercial  office  building  and a strip  shopping  center.  The third  largest
indebtedness  had an  outstanding  balance of $878,000 and was secured by rental
and investment  properties.  Such loans are performing in accordance  with their
terms.

One- to Four-Family Residential Real Estate Lending

     The  principal  activity of the  Company's  lending  program  involves  the
origination  of loans  secured  by first  mortgages  on  owner-occupied  one- to
four-family  residences.  At June  30,  2001,  $51.2  million,  or  76.6% of the
Company's gross loan portfolio consisted of such loans. Substantially all of the
residential loans originated by the Company are secured by properties located in
the Company's market area.

     Although the Company has  generally  sold its  fixed-rate  loan  production
since  1989,  historically,  the Company  originated  for  retention  in its own
portfolio  30-year  fixed-rate loans secured by one- to four-family  residential
real  estate.  The  Company  also  originates  adjustable  rate  mortgage  loans
("ARMs").  The  Company  has from time to time sold some of its ARM  production,
which conforms to standards  promulgated  by Freddie Mac (so-called  "conforming
loans") and also originates fixed-rate residential loans in amounts and at rates
and terms which are monitored for compliance with the Company's  asset/liability
management policy.  Currently,  the Company originates both conforming and jumbo
construction  and jumbo  fixed-rate

                                       4

<PAGE>


permanent  loans with  maturities of up to 30 years.  Jumbo loans are loans with
initial balances in excess of the maximum amount permitted for conforming loans.

     The Company's ARM and balloon loans are offered at rates,  terms and points
determined  in accordance  with market and  competitive  factors.  The Company's
current one- to four-family  residential  ARMs are fully  amortizing  loans with
contractual maturities of up to 30 years. Balloon loans also have terms of up to
30 years.  Though from time to time "teaser"  rates are offered,  applicants are
qualified  pursuant to Freddie Mac guidelines,  which permits  qualifications at
less than the fully indexed rate,  and no ARMs allow for negative  amortization.
The interest rates on the ARMs  originated by the Company are generally  subject
to adjustment at one-, three- and five-year intervals based on a margin over the
Treasury  Securities  Constant  Maturity  Index.  Decreases  or increases in the
interest  rate of the  Company's  ARMs are  generally  limited  to 6% above  the
initial  interest rate over the life of the loan,  and up to a 2% per adjustment
period per year or per adjustment  period. The Company's ARMs may be convertible
into fixed-rate  loans,  depending on the program  selected,  and do not contain
prepayment  penalties.  Loans are not  assumable.  At June 30,  2001,  the total
balance of one- to four-family ARMs was $16.0 million, or 24.0% of the Company's
gross loan portfolio.

     As a service  to its older  customers,  the  Company  originates  and sells
reverse  mortgages,  allowing the  homeowner to utilize  equity values that have
built up in the underlying property.

     The Company originates residential mortgage loans with loan-to-value ratios
generally up to 95%. On mortgage loans exceeding an 80%  loan-to-value  ratio at
the time of origination,  the Company will generally  require  private  mortgage
insurance in an amount  intended to reduce the  Company's  exposure to less than
80% of the appraised value of the underlying property.

Construction and Development Lending

     The Company makes construction loans to individuals for the construction of
their primary or secondary residences. Loans to individuals for the construction
of their  residences  typically  run for up to nine months.  The  borrower  pays
interest only during the construction period. Residential construction loans are
generally  underwritten  pursuant to the same  guidelines  used for  originating
permanent  residential  loans. At June 30, 2001 residential  construction  loans
totaled $528,000, or 0.8% of the Company's gross loan portfolio.

     The Company has participated in loans to builders and developers to finance
the construction of residential  property.  Such loans generally have adjustable
interest  rates based upon prime or treasury  indexes with variable  terms.  The
proceeds of the loan are advanced during  construction based upon the percentage
of completion as determined by an inspection by the lead lender. The loan amount
normally  does not exceed 75% of the  projected  completed  value.  Whether  the
Company is willing to provide  permanent  takeout  financing to the purchaser of
the  home is  determined  independently  of the  construction  loan by  separate
underwriting.  In the event  that  upon  completion  the house is not sold,  the
builder is required to make  principal and interest  payments until the house is
sold.

                                       5

<PAGE>

     Building lot loans,  which include loans to acquire vacant or raw land, are
made to individuals. All of such loans are secured by land zoned for residential
developments  and located  within the Company's  market area.  Before  extending
credit,  the Company will require  percolation  tests and related  permits to be
secured.

