Exhibit 99

DEARBORN BANCORP REPORTS THIRD QUARTER PROFIT

     DEARBORN, Michigan, October 19, 2010 ... Dearborn Bancorp, Inc. (Nasdaq: DEAR), the Holding Company for Fidelity Bank (“Bank”), today reported a net income of $631,000 or $0.08 per fully diluted common share for the three months ended September 30, 2010 compared to a net loss of $40,045,000 or $(5.24) per share for the three months ended September 30, 2009. For the nine months ended September 30, 2010, the Company’s net loss was $11,870,000 or $(1.55) compared to a net loss of $55,369,000 or $(7.24) for the same period in 2009. The Company’s Shareholders’ Equity of $30,154,000 equates to a book value of $3.92 per share compared to the market closing price of $1.79 on September 30, 2010. In accordance with regulatory capital guidelines, the Bank remains “undercapitalized” at September 30, 2010.

     At the end of September, the Company’s total assets were $916,731,000 representing a decline of 12.1 percent over the preceding 12 months as a result of a strategic contraction of the balance sheet to conserve capital. Total deposits decreased 10.6 percent over the previous year and stood at $809,418,000 when the third quarter ended. Total loans were $760,683,000 on September 30, 2010, 11.8 percent less than they had been on the same date in 2009. Strong emphasis is being placed on collection of the existing loan portfolio and the sale of other real estate owned.

     Michael J. Ross, President and Chief Executive Officer of both the Company and the Bank, announced the financial results and commented, “During the third quarter, net charge-offs were $2,243,000 which included gross recoveries of $661,000. The allowance for loan losses now stands at 3.92% of total loans at the end of the quarter. Write-downs of other real estate owned were $960,000, reflecting the pending sale of two spec commercial office buildings. Total non-performing assets were $137,043,000 at September 30, 2010 remaining flat compared to the first and second quarter of 2010.”

     Ross concluded, “The core operations of the Company continue to produce income to offset the high cost of FDIC insurance and the holding costs of other real estate owned. The level of future unknown charge-offs remains the determining factor as to whether the Company can be profitable in future quarters. Thus, our primary concerns for 2010 and 2011 are the Michigan economy, credit quality, and the stability or improvement of the underlying collateral values in our loan portfolio.”

     Dearborn Bancorp, Inc. is a registered bank holding company. Its sole banking subsidiary is Fidelity Bank. The Bank operates 17 offices in Wayne, Oakland, Macomb and Washtenaw Counties in the State of Michigan. Its common shares trade on the Nasdaq Global Market under the symbol DEAR.

CONTACT: Michael J. Ross, President & CEO, at (313) 565-5700 or Jeffrey L. Karafa, CFO, at (313) 381-3200.

Forward-Looking Statements

This press release contains forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations. Words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “intends,” “is likely,” “plans,” “projects,” variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions (“Future Factors”) that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence. Actual results and outcomes may materially differ from what is expressed in forward-looking statements. Dearborn Bancorp undertakes no obligation to update, amend or clarify forward-looking statements, whether as a result of new information, future events (whether anticipated or unanticipated), or otherwise.

Future Factors include changes in interest rates and interest rate relationships; demand for products and services; the degree of competition by traditional and non-traditional competitors; changes in banking regulation; changes in tax laws; changes in prices, levies and assessments; the impact of technological advances; governmental and regulatory policy changes; the outcomes of contingencies, trends in customer behavior as well as their ability to repay loans; actions by bank regulators; availability of capital; changes in local real estate values; changes in the national and local economy; and other factors, including risk factors disclosed from time to time in filings made by Dearborn Bancorp with the Securities and Exchange Commission. These are representative of the Future Factors and could cause a difference between an ultimate actual outcome and a preceding forward-looking statement.

