Exhibit 10.18

GROUND LEASE

BETWEEN

HICKORY CROSSING, LLC
as Landlord

and

CARROLLTON BANK
as Tenant

Date: November 4, 2003

Property:

Hickory Crossing
Harford County, Maryland

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Table of Contents

|    |  |                                                    |  | Page
|--- |  | -------------------------------------------------- |  | ----
|1.  |  | Definitions                                        |  | 1   
|2.  |  | Preconditions to Tenant's Lease Obligations        |  | 3   
|3.  |  | Lease Term                                         |  | 5   
|4.  |  | Landlord's Construction and Other Site Obligations |  | 5   
|5.  |  | Tenant's Construction Obligations                  |  | 6   
|6.  |  | Use of Property                                    |  | 7   
|7.  |  | Limitation on Multiple Banking Uses                |  | 7   
|8.  |  | Rent                                               |  | 8   
|9.  |  | Common Elements Operating Costs                    |  | 8   
|10. |  | Taxes and Assessments                              |  | 9   
|11. |  | Utilities                                          |  | 10  
|12. |  | Maintenance                                        |  | 10  
|13. |  | Alterations                                        |  | 10  
|14. |  | Trade Fixtures                                     |  | 11  
|15. |  | Signs                                              |  | 11  
|16. |  | Landlord's Access                                  |  | 11  
|17. |  | Rules and Regulations                              |  | 11  
|18. |  | Indemnification                                    |  | 12  
|19. |  | Insurance and Casualty                             |  | 13  
|20. |  | Eminent Domain                                     |  | 14  
|21. |  | Assignment and Subletting                          |  | 15  
|22. |  | Mechanics' Liens and Other Liens                   |  | 17  
|23. |  | Quiet Enjoyment                                    |  | 17  
|24. |  | Landlord's Right to Mortgage; Attornment           |  | 18  
|25. |  | Estoppel Certificates                              |  | 18  
|26. |  | Acts of Other Tenants                              |  | 18  
|27. |  | Environmental Matters                              |  | 18  
|28. |  | Defaults and Remedies                              |  | 19  
|29. |  | Bankruptcy or Insolvency                           |  | 21  
|30. |  | Miscellaneous Provisions                           |  | 21  

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GROUND LEASE

THIS LEASE (the "Lease"), dated November 4, 2003, is made and entered into by and between HICKORY CROSSING, LLC, a
Maryland limited liability company (the "Landlord") having an office at 14 Back River. Neck Road, Baltimore, Maryland 21221, and CARROLLTON BANK, a
Maryland state chartered commercial bank (the "Tenant") having an office at 344 North Charles Street, Suite 300, Baltimore, Maryland
21201-4301

INTRODUCTORY STATEMENT

Landlord is the owner of certain unimproved real property containing approximately 4.554 +/- acres, located in Hickory, Harford County,
Maryland, which is identified as Lots 3, 5, 6 and 7, and outlined in green (the "Commercial Center") on the Revised Final Plat, Division of Lot
3-Formerly the Land of A-Blair Syndicate, dated March 7, 2003, (the "Plat") as prepared by Frederick Ward & Associates ("Landlord's
Engineer"), which Plat is attached hereto asExhibit Aand incorporated herein by reference. Also attached hereto as Exhibit A-1is the Conceptual Development Plan for the Property (the "Conceptual Development
Plan"), prepared by Landlord's Engineer.

Landlord
desires to lease to Tenant and Tenant desires to rent from Landlord a portion of the Commercial Center identified as Lot 3 on the Plat, containing approximately
38,515 +/- square feet of land area and approximately .82 +/- acres as outlined in red on the Plat (the
"Property") subject to and in accordance with the terms and conditions hereinafter set forth.