     Construction  and  development  lending,  through  participation  or direct
lending,  generally  affords the Company an opportunity  to receive  interest at
rates  higher  than those  obtainable  from  residential  lending and to receive
higher  origination  and other loan fees. In addition,  such loans are generally
made for relatively short terms.  Nevertheless,  construction lending to persons
other than  owner-occupants is generally considered to involve a higher level of
credit risk than one- to four-family  permanent  residential  lending due to the
concentration  of principal in a limited  number of loans and  borrowers and the
effects of general  economic  conditions on construction  projects,  real estate
developers  and  managers.  In addition,  the nature of these loans is such that
they are more difficult to evaluate and monitor. The Company's risk of loss on a
construction or development  loan is dependent  largely upon the accuracy of the
initial  estimate of the property's value upon completion of the project and the
estimated  cost  (including  interest) of the project.  If the estimate of value
proves to be  inaccurate,  the  Company  may be  confronted,  at or prior to the
maturity  of the loan,  with a project  with a value  which is  insufficient  to
assure  full  repayment  and/or the  possibility  of having to make  substantial
investments to complete and sell the project.  Because defaults in repayment may
not occur  during the  construction  period,  it may be  difficult  to  identify
problem loans at an early stage.  When loan  payments  become due, the cash flow
from the  property may not be adequate to service the debt.  In such cases,  the
Company may be required to modify the terms of the loan.

Commercial Real Estate Lending

     The Company's  commercial real estate loan portfolio consists of loans on a
variety of non-residential  properties including retail facilities,  warehouses,
small office buildings, small industrial parks and shopping centers. At June 30,
2001, the Company had $7.5 million in commercial  real estate loans,  comprising
11.2% of the  Company's  gross loan  portfolio,  and $1.9 million in  commercial
construction loans, representing 2.8% of the Company's gross loan portfolio.

     The Company has  originated  both balloon,  adjustable-rate  and fixed-rate
commercial real estate loans, although most current originations have balloon or
adjustable rates. Commercial loans generally adjust based on a constant maturity
index plus a margin.  Adjustable  rate loans  generally  have a balloon  feature
after one or two  adjustment  periods to allow the  Company to  re-evaluate  the
terms of the loan.  Balloon loans mature at the end of the initial  balloon term
and may be modified, extended or refinanced by the Company. Commercial loans are
generally  underwritten  in amounts of up to 75% of the  appraised  value of the
underlying property.

     Substantially  all of the  commercial  real estate loans  originated by the
Company are secured by properties located within the Company's market area.

                                       6

<PAGE>

     Commercial  real estate  loans  generally  present a higher level of credit
risk than loans secured by one- to four-family residences.  This greater risk is
due to several  factors,  including the  concentration of principal in a limited
number of loans and  borrowers,  the effects of general  economic  conditions on
income  producing  properties  and the increased  difficulty  of evaluating  and
monitoring these types of loans. Furthermore,  the repayment of loans secured by
commercial real estate is typically  dependent upon the successful  operation of
the related  real estate  project.  If the cash flow from the project is reduced
(for example, if leases are not obtained or renewed),  the borrower's ability to
repay the loan may be impaired.

Multi-Family Lending

     The Company has historically made few permanent  multi-family  loans in its
primary market area. As with  commercial real estate loans,  multi-family  loans
present  a  higher  level  of  credit  risk  than do  loans  secured  by one- to
four-family  residences.  At  June  30,  2001,  loans  secured  by  multi-family
properties aggregated $871,000, or 1.3% of the Company's gross loan portfolio.

     The Company's multi-family loan portfolio includes loans secured by five or
more unit residential buildings located primarily in the Company's market area.

Consumer Lending

     The Company offers a variety of consumer loans,  including loans secured by
savings  deposits,  home equity lines of credit and overdraft lines of credit as
well as unsecured  home  improvement  loans.  The Company  currently  originates
substantially  all of its consumer  loans in its market area.  At June 30, 2001,
the Company's consumer loans totaled $3.3 million or 4.9% of the Company's gross
loan portfolio.

     The largest component of the Company's consumer lending program is its home
equity line. At June 30, 2001, home equity loans totaled $3.1 million or 4.6% of
gross loans receivable. The Company's home equity lines of credit are originated
in amounts which,  together with the amount of the first mortgage,  generally do
not exceed 90% of the appraised value of the property securing the loan. At June
30, 2001, the Company had $6.1 million of funds  committed,  but undrawn,  under
such lines.

     Consumer loans may entail  greater risk than  residential  mortgage  loans,
particularly  in the case of consumer  loans which are  unsecured  or secured by
rapidly depreciable assets. In addition, consumer loan collections are dependent
on the borrower's continuing financial stability, and thus are more likely to be
affected by adverse  personal  circumstances.  Furthermore,  the  application of
various  federal and state laws,  including  federal  and state  bankruptcy  and
insolvency laws, may limit the amount which can be recovered on such loans.

                                       7

<PAGE>

Delinquencies and Non-Performing Assets

     Non-Performing   Assets.  The  table  below  sets  forth  the  amounts  and
categories of non-performing  assets in the Company's loan portfolio.  Loans are
placed on non-accrual  status when the collection of principal  and/or  interest
becomes  doubtful,  such as when there has been non payment for 90 days or more.
Foreclosed assets include assets acquired in settlement of loans. As of June 30,
2001, there were no loans that were accruing but contractually  past due 90 days
or more as to principal and interest  payments.  Also,  there were no loans that
were "troubled debt restructurings" within the meaning of Statement of Financial
Accounting Standards No. 15.