DEARBORN BANCORP, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

(Dollars, in thousands)		9/30/2010				12/31/2009				9/30/2009
ASSETS
Cash and cash equivalents
Cash and due from banks		$	7,136			$	7,803			$	17,330
Federal funds sold			56				156				6,206
Interest bearing deposits with banks			70,216				69,538				117,732
Total cash and cash equivalents			77,408				77,497				141,268
Mortgage loans held for sale			572				1,129				1,449
Securities available for sale			46,372				45,964				13,547
Securities held to maturity			250				336				363
Federal Home Loan Bank stock			3,698				3,698				3,698
Loans
Loans			760,683				833,136				862,664
Allowance for loan losses			(29,831	)			(35,125	)			(28,373	)
Net loans			730,852				798,011				834,291
Premises and equipment, net			19,415				20,194				20,477
Real estate owned			25,043				23,435				15,472
Accrued interest receivable			3,301				3,562				3,619
Other assets			9,820				12,660				8,153
Total assets		$	916,731			$	986,486			$	1,042,337
LIABILITIES
Deposits
Non-interest bearing deposits		$	87,205			$	83,873			$	89,329
Interest bearing deposits			722,213				784,082				815,625
Total deposits			809,418				867,955				904,954
Other liabilities
Securities sold under agreements to repurchase			—				—				2,302
Federal Home Loan Bank advances			63,716				63,855				73,855
Accrued interest payable			972				1,046				956
Other liabilities			2,471				1,685				2,380
Subordinated debentures			10,000				10,000				10,000
Total liabilities			886,577				944,541				994,447
STOCKHOLDERS’ EQUITY
Common stock — no par value 100,000,000 shares authorized, 7,685,705 at 9/30/10, 7,687,470 shares at 12/31/09 and 7,687,470 shares at 9/30/09			132,022				131,929				131,898
Retained earnings (accumulated deficit)			(101,719	)			(89,850	)			(84,043	)
Accumulated other comprehensive income (loss)			(149	)			(134	)			35
Total stockholders’ equity			30,154				41,945				47,890
Total liabilities and stockholders’ equity		$	916,731			$	986,486			$	1,042,337

DEARBORN BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited)

		Three Months Ended								Nine Months Ended
(In thousands, except share data)		9/30/2010				9/30/2009				9/30/2010				9/30/2009
Interest income
Interest on loans		$	11,328			$	13,135			$	34,642			$	40,231
Interest on securities, available for sale			276				33				601				467
Interest on deposits with banks			115				76				216				273
Interest on federal funds			—				2				1				14
Total interest income			11,719				13,246				35,460				40,985
Interest expense
Interest on deposits			2,578				4,806				9,046				16,262
Interest on other liabilities			391				614				1,153				1,843
Total interest expense			2,969				5,420				10,199				18,105
Net interest income			8,750				7,826				25,261				22,880
Provision for loan losses			500				14,185				12,403				38,522
Net interest income (loss) after provision for loan losses			8,250				(6,359	)			12,858				(15,642	)
Non-interest income
Service charges on deposit accounts			366				388				1,089				1,118
Fees for other services to customers			35				33				120				95
Gain on the sale of loans			54				37				178				253
Gain on the sale of securities			470				—				539				465
Other than temporary impairment of securities			—				(387	)			—				(387	)
Gain (loss) on the sale of real estate owned			(38	)			(154	)			(6	)			(157	)
Loss on the write-down of real estate owned			(960	)			(639	)			(5,309	)			(2,499	)
Write-down of other assets			—				—				—				(100	)
Other income			91				122				271				369
Total non-interest income			18				(600	)			(3,118	)			(843	)
Non-interest expense
Salaries and employee benefits			3,050				3,159				9,247				9,657
Occupancy and equipment expense			857				903				2,488				2,753
Amortization of intangible expense			—				4,195				—				4,592
FDIC assessment			1,075				672				3,150				1,853
Advertising and marketing			42				48				102				177
Stationery and supplies			82				120				229				340
Professional services			490				234				962				598
Data processing			180				219				540				685
Defaulted loan expense			1,184				1,827				3,273				3,514
Other operating expenses			577				433				1,519				1,255
Total non-interest expense			7,537				11,810				21,510				25,424
Income before federal income tax expense			731				(18,769	)			(11,770	)			(41,909	)
Income tax expense (benefit)			100				21,276				100				13,460
Net loss		$	631				($40,045	)			($11,870	)			($55,369	)
Per share data:
Net loss — basic		$	0.08				($5.24	)			($1.55	)			($7.24	)
Net loss — diluted		$	0.08				($5.24	)			($1.55	)			($7.24	)
Weighted average number of shares outstanding — basic			7,645,940				7,645,940				7,645,940				7,644,785
Weighted average number of shares outstanding — diluted			7,645,940				7,645,940				7,645,940				7,644,785

