Exhibit 99

DEARBORN BANCORP REPORTS FOURTH QUARTER
AND YEAR END RESULTS

     DEARBORN, Michigan, February 4, 2011 ... Dearborn Bancorp, Inc. (Nasdaq: DEAR), the Holding Company for Fidelity Bank (“Bank”), today reported a net loss of $2,379,000 or $(0.31) per fully diluted common share for the three months ended December 31, 2010 compared to a net loss of $5,806,000 or $(0.76) per share for the three months ended December 31, 2009. For the year ended December 31, 2010, the Company’s net loss was $14,249,000 or $(1.86) compared to a net loss of $61,175,000 or $(8.00) for the same period in 2009. The Company’s Shareholders’ Equity of $26,959,000 equates to a tangible book value of $3.51 per share compared to the market closing price of $1.65 on December 31, 2010. In accordance with regulatory capital guidelines, the Bank remains “undercapitalized” at December 31, 2010.

     Historically, in 2009, the Company recorded a $25,851,000 valuation allowance against its entire deferred tax asset, recorded a $5,451,000 tax refund from the expansion of a net operating loss carryback from two years to five years, and wrote-off its remaining $3,997,000 intangible assets related to acquisitions completed in 2004 and 2007. Additionally, in March 2010, the Company recorded an additional $10,000,000 in provision for 2009 based on information that became available that was indicative of credit quality issues as of December 31, 2009. Regardless of the adjustments, 2010 was a substantial improvement over 2009 in terms of net loss, operating expenses, and net interest margin.

     At December 31, 2010 the Company’s total assets were $915,684,000 compared to $986,486,000 at December 31, 2009. Total loans were intentionally reduced from $833,136,000 to $735,851,000. Total deposits declined from $867,955,000 to $812,101,000. Cash and cash equivalents increased from $77,497,000 to $93,775,000, and securities available for sale increased from $45,964,000 to $54,561,000. During 2010, the Company focused on strategically reducing loan balances to conserve capital while increasing the liquidity of the balance sheet.

     Michael J. Ross, President and Chief Executive Officer of both the Company and the Bank, announced the financial results and commented, “We continue to operate in a troubled condition; however, 2010 began to show some positive signs of improvement. Non-performing assets peaked in March of 2010 at $138,494,000 and have slowly declined each quarter thereafter to $136,592,000, but still remain at elevated levels at year end. Included in the year end non-performing assets was $48,527,000 in troubled debt restructured loans which were all current according to their restructured terms. Net charge-offs for 2010 were $23,132,000 compared to $30,190,000 for 2009, an improvement of 24%. Other real estate owned also dropped from $23,435,000 to $21,502,000, an 8% decline. During the fourth quarter of 2010, due to the efforts of our Special Assets team, we had significant sales of other real estate owned in the amount of $8,081,000. During the quarter we began to receive multiple bids on bank owned properties versus nominal bids on properties marketed a year ago. We anticipate improvement going forward, primarily as a result of fewer additions to non-performing assets as well as a higher level of sales of other real estate owned resulting from a marginally more active real estate market in Southeast Michigan.”

     Mr. Ross continued, “The core operations of the Company continue to produce income to offset the high cost of FDIC insurance premiums and the defaulted loan expense associated with resolving problem assets which were $4,125,000 and $4,372,000, respectively for 2010. The net interest margin grew to 3.93% for the quarter ended December 31, 2010 compared to 3.14% a year ago, primarily as a result of improved deposit pricing. Additionally, management continues to maintain tight control over operations and has reduced expenses in the areas of wages, occupancy, marketing, stationery and supplies, data processing as well as certain discretionary expenses during 2010.

     Ross concluded, “While we have shown some positive signs in 2010, the determining factor as to whether the Company can be solidly profitable in future quarters remains dependent upon the appraised value of collateral and level of charge-offs and write-downs. Thus, our primary concerns for 2011 are the recovery of 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.

DEARBORN BANCORP, INC. AND SUBSIDIARY

CONSOLIDATED BALANCE SHEETS (Unaudited)

