<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, DC 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B><BR>
<B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURSUANT TO SECTION 13 OR 15(d) OF</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported):&nbsp;October
24, 2012</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B><U>Patapsco
Bancorp, Inc</U></B></FONT><B><U>.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact Name of Registrant as Specified in
its Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; font-weight: bold; text-decoration: underline; text-align: center">Maryland</TD>
    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; font-weight: bold; text-decoration: underline; text-align: center">0-28032</TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; font-weight: bold; text-decoration: underline; text-align: center">52-1951797</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(State or other jurisdiction</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">of incorporation)</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Commission</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">File Number)</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(IRS Employer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Identification No.)</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>1301 Merritt Boulevard, Dundalk, Maryland
21222</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of Principal Executive Offices)
(Zip Code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Registrant&rsquo;s
telephone number, including area code:&nbsp;<B><U>(410) 285-1010</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Not applicable</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former Name or Former Address, if Changed
Since Last Report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>&#9;Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 260.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>&#9;Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>&#9;Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>&#9;Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-&#9;4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt">&nbsp;</DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><B>Item 1.01</B></TD><TD STYLE="text-align: justify"><B><U>Entry into a Material Definitive Agreement</U></B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On October 18, 2012,<FONT STYLE="color: black">
</FONT>the Company and its wholly owned subsidiary, The <FONT STYLE="color: black">Patapsco Bank (the &ldquo;Bank&rdquo;)</FONT>,
each entered into a Written Agreement (the &ldquo;Agreement&rdquo;) with the Federal Reserve Bank of Richmond (the &ldquo;FRB&rdquo;)
and the Maryland Commissioner of Financial Regulation (the &ldquo;Commissioner&rdquo;). The description of the Agreement set forth
below is qualified in its entirety by reference to such Agreement, a copy of which is attached hereto as Exhibit 10.1 and is incorporated
herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Agreement
provides as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Within
                                                                                                               60 days of the
                                                                                                               Agreement, the
                                                                                                               Board of Directors
                                                                                                               of the Bank must
                                                                                                               submit an acceptable
                                                                                                               written plan to
                                                                                                               strengthen Board
                                                                                                               oversight of the
                                                                                                               management and
                                                                                                               operations of the
                                                                                                               Bank;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Within
                                                                                                               60 days of the
                                                                                                               Agreement, the
                                                                                                               Bank must submit
                                                                                                               an acceptable written
                                                                                                               plan to strengthen
                                                                                                               credit risk management
                                                                                                               practices, including
                                                                                                               strategies to limit
                                                                                                               and reduce concentrations
                                                                                                               in commercial real
                                                                                                               estate credit and
                                                                                                               strategies to minimize
                                                                                                               credit losses and
                                                                                                               reduce the level
                                                                                                               of problem assets;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The
                                                                                                               Bank may not extend,
                                                                                                               renew, or restructure
                                                                                                               any credit to or
                                                                                                               for the benefit
                                                                                                               of any borrower
                                                                                                               whose loans have
                                                                                                               been criticized
                                                                                                               by the FRB and
                                                                                                               the Commissioner
                                                                                                               without the prior
                                                                                                               approval of a majority
                                                                                                               of the full Board
                                                                                                               of Directors or
                                                                                                               a designated committee
                                                                                                               thereof;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Within
                                                                                                               60 days of the
                                                                                                               Agreement the Bank
                                                                                                               must submit an
                                                                                                               acceptable written
                                                                                                               plan designed to
                                                                                                               improve the Bank&rsquo;s
                                                                                                               position through
                                                                                                               repayment, amortization,
                                                                                                               liquidation, additional
                                                                                                               collateral, or
                                                                                                               other means on
                                                                                                               each loan, relationship
                                                                                                               or other asset
                                                                                                               in excess of $600,000,
                                                                                                               including other
                                                                                                               real estate owned,
                                                                                                               that is past due
                                                                                                               as to principal
                                                                                                               or interest more
                                                                                                               than 90 days as
                                                                                                               of the date of
                                                                                                               the Agreement,
