SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549
                                   ----------


                                   FORM 10-QSB


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

         For the quarterly period ended September 30, 1997


                                       OR


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

         For the transition period from __________ to __________


                         Commission File Number 0-23345



                         WYMAN PARK BANCORPORATION, INC.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


         Delaware                                           52-2068893
----------------------------                             ----------------
(State or other jurisdiction                             (I.R.S. Employer
    of incorporation or                                    Identification
       organization)                                            Number)


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


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


     Indicate  by check mark  whether the  registrant  (1) has filed all reports
required to be filed by Section 13 or 15 (d) of the  Securities  Exchange Act of
1934  during  the  preceding  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 [ ] No [X]

     As of September 30, 1997, there were no shares of the  Registrant's  common
stock issued and outstanding.


<PAGE>



                         WYMAN PARK BANCORPORATION, INC.


                                      INDEX


                                                                      Page
                                                                     Number
                                                                     ------

PART I.           FINANCIAL INFORMATION

                  Item 1.                                              1
                  Item 2.                                              1


PART II.          OTHER INFORMATION                                    2

                  SIGNATURES                                           3

                                        i

<PAGE>



                          PART I. FINANCIAL INFORMATION


     Wyman Park  Bancorporation,  Inc. (the "Holding  Company") was incorporated
under the laws of the State of Delaware  for the purpose of becoming the savings
and loan holding company of Wyman Park Federal Savings and Loan Association (the
"Association") in connection with the Association's  conversion from a federally
chartered  mutual  savings  association to a federally  chartered  stock savings
association,  pursuant to its Plan of  Conversion.  The Plan of  Conversion  was
submitted  and  approved  by a vote of the  Association's  members  at a special
meeting  held on December 17,  1997.  The  consummation  of the  conversion  was
subject to, among other things, the sale of the minimum number of shares offered
and  compliance  with the  conversion  approval  letter of the  Office of Thrift
Supervision.  The Holding Company commenced on November 21, 1997, a Subscription
and Community  Offering of its shares in connection  with the  conversion of the
Association (the "Offering").  It is anticipated that the Offering will close in
late December.

     At September 30, 1997, the Holding Company had no material  liabilities and
had not conducted any material operations.

                                        1

<PAGE>



                           PART II. OTHER INFORMATION


Item 1.           Legal Proceedings
                  -----------------
                  None.


Item 2.           Changes in Securities and Use of Proceeds
                  -----------------------------------------
                  None.


Item 3.           Defaults Upon Senior Securities
                  -------------------------------
                  None.


Item 4.           Submission of Matters to a Vote of Security Holders
                  ---------------------------------------------------
                  None.


Item 5.           Other Information
                  -----------------
                  None.


Item 6.           Exhibits and Reports on Form 8-K
                  --------------------------------
                  None.

                                        2

<PAGE>


                                   SIGNATURES


     Pursuant to the  requirement  of the  Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

                                          WYMAN PARK BANCORPORATION, INC.
                                          Registrant




Date: December 19, 1997                   /s/ Ernest A. Moretti
      -----------------                   ---------------------
                                          Ernest A. Moretti
                                          President and Chief Executive
                                          Officer (Duly Authorized Officer)





Date: December 19, 1997                   /s/ Ronald W. Robinson
      -----------------                   ----------------------
                                          Ronald W. Robinson, Chief Financial
                                          Officer (Principal Financial Officer)


                                        3