                                                          June 30,
                                                ---------------------------
                                                  2001               2000
                                                --------           --------
                                                   (Dollars in Thousands

     Non-accruing loans                          $ 112              $  --
                                                  ----               ----

     Total non-performing assets............     $ 112              $  --
                                                  ====               ====
     Total as a percentage of total assets..       0.16%               --%
                                                 =====               ====

     As of the most recent  reported  period,  $8,099 in gross  interest  income
would have been  recorded for the year ended June 30, 2001 if the loans had been
current  in  accordance  with  their  original  terms  and had been  outstanding
throughout the year ended June 30, 2001 or since their  origination (if held for
only part of the  fiscal  year).  For the year ended  June 30,  2001,  $6,370 in
interest income on such loans was actually included in net income.

     Classification  of Assets.  Federal  regulations  require that each savings
institution  classify  its own  assets  on a  regular  basis.  In  addition,  in
connection  with  examinations of savings  institutions,  OTS and FDIC examiners
have authority to identify  problem assets and, if appropriate,  require them to
be classified.  There are three classifications for problem assets: Substandard,
Doubtful and Loss.  Substandard  assets have one or more defined  weaknesses and
are characterized by the distinct possibility that the Company will sustain some
loss if the deficiencies are not corrected.  Doubtful assets have the weaknesses
of Substandard assets, with the additional  characteristics  that the weaknesses
make collection or liquidation in full on the basis of currently existing facts,
conditions and values questionable,  and there is a high possibility of loss. An
asset classified Loss is considered  uncollectible and of such little value that
continuance  as an  asset  on the  balance  sheet  of the  institution,  without
establishment of a specific valuation allowance or charge-off, is not warranted.
Assets  classified  as  Substandard  or  Doubtful  require  the  institution  to
establish  prudent  general  allowances for loan losses.  If an asset or portion
thereof is  classified  as a Loss,  the  institution  may charge off such amount
against  the loan loss  allowance.  If an  institution  does not  agree  with an
examiner's  classification of an asset, it may appeal this  determination to the
District Director of the OTS.

     On the basis of  management's  review of its assets,  at June 30, 2001, the
Company had four loans totaling $112,000 classified substandard.

                                       8

<PAGE>

     Other  Assets  of  Concern.   In  addition  to  non-performing   loans  and
substandard  loans  discussed  above,  as of June 30, 2001,  the Company had two
loans totaling $162,000,  which, because of known information about the possible
credit  problems of the  borrowers or the cash flows of the  security  property,
would cause management to have some doubts as to the ability of the borrowers to
comply with present loan repayment terms and may result in the future  inclusion
of such assets in non-performing asset categories.

     Allowance for Loan Losses.  The  allowance  for loan losses is  established
through a provision for loan losses  charged to earnings  based on  management's
evaluation of the risk inherent in its entire loan  portfolio and changes in the
nature and volume of its loan activity. Such evaluation, which includes a review
of all  loans  of  which  full  collectibility  may not be  reasonably  assured,
considers the  estimated  net  realizable  value of the  underlying  collateral,
economic  conditions,  historical  loan loss  experience  and other factors that
warrant  recognition in providing for an adequate  allowance for loan losses. In
determining the general  reserves under these policies,  historical  charge-offs
and recoveries, changes in the mix and levels of the various types of loans, net
realizable  values,  the current loan portfolio and current economic  conditions
are considered. Management also considers the Company's non-performing assets in
establishing its allowance for loan losses.

     As of June 30, 2001,  the Company's  allowance for loan losses as a percent
of gross loans receivable  amounted to 0.4%. The Company had four non-performing
loans. While management believes that it uses the best information  available to
determine the  allowance for loan losses,  unforeseen  market  conditions  could
result in adjustments  to the allowance for loan losses,  and net earnings could
be  significantly  affected,  if  circumstances  differ  substantially  from the
assumptions used in making the final determination.

     The following  table sets forth an analysis of the Company's  allowance for
loan losses.

<TABLE>
<CAPTION>
                                                           June 30,
                                                  --------------------------
                                                      2001          2000
                                                  -----------    -----------
                                                     (Dollars in Thousands
<S>                                                <C>             <C>
Balance at beginning of period                     $      285      $     283

Charge-offs                                                --             --

Additions charged to operations                            --              2
                                                   ----------      ---------
Balance at end of period                           $      285      $     285
                                                   ==========      =========

Ratio of net charge-offs during the period to
Average loans outstanding during the period                --             --
                                                   ==========      =========

Ratio of net charge-offs during the period to
Average non-performing assets                              --%            --%
                                                   ==========      =========
</TABLE>

                                       9

<PAGE>

     The  distribution  of the  Company's  allowance  for losses on loans at the
dates indicated is summarized as follows:

<TABLE>
<CAPTION>

                                                                        June 30,
                                     ----------------------------------------------------------------------------
                                                   2001                                        2000
                                     ----------------------------------------------------------------------------
                                                           Percent                                      Percent
                                                           of Loans                                    of Loans
                                                           in Each                                      in Each
                                       Amount of           Category               Amount of            Category
                                       Loan Loss           to Total               Loan Loss            to Total
                                       Allowance            Loans                 Allowance              Loans
                                      -----------        -----------             -----------          -----------
                                                               (Dollars in Thousands)
<S>                                     <C>                  <C>                   <C>                  <C>
One- to four-family.........            $    27              78.84%                $   27               81.10%
Multi-family................                 --               1.33                     --                0.48
Commercial real estate......                 78              12.06                     77               11.71
Commercial non-real estate....               16               2.43                     10                1.47
Construction or development.                 --               0.30                     --                0.38
Consumer....................                 --               5.04                     --                4.86
Unallocated.................                164                 --                    171                  --
                                        -------           --------                 ------              ------
    Total                               $   285             100.00%                $  285              100.00%
                                        =======           ========                 ======              ======
</TABLE>

Investment Activities

     As  part  of  its   asset/liability   management   strategy  and  liquidity
requirements,  the Company invests in U.S.  government and agency obligations to
supplement its lending activities.  The Company's  investment policy also allows
for investments in overnight funds,  mortgage-backed securities and certificates
of deposit.  The Company may consider the  expansion of  investments  into other
securities if deemed appropriate.  At June 30, 2001, the Company did not own any
securities  of a single  issuer  which  exceeded 10% of the  Company's  retained
earnings.  See Note 3 of the Notes to the Consolidated  Financial Statements for
additional information regarding the Company's investment securities portfolio.

     All  of  the  Company's  investment   securities,   except  mortgage-backed
securities, are classified as available for sale. Mortgage-backed securities are
classified  as held to  maturity.  The Company may elect to classify  investment
securities  acquired in the future as trading securities or as held to maturity,
instead of available-for-sale, but there are no current plans to do so.




                                       10


<PAGE>




         The following table sets forth the composition of the Company's
investment and mortgage-backed securities at the dates indicated.

<TABLE>
<CAPTION>

                                                                   June 30,
                                              ------------------------------------------------------
                                                       2001                         2000
                                              ----------------------    ----------------------------
                                              Book                          Book
                                              Value       % of Total        Value        % of Total
                                              -----       ----------        -----        ----------
                                                            (Dollars in Thousands)
<S>                                          <C>            <C>            <C>            <C>
Investment securities:

   FHLB stock .........................      $  529         100.00%        $  509         100.00%
                                             ======         ======         ======         ======


Other interest-earning assets:
   Interest bearing deposits with banks      $   94           2.65%        $  474          26.70%

   Federal funds sold .................       3,456          97.35          1,301          73.30
                                             ------         ------         ------         ------
   Total ..............................      $3,550         100.00%        $1,775         100.00%
                                             ======         ======         ======         ======


Securities Held to Maturity:
Mortgage-backed securities:
   FNMA ...............................      $    1           0.68%        $    1           0.57%
   FHLMC ..............................         145          99.32            173          99.43
                                             ------         ------         ------         ------
   Total mortgage-backed securities ...      $  146         100.00%        $  174         100.00%
                                             ------         ======         ------         ======
</TABLE>


         The following table sets forth the contractual maturities of the
Company's mortgage-backed securities at June 30, 2001.

                                   Due after        Due after      June 30, 2001
                                 5 through 10      10 through         Balance
                                     Years             20           Outstanding
                                                     Years
                                 ------------     ----------      -------------
                                                (In Thousands)

         Freddie Mac..........         1              $144             $145
         Fannie Mae...........         1                                  1
                                    ----              ----             ----


            Total ............      $  2              $144             $146
                                    ----              ====             ====


                                       11

<PAGE>


Sources of Funds

         General. The Company's primary sources of funds are deposits,
amortization and prepayment of loan principal, maturities of investment
securities, short-term investments and funds provided from operations as well as
FHLB advances and short-term borrowings.

         Deposits. The Company offers a variety of deposit accounts having a
wide range of interest rates and terms. The Company's deposits consist of
passbook and statement accounts, NOW accounts, Christmas Club and money market
and certificate accounts, including Individual Retirement Accounts. The Company
relies primarily on advertising, including newspaper and radio, pricing policies
and customer service to attract and retain these deposits. Neither premiums nor
brokered deposits are utilized.

         The flow of deposits is influenced significantly by general economic
conditions, changes in money market and prevailing interest rates and
competition. The Company's mix of transaction accounts and certificate accounts
is less favorable than its peers, resulting in a higher cost of funds for the
Company in relation to its peer group. At June 30, 2001, 24.4% of the Company's
deposits were in transaction accounts, versus 75.6% in certificates.

         The Company has become more susceptible to short-term fluctuations in
deposit flows, as customers have become more interest rate sensitive. The
Company manages the pricing of its deposits in keeping with its asset/liability
management, profitability and growth objectives. Based on its experience, the
Company believes that its passbook, demand and NOW accounts are relatively
stable sources of deposits. However, the ability of the Company to attract and
maintain certificate deposits, and the rates paid on these deposits, has been
and will continue to be significantly affected by market conditions.

         The following table sets forth the dollar amount of savings deposits in
the various types of deposit programs offered by the Company for the periods
indicated.