                                                                                                               is on the Bank&rsquo;s
                                                                                                               problem loan list
                                                                                                               or was adversely
                                                                                                               classified by the
                                                                                                               FRB and the Commissioner,
                                                                                                               and submit such
                                                                                                               a plan with respect
                                                                                                               to each additional
                                                                                                               asset that subsequently
                                                                                                               meets such description
                                                                                                               within 30 days
                                                                                                               of such loan, relationship
                                                                                                               or other asset
                                                                                                               becoming past due
                                                                                                               as to principal
                                                                                                               or interest more
                                                                                                               than 90 days, being
                                                                                                               on the Bank&rsquo;s
                                                                                                               problem loan list
                                                                                                               or being adversely
                                                                                                               classified by the
                                                                                                               FRB and the Commissioner;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Within
                                                                                                               10 days of the
                                                                                                               Agreement, the
                                                                                                               Bank must eliminate
                                                                                                               from its books,
                                                                                                               by charge-off or
                                                                                                               collection, all
                                                                                                               assets or portions
                                                                                                               of assets classified
                                                                                                               &ldquo;loss&rdquo;
                                                                                                               in the report of
                                                                                                               examination that
                                                                                                               have not been previously
                                                                                                               collected in full
                                                                                                               or charged off;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The
                                                                                                               Bank must maintain
                                                                                                               a sound process
                                                                                                               for determining,
                                                                                                               documenting, and
                                                                                                               recording an adequate
                                                                                                               allowance for loan
                                                                                                               and lease losses
                                                                                                               (&ldquo;ALLL&rdquo;)
                                                                                                               in accordance with
                                                                                                               regulatory guidance
                                                                                                               and within 60 days
                                                                                                               of the Agreement
                                                                                                               submit an acceptable
                                                                                                               written program
                                                                                                               for the maintenance
                                                                                                               of an adequate
                                                                                                               ALLL;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt">&nbsp;</DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Within
                                                                                                               60 days of the
                                                                                                               Agreement the Company
                                                                                                               and the Bank must
                                                                                                               submit to the FRB
                                                                                                               and the Commissioner
                                                                                                               an acceptable joint
                                                                                                               written plan to
                                                                                                               maintain sufficient
                                                                                                               capital at the
                                                                                                               Bank;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Within
                                                                                                               90 days of the
                                                                                                               Agreement, the
                                                                                                               Bank must submit
                                                                                                               to the FRB and
                                                                                                               the Commissioner
                                                                                                               a strategic plan
                                                                                                               to improve the
                                                                                                               Bank&rsquo;s earnings
                                                                                                               and a budget for
                                                                                                               2013, and the Bank
                                                                                                               must submit a strategic
                                                                                                               plan and budget
                                                                                                               for each calendar
                                                                                                               year subsequent
                                                                                                               to 2013 at least
                                                                                                               30 days prior to
                                                                                                               the beginning of
                                                                                                               that calendar year;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The
                                                                                                               Company and the
                                                                                                               Bank may not declare
                                                                                                               or pay an dividends
                                                                                                               without the prior
                                                                                                               written approval