DEARBORN BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED BALANCE SHEETS

		Quarter Ended
(Dollars, in thousands)		9/30/10				6/30/10				3/31/10				12/31/09				9/30/09
ASSETS
Cash and cash equivalents
Cash and due from banks		$	7,136			$	7,088			$	8,047			$	7,803			$	17,330
Federal funds sold			56				57				57				156				6,206
Interest bearing deposits with banks			70,216				67,056				70,898				69,538				117,732
Total cash and cash equivalents			77,408				74,201				79,002				77,497				141,268
Mortgage loans held for sale			572				1,169				758				1,129				1,449
Securities			46,622				46,507				46,267				46,300				13,910
Federal Home Loan Bank stock			3,698				3,698				3,698				3,698				3,698
Loans
Loans			760,683				783,032				813,961				833,136				862,664
Allowance for loan loss			(29,831	)			(31,574	)			(30,288	)			(35,125	)			(28,373	)
Net loans			730,852				751,458				783,673				798,011				834,291
Bank premises and equipment, net			19,415				19,724				19,973				20,194				20,477
Other real estate			25,043				23,976				24,467				23,435				15,472
Other intangible assets			—				—				—				—				—
Accrued interest receivable			3,301				3,181				3,595				3,562				3,619
Other assets			9,820				9,199				9,266				12,660				8,153
Total assets		$	916,731			$	933,113			$	970,699			$	986,486			$	1,042,337
LIABILITIES
Deposits
Non-interest bearing deposits		$	87,205			$	91,447			$	86,407			$	83,873			$	89,329
Interest bearing deposits			722,213				736,217				765,610				784,082				815,625
Total deposits			809,418				827,664				852,017				867,955				904,954
Other liabilities
Securities sold under agreements to repurchase			—				—				—				—				2,302
Federal Home Loan Bank advances			63,716				63,799				63,799				63,855				73,855
Other liabilities			972				942				956				1,685				2,380
Accrued interest payable			2,471				745				747				1,046				956
Subordinated debentures			10,000				10,000				10,000				10,000				10,000
Total liabilities			886,577				903,150				927,519				944,541				994,447
Total stockholders’ equity			30,154				29,963				43,180				41,945				47,890
Total liabilities and stockholders’ equity		$	916,731			$	933,113			$	970,699			$	986,486			$	1,042,337

DEARBORN BANCORP, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENT OF OPERATIONS