<TABLE>
<CAPTION>
                                                               June 30,
                                    ---------------------------------------------------------------
                                                2001                              2000
                                    ----------------------------     ------------------------------
                                        Average        Average          Average          Average
                                        Amount          Rate             Amount           Rate
                                       -------          ----            -------           ----
                                                         (Dollars in Thousands)
<S>                                    <C>               <C>             <C>               <C>
Transactions and Savings Deposits:
---------------------------------

Demand Deposits ...............        $ 5,217           2.32%           $ 5,597           3.02%
Money Market & NOW Accounts....          8,950           2.28             11,053           2.52
                                       -------           ----            -------           ----

    Total Non-Certificates.....         14,167           2.29             16,650           2.69
                                       -------           ----            -------           ----

Certificates:
-------------

Total Certificates ............         43,133           5.91             38,961           5.40
                                       -------           ----            -------           ====
Total Deposits ................        $57,300           5.02%           $55,611           4.59%
                                       =======           ====            =======           ====
</TABLE>

                                       12

<PAGE>


     At June 30, 2001, the Company had approximately $7.1 million in certificate
accounts in amounts of $100,000 or more maturing as follows:



                           Maturity Period                          Amount
         --------------------------------------------------    ---------------
                                                                  (Dollars in
                                                                  Thousands)

         Three months or less...........................          $    849
         Over three through six months..................             1,289
         Over six through 12 months.....................             1,408
         Over 12 months.................................             3,564
                                                                     -----
                Total...................................           $ 7,110
                                                                     =====

     Borrowings. The Company's other available sources of funds include advances
from the Federal Home Loan Bank ("FHLB") of Atlanta and other borrowings. As a
member of the FHLB of Atlanta, the Association is required to own capital stock
in the FHLB of Atlanta and is authorized to apply for advances from the FHLB of
Atlanta. Each FHLB credit program has its own interest rate, which may be fixed
or variable, and range of maturities. The FHLB of Atlanta may prescribe the
acceptable uses for these advances, as well as limitations on the size of the
advances and repayment provisions. The Association's total credit line at the
FHLB of Atlanta was approximately $14.0 million at June 30, 2001, of which the
Association had drawn down nothing through FHLB advances.

     The Company may also borrow funds from other financial institutions.

Competition

         The Company experiences strong competition both in originating real
estate loans and in attracting deposits. This competition arises from a highly
competitive market area with numerous commercial banks and savings institutions,
as well as credit unions and mortgage bankers and, with respect to deposits,
banking institutions and other financial intermediaries. The Association
competes for loans principally on the basis of the interest rates and loan fees
it charges, the types of loans it originates and the quality of services it
provides to borrowers.

         The Company attracts all of its deposits through the communities in
which its offices are located; therefore, competition for those deposits is
principally from other savings institutions,

                                       13

<PAGE>

commercial banks, securities firms, money market and mutual funds and credit
unions located in the same community. The ability of the Company to attract and
retain deposits depends on its ability to provide an investment opportunity that
satisfies the requirements of investors as to rate of return, liquidity, risk,
convenient locations and other factors. The Company competes for these deposits
by offering a variety of deposit accounts at competitive rates, convenient
business hours and a customer-oriented staff. At June 30, 2001, the Company had
in excess of 60 financial institutions competing with it in its market area. The
Company estimates its market share of savings deposits in its market area to be
approximately 11.4%.

Employees

         At June 30, 2001, the Company had a total of 16 full-time employees and
no part-time employees. None of the Company's employees are represented by any
collective bargaining group. Management considers its employee relations to be
good.


                                       14

<PAGE>

                                   REGULATION

General

     As a federal savings bank, Wyman Park is subject to regulation, supervision
and regular examination by the OTS. In addition, the FDIC has certain regulatory
and examination authority over OTS-regulated savings institutions and may
recommend enforcement actions against savings institutions to the OTS. The
supervision and regulation of Wyman Park is intended primarily for the
protection of the deposit insurance fund and depositors.

     As a savings and loan holding company, the Company is subject to OTS
regulation, examination, supervision and reporting requirements. The Company
also is required to file certain reports with, and otherwise comply with the
rules and regulations of, the SEC under the federal securities laws.

Regulation of Wyman Park

     Regulatory Capital. The OTS's capital adequacy regulations require savings
institutions such as Wyman Park to meet three minimum capital standards: a
"core" capital requirement of between 3% and 5% of adjusted total assets, a
"tangible" capital requirement of 1.5% of adjusted total assets, and a
"risk-based" capital requirement of 8% of total risk-based capital to total
risk-weighted assets. In addition, the OTS has adopted regulations imposing
certain restrictions on savings institutions that have a total risk-based
capital ratio of less than 8%, a ratio of Tier 1 capital to risk-weighted assets
of less than 4% or a ratio of Tier 1 capital to total assets of less than 4% (or
3% if the institution is rated composite 1 under the CAMELS examination rating
system). See "--Prompt Corrective Regulatory Action."

     The following table sets forth the Association's compliance with its
regulatory capital requirements as of June 30, 2001.