NOW,
THEREFORE, for good and valuable consideration, Landlord leases to Tenant and Tenant rents from Landlord the Property; together with the right to use the Common Elements (as
hereinafter defined) in common with others during the Term (as hereinafter defined) of this Lease, and any renewal or extension thereof. This Lease is made upon the following terms and conditions:

1.Definitions.As used in this Lease, the following terms are defined as follows:



|Applicable Portion of Term          |  |                         |            |  
|----------------------------------- |  | ----------------------- | ---------- | -
|
|Rent Commencement Date ("RCD")      |  | 5th anniversary of RCD  |            | $
|5th anniversary of RCD              |  | 10th anniversary of RCD |            | $
|10th anniversary of RCD             |  | 15th anniversary of RCD |            | $
|15th anniversary of RCD             |  | 20th anniversary of RCD |            | $
|First Extension Term, if exercised  |  | $                       | 139,089.50 |  
|Second Extension Term, if exercised |  | $                       | 152,998.45 |  
|Third Extension Term, if exercised  |  | $                       | 168,298.30 |  
|Fourth Extension Term, if exercised |  | $                       | 185,128.13 |  



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2.Preconditions to Tenant's Lease Obligations.



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3.Lease Term.



Tenant's
rights under this Section 3.2 shall terminate if (i) this Lease or Tenant's right to possession of the Property is terminated, or (ii) Tenant fails to timely exercise its
option under this Section 3.2, time being of the essence with respect to Tenant's exercise thereof.



4.Landlord's Construction and Other Site Obligations.



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5.Tenant's Construction Obligations.



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6.Use of Property.



7.Limitation on Multiple Banking Uses.



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8.Rent.



9.Common Elements Operating Costs.



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10.Taxes and Assessments.



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11.Utilities.



12.Maintenance.At Tenant's sole cost, Tenant shall keep and maintain the entire
Property in good condition and repair. All garbage and trash shall be stored in trash enclosures on the Property until removed. Tenant shall, at its expense, regularly remove Tenant's garbage and
trash. Notwithstanding anything contained in this Lease to the contrary, if Tenant refuses or neglects to repair all or any portion of the Property and Tenant Improvements as required hereunder and to
the reasonable satisfaction of Landlord within thirty (30) days following Landlord's written notice, Landlord may make such repairs without liability to Landlord for any loss or damage that may
accrue to Tenant's merchandise, fixtures or other property, or to Tenant's business by reason thereof, and upon completion thereof, Tenant shall pay Landlord's reasonable costs for making such repairs
plus twenty percent (20%) for overhead upon presentation of a bill therefore, as Additional Rent. Landlord shall not be required to make any repairs or improvements of any kind to any portion of the
Property.

13.Alterations.After the Tenant Improvements have been completed in accordance with
the Plans, Tenant shall not thereafter make any alterations, additions, or improvements affecting structural or support elements of or in the Building or affecting any utility systems serving the
Property or other parts of the Property without Landlord's prior written approval, which approval shall not be unreasonably withheld or delayed. Any alterations, additions, or improvements by Tenant
that are permitted hereunder or thereafter approved by Landlord shall be installed at Tenant's sole cost and will be performed in compliance with all applicable laws, rules and regulations and the
Declaration and, except as otherwise expressly set forth herein, at the end of the Term or sooner expiration of this Lease, become the property of Landlord and remain upon the Property.

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14.Trade Fixtures.All furniture, counters, business machinery, banking equipment
(regardless of the manner of installation), vaults, if any, and interior removable partitions placed upon the Property during the Term, shall be considered as chattels (for subsequent removal
purposes) and shall not become part or parcel of the real property, thereby permitting the same to be removable by the Tenant at the termination of this Lease. Any damage caused by any such removals
shall be repaired by Tenant. Upon any termination or expiration of this Lease, all Tenant Improvements attached to the Property other than the above (which shall be the property of the Tenant) shall
become the property of Landlord.

15.Signs.Subject to the Declaration and all applicable governmental approvals, Tenant
shall be entitled to install and maintain on the Property, at its cost and expense, permanent professionally prepared signs containing Tenant's trade name or logo so long as such signs are attached to
the building now or hereafter constructed on the Property. The foregoing notwithstanding, Tenant's sign plans for the Property are attached hereto as Exhibit D. Tenant may, if permissible under
applicable governmental sign regulations, install directional signs on the Property and a corporate-standard environmental surround for each of Tenant's automatic teller machines
("ATM"). Tenant shall further have the right to Tenant's proportionate share of the signage area of the Common Elements pylon sign within the Commercial
Center, subject to any governmental requirements and approvals for purposes of the pylon sign area. Tenant's proportionate share shall be a fraction, the numerator of which is the square footage of
the Property and the denominator of which is the square footage of the Commercial Center. Each tenant within the Commercial Center, including Tenant, shall maintain its own sign box on such pylon
sign, and Landlord shall maintain the remainder of the pylon sign as part of the Common Elements.

