Parkville-based BCSB parent predicts loss

Daily Record, The (Baltimore), Sep 26, 2007

> BCSB Bankcorp Inc., of Parkville, the parent company of Baltimore County Savings Bank, said it expects to incur a net loss after taxes of between $300,000 and $350,000 for the quarter ending Sept. 30, "based on an anticipated reduction in net interest income compared to the three months ended June 30, 2007, as well as certain expenses we expect to incur in the three months ending September 30, 2007." Those expenses include paying employees for unused sick leave and vacation time; an agreement to pay the equivalent of a year's salary and benefits to its retired executive vice president and chief lending officer; and consulting and legal fees.