<TABLE>
<CAPTION>
                                     Association's                 Capital
                                     -------------                 -------
                                       Capital                   Requirements            Excess Capital
                                       -------                   ------------            --------------
                                   Amount    Percent           Amount    Percent       Amount       Percent
                                   ------    -------           ------    -------       ------       -------
<S>                              <C>           <C>           <C>           <C>      <C>               <C>
Tangible capital............     $8,058,000    11.4%         $1,060,000    1.5%     $ 6,998,000       9.9%
Core capital................      8,058,000    11.4           2,826,000    4.0        5,232,000       7.4
Total risk-based capital....      8,343,000    20.5           3,252,000    8.0        5,091,000      12.5
</TABLE>


     Prompt Corrective Regulatory Action. The Federal Deposit Insurance Act
("FDI Act") requires the federal banking regulators to take prompt corrective
action in respect of depository institutions that do not meet certain minimum
capital requirements, including a leverage limit and a risk-based capital
requirement. The federal bank regulators, including the OTS, have issued
regulations that classify insured depository institutions by capital levels and
provide that the applicable agency will take various prompt corrective actions
to resolve the problems of any

                                       15

<PAGE>

institution that fails to satisfy the capital standards. Under the joint prompt
corrective action regulations, a "well-capitalized" institution is one that is
not subject to any regulatory order or directive to meet any specific capital
level and that has or exceeds the following capital levels: a total risk-based
capital ratio of 10%, a Tier 1 risk-based capital ratio of 6%, and a ratio of
Tier 1 capital to total assets ("leverage ratio") of 5%. An "adequately
capitalized" institution is one that does not qualify as "well capitalized" but
meets or exceeds the following capital requirements: a total risk-based capital
of 8%, a Tier 1 risk-based capital ratio of 4%, and a leverage ratio of either
(i) 4% or (ii) 3% if the institution has the highest composite examination
rating. An institution not meeting these criteria is treated as
"undercapitalized," "significantly undercapitalized," or "critically
undercapitalized" depending on the extent to which its capital levels are below
these standards. An institution that falls within any of the three
"undercapitalized" categories will be subject to certain severe regulatory
sanctions required by the FDI Act and the implementing regulations. As of June
30, 2001, Wyman Park was "well-capitalized" as defined by the regulations.

     Qualified Thrift Lender Test. The Home Owners' Loan Act ("HOLA") and OTS
regulations require all savings institutions to satisfy one of two Qualified
Thrift Lender ("QTL") tests or to suffer a number of sanctions, including
restrictions on activities. A savings institution must maintain its status as a
QTL on a monthly basis in at least nine out of every 12 months. An initial
failure to qualify as a QTL results in a number of sanctions, including the
imposition of certain operating restrictions and a restriction on obtaining
additional advances from its Federal Home Loan Bank. If a savings institution
does not requalify under the QTL test within the three-year period after it
fails the QTL test, it would be required to terminate any activity not
permissible for a national bank and repay as promptly as possible any
outstanding advances from its Federal Home Loan Bank. In addition, the holding
company of such an institution would similarly be required to register as a bank
holding company with the Federal Reserve Board. At June 30, 2001, Wyman Park
qualified as a QTL.

     Limitations on Capital Distributions. OTS regulations impose limitations
upon capital distributions by savings institutions, such as cash dividends,
payments to repurchase or otherwise acquire its shares, payments to stockholders
of another institution in a cash-out merger and other distributions charged
against capital. Under the OTS capital distribution regulations, a savings
institution that qualifies for expedited treatment of applications by
maintaining specified supervisory examination ratings and that is not otherwise
restricted in making capital distributions may, without prior approval by the
OTS, make capital distributions during a calendar year equal to its net income
for such year plus its retained net income for the preceding two years. Capital
distributions in excess of such amount are subject to prior OTS approval. In
addition, even if a proposed capital distribution is less than the above limit,
a savings institution must give notice to the OTS at least 30 days before
declaration of a capital distribution to its holding company.

     Under the OTS's prompt corrective action regulations, Wyman Park would be
prohibited from paying dividends if Wyman Park were classified as
"undercapitalized" under such rules. See "--Prompt Corrective Regulatory
Action." Further, earnings of Wyman Park appropriated to bad debt reserves and
deducted for federal income tax purposes are not available for payment


                                       16

<PAGE>

of dividends or other distributions to Wyman Park without payment of taxes at
the then current tax rate by Wyman Park on the amount of earnings removed from
the reserves for such distributions.

     Transactions with Affiliates and Insiders. Generally, transactions between
a savings association or its subsidiaries and its affiliates are required to be
on terms as favorable to the association as transactions with non-affiliates. In
addition, certain of these transactions, such as loans to an affiliate, are
restricted to a percentage of the association's capital. Affiliates of Wyman
Park include the Company and any company that is under common control with the
Association. In addition, a savings association may not lend to any affiliate
engaged in activities not permissible for a bank holding company or acquire the
securities of most affiliates. The OTS has the discretion to treat subsidiaries
of savings associations as affiliates on a case by case basis.