										Quarter ended
(Dollars, in thousands)		9/30/2010				6/30/2010				3/31/2010				12/31/2009				9/30/2009
INTEREST INCOME
Interest on loans, including fees		$	11,328			$	11,536			$	11,778			$	13,042			$	13,135
Interest on other earning assets			391				221				206				226				111
Total interest income			11,719				11,757				11,984				13,268				13,246
INTEREST EXPENSE
Interest on deposits			2,578				2,925				3,543				4,731				4,806
Interest on other liabilities			391				376				386				531				614
Total interest expense			2,969				3,301				3,929				5,262				5,420
Net interest income			8,750				8,456				8,055				8,006				7,826
Provision for loan loss			500				11,803				100				12,341				14,185
Net interest income (loss) after provision for loan loss			8,250				(3,347	)			7,955				(4,335	)			(6,359	)
NON-INTEREST INCOME
Deposit service charges			401				429				379				412				421
Gain on the sale of loans			54				66				58				99				37
Loss on the sale or write-down of real estate			(998	)			(3,650	)			(667	)			(249	)			(793	)
Other			561				78				171				112				(265	)
Total non-interest income (loss)			18				(3,077	)			(59	)			374				(600	)
NON-INTEREST EXPENSE
Salaries and employee benefits			3,050				3,078				3,119				3,317				3,159
Occupancy and equipment expense			857				777				854				870				903
Impairment of goodwill and other intangible assets			—				—				—				—				3,997
Other expense			3,630				3,350				2,795				3,109				3,751
Total non-interest expense			7,537				7,205				6,768				7,296				11,810
Income (loss) before income tax provision			731				(13,629	)			1,128				(11,257	)			(18,769	)
Income tax provision (benefit)			100				0				0				(5,451	)			21,276
Net income (loss)		$	631				($13,629	)		$	1,128				($5,806	)			($40,045	)

DEARBORN BANCORP, INC. AND SUBSIDIARY

CONSOLIDATED FINANCIAL DATA

		Quarter ended
(Dollars in thousands, except share and per share data)		9/30/2010				6/30/2010				3/31/2010				12/31/2009				9/30/2009
EARNINGS SUMMARY
Net interest income		$	8,750			$	8,456			$	8,055			$	8,006			$	7,826
Provision for loan loss		$	500			$	11,803			$	100			$	12,341			$	14,185
Total non-interest income		$	18				($3,077	)			($59	)		$	374				($600	)
Total non-interest expense		$	7,537			$	7,205			$	6,768			$	7,296			$	11,810
Income taxes (benefit)		$	100			$	0			$	0				($5,451	)		$	21,276
Net income (loss)		$	631				($13,629	)		$	1,128				($5,806	)			($40,045	)
Basic earnings per share		$	0.08				($1.78	)		$	0.15				($0.76	)			($5.24	)
Diluted earnings per share		$	0.08				($1.78	)		$	0.15				($0.76	)			($5.24	)
MARKET DATA
Book value per share		$	3.92			$	3.90			$	5.62			$	5.46			$	6.23
Tangible book value per share		$	3.92			$	3.90			$	5.62			$	5.46			$	6.23
Market value per share		$	1.79			$	1.87			$	1.11			$	0.46			$	1.21
Average basic common shares			7,645,940				7,645,940				7,645,940				7,645,940				7,645,940
Average diluted common shares			7,645,940				7,645,940				7,645,940				7,645,940				7,645,940
Period end common shares			7,685,705				7,685,705				7,687,470				7,687,470				7,687,470
PERFORMANCE RATIOS
Return on average assets			0.27	%			-5.67	%			0.44	%			-2.20	%			-15.77	%
Return on average equity			7.92	%			-123.92	%			10.50	%			-45.21	%			-181.36	%
Net interest margin (FTE)			3.89	%			3.68	%			3.47	%			3.14	%			3.24	%
Efficiency ratio			77.18	%			79.80	%			78.13	%			84.55	%			147.28	%
ASSET QUALITY
Net charge-offs (YTD)		$	17,697			$	15,454			$	4,937			$	30,190			$	24,601
Nonperforming loans		$	112,000			$	113,676			$	114,027			$	108,761			$	104,891
Other real estate		$	25,043			$	23,976			$	24,467			$	23,435			$	15,472
Nonperforming loans to total loans			14.72	%			14.52	%			14.01	%			13.05	%			12.16	%
Nonperforming assets to total assets			14.95	%			14.75	%			14.27	%			13.40	%			11.55	%
Allowance for loan loss to total loans			3.92	%			4.03	%			3.72	%			4.22	%			3.29	%
CAPITAL & LIQUIDITY
Average equity to average assets			3.41	%			4.58	%			4.17	%			4.87	%			8.70	%
Tier 1 capital to risk weighted assets			4.96	%			4.63	%			6.25	%			6.10	%			6.40	%
Total capital to risk weighted assets			6.24	%			6.07	%			7.50	%			7.39	%			7.65	%
Loan to deposit ratio			93.98	%			94.61	%			95.53	%			95.99	%			95.33	%
Loan to funding ratio			87.12	%			87.84	%			88.88	%			89.41	%			88.13	%
END OF PERIOD BALANCES
Total portfolio loans		$	760,683			$	783,032			$	813,961			$	833,136			$	862,664
Earning assets		$	881,847			$	901,519			$	935,639			$	953,957			$	1,005,659
Total assets		$	916,731			$	933,113			$	970,699			$	986,486			$	1,042,337
Deposits		$	809,418			$	827,664			$	852,017			$	867,955			$	904,954
Total shareholders’equity		$	30,154			$	29,963			$	43,180			$	41,945			$	47,890
AVERAGE BALANCES
Total portfolio loans		$	772,662			$	801,464			$	826,188			$	851,447			$	875,545
Earning assets		$	892,406			$	926,477			$	941,959			$	1,013,062			$	958,383
Total assets		$	926,017			$	963,919			$	1,045,938			$	1,045,938			$	1,018,320
Deposits		$	818,691			$	844,001			$	854,071			$	912,691			$	841,447
Total shareholders’equity		$	31,593			$	44,114			$	43,567			$	50,956			$	88,565