16.Landlord's Access.Landlord and its duly authorized representatives may enter the
Property upon reasonable advance notice to Tenant (unless an emergency exists) and subject to Tenant's security requirements, to inspect the Property, to rectify defaults of Tenant pursuant to the
rights granted to Landlord under Section 28 (but only after Tenant has failed to commence and diligently pursue a cure of the default within any applicable cure period granted elsewhere in this
Lease), and to repair any Common Elements serving other parts of the Property;provided, however, thatany such entry by Landlord and its
representatives shall be done in such a manner so as to not unreasonably interfere with the conduct of Tenant's business operations on the Property or compromise security of the Property. During the
six (6) months prior to the expiration of the Term, Landlord may exhibit the Property and Tenant Improvements to prospective tenants or purchasers, and place upon the same the usual notices "To
Let" or "For Sale" which notices Tenant shall permit to remain thereon without molestation. Landlord shall promptly restore any disturbance to the Property caused by any work performed by Landlord on
the Property. Landlord may bring upon the Property all things reasonably necessary to perform any work done in the Property pursuant to this Section 16. Nothing herein contained shall be deemed
or construed to impose upon Landlord any obligation or responsibility whatsoever for the care, maintenance or repair of the Property, except as otherwise specifically provided in this Lease.

17.Rules and Regulations.Tenant further warrants, represents, covenants, and agrees
to:



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18.Indemnification.



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19.Insurance and Casualty.



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20.Eminent Domain.



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21.Assignment and Subletting.



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22.Mechanics' Liens and Other Liens.



23.Quiet Enjoyment.So long as no default exists beyond any applicable cure period,
Tenant shall have the peaceful and quiet use of the Property, subject to the terms, covenants and conditions of this Lease, without interference with possession by Landlord or any one claiming by,
through or under Landlord.

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24.Subordination; Landlord's Right to Mortgage; Attornment.



25.Estoppel Certificates.When requested in writing by either party to this Lease (the "Requesting Party"),the other party (the"Responding Party")shall acknowledge in writing to the
Requesting Party, a mortgagee or prospective mortgagee, a purchaser or prospective purchaser, of the Requesting Party's estate, that this Lease is unmodified, in full force and effect, free of
defaults of the Requesting Party and free of defenses against enforceability (or setting forth any modifications, defaults, disclaimers of the Lease or defenses against enforceability); that the
Responding Party has no outstanding claims against the Requesting Party (or setting forth the nature and amount of claims, if any); stating the date to which rent has been paid and the amount of any
advance rental paid; stating the Rent Commencement Date and expiration date of this Lease; and the status of any other obligation of the Requesting Party under or with respect to this Lease; it being
intended that any such statement may be relied upon by the Requesting Party, any mortgagee or prospective mortgagee, or any purchaser or prospective purchaser, of the Requesting Party's estate.

26.Acts of Other Tenants.Landlord shall not be liable for damage to all or any portion
of the Property including, without limitation, the Tenant Improvements, due to the negligent or intentional acts or omissions of any other tenant, subtenant or owner within the Commercial Center or to
any condition existing on or emanating from the Commercial Center of any other tenant or owner that is caused by such tenant or owner or their respective agents or contractors, nor shall Tenant be
entitled to an abatement of rent to claim an actual or constructive eviction, whole or partial, permanent or temporary, by reason of any such condition on or emanating from such other tenant's or
owner's property.

27.Environmental Matters.



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28.Defaults and Remedies.