                                                                                                               of the FRB and
                                                                                                               the Director of
                                                                                                               the Division of
                                                                                                               Banking Supervision
                                                                                                               and Regulation
                                                                                                               of the Board of
                                                                                                               Governors (the
                                                                                                               &ldquo;Director&rdquo;)
                                                                                                               and, as to the
                                                                                                               Bank, the Commissioner;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The
                                                                                                               Company may not
                                                                                                               take any other
                                                                                                               form of payment
                                                                                                               representing a
                                                                                                               reduction in capital
                                                                                                               from the Bank without
                                                                                                               the prior written
                                                                                                               approval of the
                                                                                                               FRB and the Commissioner;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The
                                                                                                               Company and its
                                                                                                               nonbank subsidiaries
                                                                                                               may not make any
                                                                                                               distributions of
                                                                                                               interest, principal,
                                                                                                               or other sums on
                                                                                                               subordinated debentures
                                                                                                               or trust preferred
                                                                                                               securities without
                                                                                                               the prior written
                                                                                                               approval of the
                                                                                                               FRB and the Director;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The
                                                                                                               Company may not
                                                                                                               incur, increase
                                                                                                               or guarantee any
                                                                                                               debt without the
                                                                                                               prior written approval
                                                                                                               of the FRB;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The
                                                                                                               Company may not
                                                                                                               purchase or redeem
                                                                                                               any shares of its
                                                                                                               stock without the
                                                                                                               prior written approval
                                                                                                               of the FRB;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The
                                                                                                             Company and the Bank
                                                                                                             may not make any
                                                                                                             severance or indemnification
                                                                                                             payments without
                                                                                                             complying with regulatory
                                                                                                             requirements regarding
                                                                                                             such payments; and</FONT></TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The Company and the Bank must comply with prior regulatory notification requirements
for any changes in directors or senior executive officers.</FONT></TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Agreement will
remain in effect until stayed, modified, terminated or suspended in writing by the FRB and the Commissioner.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><B>Item 2.02</B></TD><TD STYLE="text-align: justify"><B><U>Results of Operations and Financial Condition</U></B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On October 24, 2012,
Patapsco Bancorp, Inc. (the &ldquo;Company&rdquo;) announced its unaudited financial results for the three months ended September
30, 2012. For more information, reference is made to the Company&rsquo;s press release dated October 24, 2012, a copy of which
is attached to this Report as Exhibit 99.1 and is furnished herewith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt">&nbsp;</DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><B>Item 9.01</B></TD><TD STYLE="text-align: justify"><B><U>Financial Statements and Exhibits</U></B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in; text-align: left">(d)</TD><TD STYLE="text-align: justify">Exhibits</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1.25in; text-align: left"><U>Number</U></TD><TD STYLE="text-align: justify"><U>Description</U></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1.25in; text-align: left">10.1</TD><TD STYLE="text-align: justify">Written Agreement by and among Patapsco Bancorp, Inc.,
The Patapsco Bank, Federal Reserve Bank of Richmond and Maryland Commissioner of Financial Regulation</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1.25in; text-align: left">99.1</TD><TD STYLE="text-align: justify">Press Release dated October 24, 2012</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in"></P>

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt">&nbsp;</DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to the requirements
of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned,
hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><FONT STYLE="text-transform: uppercase">Patapsco Bancorp, Inc.</FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 47%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-size: 10pt">Date:
October 30, 2012</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">By:&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ John M. Wright</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">John M. Wright</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Senior Vice President and Chief
Financial Officer</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 5; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

</BODY>
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "v326987_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 49856}]
{"company-data": {"conformed-name": "PATAPSCO BANCORP INC", "cik": "0001003961", "assigned-sic": "6035", "irs-number": "521951797", "state-of-incorporation": "MD", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-28032", "film-number": "121171056"}, "business-address": {"street1": "1301 MERRITT BLVD", "city": "DUNDALK", "state": "MD", "zip": "21222", "phone": "4102851010"}, "mail-address": {"street1": "1301 MERRITT BLVD", "city": "DUNDALK", "state": "MD", "zip": "21222"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October
24, 2012
Patapsco
Bancorp, Inc
.
(Exact Name of Registrant as Specified in
its Charter)
Maryland
0-28032
52-1951797
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
1301 Merritt Boulevard, Dundalk, Maryland
21222
(Address of Principal Executive Offices)
(Zip Code)
Registrant's
telephone number, including area code:
(410) 285-1010
Not applicable
(Former Name or Former Address, if Changed
Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
£
Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 260.425)
£
Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
£
Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
£
Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-	4(c))
Item 1.01
Entry into a Material Definitive Agreement
On October 18, 2012,
the Company and its wholly owned subsidiary, The
Patapsco Bank (the "Bank")
,
each entered into a Written Agreement (the "Agreement") with the Federal Reserve Bank of Richmond (the "FRB")
and the Maryland Commissioner of Financial Regulation (the "Commissioner"). The description of the Agreement set forth
below is qualified in its entirety by reference to such Agreement, a copy of which is attached hereto as Exhibit 10.1 and is incorporated
herein by reference.