DEARBORN BANCORP, INC. AND SUBSIDIARY

DEPOSIT INFORMATION

(In thousands)

		September 30
Category		2010				2009
Non-interest bearing
Demand		$	87,205			$	89,329
Interest bearing
Interest Checking		$	73,669			$	88,820
Money market			55,581				75,962
Savings			42,313				45,665
Time, under $100,000			287,069				291,314
Time, $100,000 and over			263,581				313,864
			722,213				815,625
		$	809,418			$	904,954

DEARBORN BANCORP, INC. AND SUBSIDIARY
ASSET QUALITY DATA

(Dollars, in thousands)		9/30/2010				6/30/2010				3/31/2010				12/31/2009				9/30/2009
Troubled debt restructuring		$	39,714			$	38,530			$	31,737			$	59,420			$	46,025
Loans over 90 days past due and still accruing			—				—				1,127				—				—
Non-accrual loans			72,286				75,146				81,163				49,341				58,866
Total non-performing loans			112,000				113,676				114,027				108,761				104,891
Other real estate and other repossessed assets			25,043				23,976				24,467				23,435				15,472
Total non-performing assets		$	137,043			$	137,652			$	138,494			$	132,196			$	120,363
Net charge-offs (year to date)		$	17,697			$	15,454			$	4,937			$	30,190			$	24,601
Allowance for loan losses			29,831				31,574				30,288				35,125				28,373

ASSET QUALITY RATIOS

		9/30/2010				6/30/2010				3/31/2010				12/31/2009				9/30/2009
Non-accrual loans to total loans			9.50	%			9.60	%			9.97	%			5.92	%			6.82	%
Non-performing loans to total loans			14.72	%			14.52	%			14.01	%			13.05	%			12.16	%
Non-performing assets to total assets			14.95	%			14.75	%			14.27	%			13.40	%			11.55	%
Loans over 90 days past due and still accruing to total loans			—	%			—	%			0.14	%			—	%			—	%
Net charge-offs to average loans			2.21	%			1.90	%			0.60	%			3.40	%			2.74	%
Allowance for loan losses to non-performing loans			26.63	%			27.78	%			26.56	%			32.30	%			27.05	%
Allowance for loan losses to non-performing assets			21.77	%			22.94	%			21.87	%			26.57	%			23.57	%
Allowance for loan losses to total loans			3.92	%			4.03	%			3.72	%			4.22	%			3.29	%