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29.Bankruptcy or Insolvency.If any transfer of Tenant's interest in the Property
created by this Lease shall be made under execution or similar legal process, or if a petition is filed by or against Tenant to adjudicate Tenant a bankrupt or insolvent under any federal or state
law, or if a receiver or trustee shall be appointed for Tenant's business or property and such appointment is not vacated within thirty (30) days, or if a petition is filed by or against Tenant
under any provision of federal or state law for a corporate reorganization of Tenant of an arrangement with its creditors, of if Tenant makes an assignment for the benefit of its creditors, or if in
any other manner Tenant's interest under this Lease
passes to another by operation of law, then, in any of said events, Tenant shall be deemed to have committed a material breach of this Lease, and Landlord may, at its option, terminate this Lease and
re-enter the Property; but notwithstanding such termination, Tenant shall remain liable for all rent and damages, suffered or incurred by Landlord.

30.Miscellaneous Provisions.



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Signatures on Next Page

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IN
WITNESS WHEREOF, the parties hereto have executed this Lease under their respective hands and seals as of the day and year first above written.

|ATTEST:         |  | LANDLORD:                                                   |  |                     
|--------------- |  | ----------------------------------------------------------- |  | --------------------
|                |  |                                                             |  |                     
|                |  | HICKORY CROSSING, LLC,
a Maryland limited liability company |  |                     
|                |  |                                                             |  |                     
|                |  |                                                             |  |                     
|/s/SUSAN BERNDT |  | By:                                                         |  | /s/KIRK A. SALVO    
|                |  |                                                             |  |                     
|                |  |                                                             |  | Name:  Kirk A. Salvo
|                |  |                                                             |  | Title:    Manager   
|                |  |                                                             |  |                     
|                |  |                                                             |  |                     
|                |  | TENANT:                                                     |  |                     
|                |  |                                                             |  |                     
|                |  | CARROLLTON BANK, a Maryland state
chartered commercial bank |  |                     
|                |  |                                                             |  |                     
|                |  |                                                             |  |                     
|[ILLEGIBLE]     |  | By:                                                         |  | ROBERT A. ALTIERI   
|                |  |                                                             |  | President & CEO     

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|STATE OF MARYLAND        |  | ) |  |    
|------------------------ |  | - |  | ---
|                         |  | ) |  | SS:
|CITY/COUNTY OF Baltimore |  | ) |  |    

I
HEREBY CERTIFY that on this 4th day of November, 2003, before me, the undersigned officer, personally appeared Kirk A. Salvo, who acknowledged himself to be the Manager of Hickory
Crossing, LLC, a limited liability company, and that he, in such capacity, being authorized to do so, executed the foregoing instrument for the purposes therein contained, by signing the name of the
partnership, as Manager.

IN
WITNESS WHEREOF I hereunto set my hand and Notarial Seal.

|                       |  | /s/SUSAN BERNDTNotary Public
|---------------------- |  | ----------------------------
|My Commission expires: |  |                             
|1-10-06                |  |                             

|STATE OF MARYLAND        |  | ) |  |    
|------------------------ |  | - |  | ---
|                         |  | ) |  | SS:
|CITY/COUNTY OF Baltimore |  | ) |  |    

I
HEREBY CERTIFY that on this 28th day of October,2003, before me, the undersigned officer, personally appeared Robert A. Altier, who
acknowledged himself to be the President of Carrollton Bank, a Maryland state chartered commercial bank, and that he, in such capacity, being authorized to do so, executed the foregoing instrument for
the purposes therein contained, by signing the name of the bank, as Senior Vice President.

IN
WITNESS WHEREOF I hereunto set my hand and Notarial Seal.

|                       |  | ILLEGIBLENotary Public
|---------------------- |  | ----------------------
|My Commission expires: |  |                       
|July 1, 2006.          |  |                       

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LIST OF EXHIBITS

|Exhibit A   |  | PLAT
(With Commercial Center Outlined in Green and Property outlined in Red)
|----------- |  | ----------------------------------------------------------------------------
|Exhibit A-1 |  | CONCEPTUAL DEVELOPMENT PLAN                                                 
|Exhibit A-2 |  | FINAL DEVELOPMENT PLAN                                                      
|Exhibit B   |  | LANDLORD'S LAND SITE IMPROVEMENTS                                           
|Exhibit C   |  | FORM OF DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS               
|Exhibit D   |  | TENANT'S SIGN PLANS                                                         
|Exhibit E   |  | FORM OF SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT             

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EXHIBIT A        PLAT

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EXHIBIT BLANDLORD'S LAND SITE IMPROVEMENTS

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