The Agreement
provides as follows:
·
Within
                                                                                                               60 days of the
                                                                                                               Agreement, the
                                                                                                               Board of Directors
                                                                                                               of the Bank must
                                                                                                               submit an acceptable
                                                                                                               written plan to
                                                                                                               strengthen Board
                                                                                                               oversight of the
                                                                                                               management and
                                                                                                               operations of the
                                                                                                               Bank;
·
Within
                                                                                                               60 days of the
                                                                                                               Agreement, the
                                                                                                               Bank must submit
                                                                                                               an acceptable written
                                                                                                               plan to strengthen
                                                                                                               credit risk management
                                                                                                               practices, including
                                                                                                               strategies to limit
                                                                                                               and reduce concentrations
                                                                                                               in commercial real
                                                                                                               estate credit and
                                                                                                               strategies to minimize
                                                                                                               credit losses and
                                                                                                               reduce the level
                                                                                                               of problem assets;
·
The
                                                                                                               Bank may not extend,
                                                                                                               renew, or restructure
                                                                                                               any credit to or
                                                                                                               for the benefit
                                                                                                               of any borrower
                                                                                                               whose loans have
                                                                                                               been criticized
                                                                                                               by the FRB and
                                                                                                               the Commissioner
                                                                                                               without the prior
                                                                                                               approval of a majority
                                                                                                               of the full Board
                                                                                                               of Directors or
                                                                                                               a designated committee
                                                                                                               thereof;
·
Within
                                                                                                               60 days of the
                                                                                                               Agreement the Bank
                                                                                                               must submit an
                                                                                                               acceptable written
                                                                                                               plan designed to
                                                                                                               improve the Bank's
                                                                                                               position through
                                                                                                               repayment, amortization,
                                                                                                               liquidation, additional
                                                                                                               collateral, or
                                                                                                               other means on
                                                                                                               each loan, relationship
                                                                                                               or other asset
                                                                                                               in excess of $600,000,
                                                                                                               including other
                                                                                                               real estate owned,
                                                                                                               that is past due
                                                                                                               as to principal
                                                                                                               or interest more
                                                                                                               than 90 days as
                                                                                                               of the date of
                                                                                                               the Agreement,
                                                                                                               is on the Bank's
                                                                                                               problem loan list
                                                                                                               or was adversely
                                                                                                               classified by the
                                                                                                               FRB and the Commissioner,
                                                                                                               and submit such
                                                                                                               a plan with respect
                                                                                                               to each additional
                                                                                                               asset that subsequently
                                                                                                               meets such description
                                                                                                               within 30 days
                                                                                                               of such loan, relationship
                                                                                                               or other asset
                                                                                                               becoming past due
                                                                                                               as to principal
                                                                                                               or interest more
                                                                                                               than 90 days, being
                                                                                                               on the Bank's
                                                                                                               problem loan list
                                                                                                               or being adversely
                                                                                                               classified by the
                                                                                                               FRB and the Commissioner;
·
Within
                                                                                                               10 days of the
                                                                                                               Agreement, the
                                                                                                               Bank must eliminate
                                                                                                               from its books,
                                                                                                               by charge-off or
                                                                                                               collection, all
                                                                                                               assets or portions
                                                                                                               of assets classified
                                                                                                               "loss"
                                                                                                               in the report of
                                                                                                               examination that
                                                                                                               have not been previously
                                                                                                               collected in full
                                                                                                               or charged off;
·
The
                                                                                                               Bank must maintain
                                                                                                               a sound process
                                                                                                               for determining,
                                                                                                               documenting, and
                                                                                                               recording an adequate