Loan Information at September 30, 2010

						Loan Detail																				Other Related Data
						Accruing Loans																				Allowance				Year to Date				Other Real
(In thousands)		9/30/10				Current				TDR				30 to 89 past due				90+ days past due				Non-Accrual				For Loan Losses				Net Charge-Offs				Estate Owned
Consumer Loans		$	27,391			$	25,476			$	0			$	1,015			$	0			$	900			$	586			$	588			$	114
Commercial Loans			126,573				104,470				5,780				2,728				0				13,595				7,937				3,643				2,695
Land Development — Residential			26,668				9,091				1,980				0				0				15,597				3,668				7,496				6,917
Land Development — Non Residential			9,374				8,056				0				0				0				1,318				863				300				1,786
Commercial Construction Loans — Residential			11,407				336				2,450				0				0				8,621				2,691				1,739				1,290
Commercial Construction Loans — Non Residential			17,370				14,170				3,200				0				0				0				1,985				36				1,948
Commercial Mortgage Loans			501,059				433,191				26,304				11,936				0				29,628				11,806				3,736				9,677
Residential Mortgage Loans			40,841				37,878				0				336				0				2,627				295				159				616
Totals		$	760,683			$	632,668			$	39,714			$	16,015			$	0			$	72,286			$	29,831			$	17,697			$	25,043

Loan Information at June 30, 2010

						Loan Detail																				Other Related Data
						Accruing Loans																				Allowance				Year to Date				Other Real
(In thousands)		6/30/10				Current				TDR				30 to 89 past due				90+ days past due				Non-Accrual				For Loan Losses				Net Charge-Offs				Estate Owned
Consumer Loans		$	28,017			$	26,782			$	0			$	184			$	0			$	1,051			$	1,176			$	386			$	114
Commercial Loans			134,199				108,465				6,916				4,684				0				14,134				5,037				2,664				2,012
Land Development — Residential			29,233				9,506				1,980				746				0				17,001				2,437				7,171				6,034
Land Development — Non Residential			9,427				8,108				0				0				0				1,319				1,815				300				1,786
Commercial Construction Loans — Residential			11,060				687				2,160				0				0				8,213				2,516				1,711				1,525
Commercial Construction Loans — Non Residential			17,935				14,402				3,200				0				0				333				4,413				36				2,869
Commercial Mortgage Loans			511,265				441,566				24,274				14,895				0				30,530				13,833				3,005				8,786
Residential Mortgage Loans			41,896				39,248				0				83				0				2,565				347				181				850
Totals		$	783,032			$	648,764			$	38,530			$	20,592			$	0			$	75,146			$	31,574			$	15,454			$	23,976

Loan Information at March 31, 2010

						Loan Detail																				Other Related Data
						Accruing Loans																				Allowance				Year to Date				Other Real
(In thousands)		3/31/10				Current				TDR				30 to 89 past due				90+ days past due				Non-Accrual				For Loan Losses				Net Charge-Offs				Estate Owned
Consumer Loans		$	28,623			$	27,578			$	0			$	121			$	0			$	924			$	1,041			$	319			$	127
Commercial Loans			141,338				113,803				7,412				7,374				0				12,749				3,663				1,506				2,441
Land Development — Residential			36,089				10,701				1,628				500				0				23,260				3,883				1,283				8,286
Land Development — Non Residential			9,711				7,026				0				0				1,127				1,558				1,055				229				1,802
Commercial Construction Loans — Residential			12,164				687				1,904				0				0				9,573				2,534				905				1,636
Commercial Construction Loans — Non Residential			20,813				17,943				0				0				0				2,870				4,246				36				0
Commercial Mortgage Loans			521,701				464,202				20,793				8,843				0				27,863				13,354				550				9,458
Residential Mortgage Loans			43,522				40,388				0				768				0				2,366				512				109				718
Totals		$	813,961			$	682,328			$	31,737			$	17,606			$	1,127			$	81,163			$	30,288			$	4,937			$	24,468