     Certain transactions with directors, officers or controlling persons are
also subject to conflict of interest regulations enforced by the OTS. These
conflict of interest regulations and other statutes also impose restrictions on
loans to such persons and their related interests. Among other things, such
loans must generally be made on terms that are substantially the same as for
loans to unaffiliated individuals.

     Reserve Requirements. The Federal Reserve Board requires all depository
institutions to maintain noninterest bearing reserves at specified levels
against their transaction accounts (primarily checking, NOW and Super NOW
checking accounts). At June 30, 2001, Wyman Park was in compliance with these
reserve requirements.

     Federal Home Loan Bank System. The Federal Home Loan Bank System consists
of 12 district Federal Home Loan Banks subject to supervision and regulation by
the Federal Housing Finance Board ("FHFB"). The Federal Home Loan Banks provide
a central credit facility primarily for member institutions. As a member of the
FHLB, Wyman Park is required to acquire and hold shares of capital stock in the
FHLB in an amount at least equal to 1% of the aggregate unpaid principal of its
home mortgage loans, home purchase contracts, and similar obligations at the
beginning of each year, or 1/20 of its advances (borrowings) from the FHLB,
whichever is greater. Wyman Park was in compliance with this requirement, with
an investment in FHLB stock at June 30, 2001 of $528,900.

Regulation of the Company

     The Company is a unitary savings and loan holding company subject to
regulatory oversight by the OTS. As such, the Company is required to register
and file reports with the OTS and is subject to regulation and examination by
the OTS. In addition, the OTS has enforcement authority over the Company and its
non-savings association subsidiaries, which permits the OTS to restrict or
prohibit activities that are determined to be a serious risk to the subsidiary
savings association.

     As a unitary savings and loan holding company, the Company generally is not
subject to activity restrictions. If the Company were to acquire control of
another savings association as a

                                       17

<PAGE>

separate subsidiary, it would become a multiple savings and loan holding
company, and the activities of the Company and any of its subsidiaries (other
than Wyman Park or any other SAIF-insured savings association) would become
subject to such restrictions unless such other associations each qualify as a
QTL and were acquired in a supervisory acquisition.

         If Wyman Park fails the QTL test, the Company must obtain the approval
of the OTS prior to continuing after such failure, directly or through its other
subsidiaries, any business activity other than those approved for multiple
savings and loan holding companies or their subsidiaries. In addition, within
one year of such failure the Company would be required to register as, and would
become subject to, the restrictions applicable to bank holding companies. The
activities authorized for a bank holding company are more limited than are the
activities authorized for a unitary or multiple savings and loan holding
company. See "--Qualified Thrift Lender Test."

         The Company must obtain approval from the OTS before acquiring control
of any other SAIF-insured association. Such acquisitions are generally
prohibited if they result in a multiple savings and loan holding company
controlling savings associations in more than one state. However, such
interstate acquisitions are permitted based on specific state authorization or
in a supervisory acquisition of a failing savings institution.



                                       18

<PAGE>



Item 2. Description of Properties

     The following table sets forth information concerning the main office and a
branch office of the Company at June 30, 2001.


                                                  Owned            Net Book
                                    Year            Or             Value at
             Location              Opened        Leased(1)       June 30, 2001
   ----------------------------  ----------  ---------------    ---------------

Main Office:

11 Ridgely Road                    1977      Land Leased;(2)      $49,189
Lutherville, MD  21093                       Building Owned

Branch Office:

7963 Baltimore/Annapolis Blvd.     1981        Leased;(3)             N/A
Glen Burnie, MD  21060

---------------------
(1)      See Note 6 to Notes to Consolidated Financial Statements.
(2)      There are five, five-year options which expire in May 2027.
(3)      Lease expires in November 2001.

Item 3. Legal Proceedings

     From time to time, the Company and its subsidiaries are parties to various
legal proceedings incident to its business. At June 30, 2001, there were no
legal proceedings which management anticipates would have a material adverse
effect on the Company.

Item 4. Submission of Matters to a Vote of Security Holders

     No matters were submitted to a vote of security holders during the quarter
ended June 30, 2001.


                                       19

<PAGE>

                                     PART II

Item 5. Market for Registrant's Common Equity and
        Related Stockholder Matters

     The information contained under the section captioned "Stock Listing and
Price Range of Common Stock" in the Company's 2001 Annual Report to Shareholders
(the "Annual Report") filed as Exhibit 13 hereto is incorporated herein by
reference.


Item 6. Management's Discussion and Analysis or Plan of Operation

     The information contained in the table captioned "Management's Discussion
and Analysis or Plan of Operation" in the Company's Annual Report is
incorporated herein by reference.

Item 7. Financial Statements

     The following information appearing in the Company's Annual Report to
Stockholders for the year ended June 30, 2001, is incorporated by reference in
this Annual Report on Form 10-KSB and attached hereto as Exhibit 13.