                                                                                                               allowance for loan
                                                                                                               and lease losses
                                                                                                               ("ALLL")
                                                                                                               in accordance with
                                                                                                               regulatory guidance
                                                                                                               and within 60 days
                                                                                                               of the Agreement
                                                                                                               submit an acceptable
                                                                                                               written program
                                                                                                               for the maintenance
                                                                                                               of an adequate
                                                                                                               ALLL;
·
Within
                                                                                                               60 days of the
                                                                                                               Agreement the Company
                                                                                                               and the Bank must
                                                                                                               submit to the FRB
                                                                                                               and the Commissioner
                                                                                                               an acceptable joint
                                                                                                               written plan to
                                                                                                               maintain sufficient
                                                                                                               capital at the
                                                                                                               Bank;
·
Within
                                                                                                               90 days of the
                                                                                                               Agreement, the
                                                                                                               Bank must submit
                                                                                                               to the FRB and
                                                                                                               the Commissioner
                                                                                                               a strategic plan
                                                                                                               to improve the
                                                                                                               Bank's earnings
                                                                                                               and a budget for
                                                                                                               2013, and the Bank
                                                                                                               must submit a strategic
                                                                                                               plan and budget
                                                                                                               for each calendar
                                                                                                               year subsequent
                                                                                                               to 2013 at least
                                                                                                               30 days prior to
                                                                                                               the beginning of
                                                                                                               that calendar year;
·
The
                                                                                                               Company and the
                                                                                                               Bank may not declare
                                                                                                               or pay an dividends
                                                                                                               without the prior
                                                                                                               written approval
                                                                                                               of the FRB and
                                                                                                               the Director of
                                                                                                               the Division of
                                                                                                               Banking Supervision
                                                                                                               and Regulation
                                                                                                               of the Board of
                                                                                                               Governors (the
                                                                                                               "Director")
                                                                                                               and, as to the
                                                                                                               Bank, the Commissioner;
·
The
                                                                                                               Company may not
                                                                                                               take any other
                                                                                                               form of payment
                                                                                                               representing a
                                                                                                               reduction in capital
                                                                                                               from the Bank without
                                                                                                               the prior written
                                                                                                               approval of the
                                                                                                               FRB and the Commissioner;
·
The
                                                                                                               Company and its
                                                                                                               nonbank subsidiaries
                                                                                                               may not make any
                                                                                                               distributions of
                                                                                                               interest, principal,
                                                                                                               or other sums on
                                                                                                               subordinated debentures
                                                                                                               or trust preferred
                                                                                                               securities without
                                                                                                               the prior written
                                                                                                               approval of the
                                                                                                               FRB and the Director;
·
The
                                                                                                               Company may not
                                                                                                               incur, increase
                                                                                                               or guarantee any
                                                                                                               debt without the
                                                                                                               prior written approval
                                                                                                               of the FRB;
·
The
                                                                                                               Company may not
                                                                                                               purchase or redeem
                                                                                                               any shares of its
                                                                                                               stock without the
                                                                                                               prior written approval
                                                                                                               of the FRB;
·
The
                                                                                                             Company and the Bank
                                                                                                             may not make any
                                                                                                             severance or indemnification
                                                                                                             payments without
                                                                                                             complying with regulatory
                                                                                                             requirements regarding
                                                                                                             such payments; and
·
The Company and the Bank must comply with prior regulatory notification requirements
for any changes in directors or senior executive officers.
The Agreement will
remain in effect until stayed, modified, terminated or suspended in writing by the FRB and the Commissioner.
Item 2.02
Results of Operations and Financial Condition
On October 24, 2012,
Patapsco Bancorp, Inc. (the "Company") announced its unaudited financial results for the three months ended September
30, 2012. For more information, reference is made to the Company's press release dated October 24, 2012, a copy of which
is attached to this Report as Exhibit 99.1 and is furnished herewith.
Item 9.01
Financial Statements and Exhibits
(d)
Exhibits
Number
Description
10.1
Written Agreement by and among Patapsco Bancorp, Inc.,
The Patapsco Bank, Federal Reserve Bank of Richmond and Maryland Commissioner of Financial Regulation
99.1
Press Release dated October 24, 2012
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned,
hereunto duly authorized.
Patapsco Bancorp, Inc.
Date:
October 30, 2012
By:
/s/ John M. Wright
John M. Wright
Senior Vice President and Chief
Financial Officer