     Report of Independent Auditors
     Consolidated Statements of Financial Condition as of June 30, 2001 and 2000
     Consolidated Statements of Operations for the Years Ended June 30, 2001 and
        2000
     Consolidated Statements of Stockholders' Equity for Years Ended
        June 30, 2001 and 2000
     Consolidated Statements of Cash Flows for Years Ended June 30, 2001 and
        2000
     Notes to Consolidated Financial Statements


Item 8. Changes in and Disagreements with Accountants
        on Accounting and Financial Disclosure

        Not applicable

                                       20


<PAGE>

                                    PART III

Item 9. Directors, Executive Officers, Promoters and Control Persons;
        Compliance with Section 16(a) of the Exchange Act

Directors

         For information concerning the Board of Directors of the Company, the
information contained under the section captioned "Proposal I - Election of
Directors" in the Company's definitive proxy statement for the Company's 2001
Annual Meeting of Shareholders (the "Proxy Statement") is incorporated herein by
reference.

Executive Officers

         For information concerning the executive officers, who are not
Directors of the Company, the information contained under the section captioned
"Proposal I - Election of Directors - Executive Officers Who Are Not Directors"
in the Proxy Statement is incorporated herein by reference.

Compliance with Section 16(a)

         Information regarding delinquent Form 3, 4 or 5 filers is incorporated
herein by reference to the section entitled "Section 16(a) Beneficial Ownership
Reporting Compliance" in the Proxy Statement.

Item 10.          Executive Compensation

         The information contained under the section captioned "Proposal I -
Election of Directors -- Executive Compensation" in the Proxy Statement is
incorporated herein by reference.

Item 11. Security Ownership of Certain Beneficial Owners and Management

                  (a)      Security Ownership of Certain Beneficial Owners

                           Information required by this item is incorporated
                           herein by reference to the section captioned "Voting
                           Securities and Principal Holders of Securities" in
                           the Proxy Statement.

                  (b)      Security Ownership of Management

                           Information required by this item is incorporated
                           herein by reference to the sections captioned "Voting
                           Securities and Principal Holders of Securities" and
                           "Proposal I - Election of Directors" in the Proxy
                           Statement.

                  (c)      Changes in Control


                                       21


<PAGE>

                           Management of the Company knows of no arrangements,
                           including any pledge by any person of securities of
                           the Company, the operation of which may at a
                           subsequent date result in a change in control of the
                           registrant.

Item 12. Certain Relationships and Related Transactions

     The information required by this item is incorporated herein by reference
to the section captioned "Proposal I - Election of Directors" in the Proxy
Statement.

Item 13. Exhibits and Reports on Form 8-K

                  (a)      Exhibits

<TABLE>
<CAPTION>
                                                                          Reference to
                                                                         Prior Filing or
     Exhibit                                                             Exhibit Number
     Number                   Document                                   Attached Hereto
     ------                   --------                                   ---------------

<S>   <C>          <C>                                                         <C>
      3(i)         Certificate of Incorporation                                (a)
      3(ii)        Bylaws                                                      (a)
        4          Instruments defining the rights of security holders,        (a)
                   including debentures
       10          Material Contracts
                   (a)  Employment Contract between                            (a)
                        Ernest A. Moretti and the Association
                   (b)  Executive Supplemental Retirement Plan                 (b)
                   (c)  1999 Stock Option and Incentive Plan                   (c)
                   (d)  Recognition and Retention Plan                         (c)
       13          Annual Report to Stockholders                               13
       21          Subsidiaries of Registrant                                  21
       23          Consents of Experts                                         23
</TABLE>

   ----------
(a)      Filed as exhibits to the Company's Form SB-2 Registration
         Statement as initially filed on September 22, 1997 and subsequently
         amended (File No. 333-36119) of the Securities Act of 1933. All of such
         previously filed documents are hereby incorporated herein by reference
         in accordance with Item 601 of Regulation S-B.
(b)      Filed as exhibit 10(b) to the Company's Annual Report on Form
         10-KSB for the fiscal year ended June 30, 1998 and is hereby
         incorporated herein by reference in accordance with Item 601 of
         Regulation S-B.
(c)      Incorporated by reference to the Company's Annual Report on Form
         10-KSB for the fiscal year ended June 30, 2001.

         (b)  Reports on Form 8-K

     There were no reports on Form 8-K filed during the last quarter of the year
ended June 30, 2001.

                                       22

<PAGE>


                                   SIGNATURES

     In accordance with Section 13 of 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: September 26, 2001            By:  /s/ Ernest A. Moretti
      ------------------                 --------------------------------------
                                         Ernest A. Moretti
                                        (President and Chief Executive Officer)


     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               /s/ Ronald W. Robinson
    ----------------------------        ---------------------------------------
    Ernest A. Moretti                     Ronald W. Robinson,
   (Principal Executive Officer)         (Principal Financial and Accounting
                                          Officer)

Date: September 26, 2001               Date: September 26, 2001
      ------------------                     ------------------


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

Date: September 26, 2001               Date: September 26, 2001
      ------------------                     ------------------


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

Date: September 26, 2001               Date: September 26, 2001
      ------------------                     ------------------


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

Date: September 26, 2001               Date: September 26, 2001
      ------------------                     ------------------


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

Date: September 26, 2001               Date: September 26, 2001
      ------------------                     ------------------

                                       23