		December 31,
(Dollars, in thousands)		2010				2009
ASSETS
Cash and cash equivalents
Cash and due from banks		$	6,645			$	7,803
Federal funds sold			55				156
Interest bearing deposits with banks			87,075				69,538
Total cash and cash equivalents			93,775				77,497
Mortgage loans held for sale			353				1,129
Securities available for sale			54,561				45,964
Securities held to maturity			250				336
Federal Home Loan Bank stock			3,605				3,698
Loans
Loans			735,851				833,136
Allowance for loan losses			(27,971	)			(35,125	)
Net loans			707,880				798,011
Premises and equipment, net			19,195				20,194
Real estate owned			21,502				23,435
Accrued interest receivable			3,286				3,562
Other assets			11,277				12,660
Total assets		$	915,684			$	986,486
LIABILITIES
Deposits
Non-interest bearing deposits		$	88,266			$	83,873
Interest bearing deposits			723,835				784,082
Total deposits			812,101				867,955
Other liabilities
Federal Home Loan Bank advances			63,716				63,855
Accrued interest payable			1,056				1,046
Other liabilities			1,852				1,685
Subordinated debentures			10,000				10,000
Total liabilities			888,725				944,541
STOCKHOLDERS’ EQUITY
Common stock — no par value 100,000,000 shares authorized, 7,685,705 and 7,687,470 shares outstanding in 2010 and 2009, respectively			132,082				131,929
Retained earnings			(104,098	)			(89,850	)
Accumulated other comprehensive income (loss)			(1,025	)			(134	)
Total stockholders’ equity			26,959				41,945
Total liabilities and stockholders’ equity		$	915,684			$	986,486

DEARBORN BANCORP, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

		Three Months Ended December 31,								Twelve Months Ended December 31,
(In thousands, except share data)		2010				2009				2010				2009
Interest income
Interest on loans		$	11,026			$	13,042			$	45,668			$	53,273
Interest on securities, available for sale			366				122				967				589
Interest on deposits with banks			121				101				337				374
Interest on federal funds			0				3				1				17
Total interest income			11,513				13,268				46,973				54,253
Interest expense
Interest on deposits			2,381				4,731				11,427				20,993
Interest on other liabilities			314				531				1,467				2,374
Total interest expense			2,695				5,262				12,894				23,367
Net interest income			8,818				8,006				34,079				30,886
Provision for loan losses			3,575				12,341				15,978				50,863
Net interest income (loss) after provision for loan losses			5,243				(4,335	)			18,101				(19,977	)
Non-interest income
Service charges on deposit accounts			359				381				1,448				1,499
Fees for other services to customers			29				31				149				126
Gain on the sale of loans			101				99				279				352
Gain (loss) on the sale of securities			0				(1	)			539				490
Other than temporary impairment on securities, held to maturity
Portion of loss recognized in other comprehensive income before taxes
Net impairment losses recognized in earnings			0				0				0				(414	)
Gain (loss) on the sale of real estate owned			(470	)			18				(476	)			(139	)
Loss on the write-down of real estate owned			(1,029	)			(267	)			(6,338	)			(2,766	)
Other income			122				113				393				383
Total non-interest income			(888	)			374				(4,006	)			(469	)
Non-interest expense
Salaries and employee benefits			3,189				3,317				12,436				12,974
Occupancy and equipment expense			767				870				3,255				3,623
Amortization of intangible expense			0				0				0				595
Impairment of other intangible assets			0				0				0				3,997
FDIC assessment			975				990				4,125				2,843
Advertising and marketing			44				60				146				237
Stationery and supplies			63				89				292				429
Professional services			210				209				1,172				807
Data processing			182				220				722				905
Defaulted loan expense			1,099				1,110				4,372				4,624
Other operating expenses			493				431				2,012				1,686
Total non-interest expense			7,022				7,296				28,532				32,720
Income before federal income tax expense			(2,667	)			(11,257	)			(14,437	)			(53,166	)
Income tax expense (benefit)			(288	)			(5,451	)			(188	)			8,009
Net loss			($2,379	)			($5,806	)			($14,249	)			($61,175	)
Per share data:
Net loss — basic			($0.31	)			($0.76	)			($1.86	)			($8.00	)
Net loss — diluted			($0.31	)			($0.76	)			($1.86	)			($8.00	)
Weighted average number of shares outstanding — basic			7,645,940				7,645,940				7,645,940				7,645,076
Weighted average number of shares outstanding — diluted			7,645,940				7,645,940				7,645,940				7,645,076

DEARBORN BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED BALANCE SHEETS

		Quarter Ended
(Dollars, in thousands)		12/31/10				9/30/10				6/30/10				3/31/10				12/31/09
ASSETS
Cash and cash equivalents
Cash and due from banks		$	6,645			$	7,136			$	7,088			$	8,047			$	7,803
Federal funds sold			55				56				57				57				156
Interest bearing deposits with banks			87,075				70,216				67,056				70,898				69,538
Total cash and cash equivalents			93,775				77,408				74,201				79,002				77,497
Mortgage loans held for sale			353				572				1,169				758				1,129
Securities			54,811				46,622				46,507				46,267				46,300
Federal Home Loan Bank stock			3,605				3,698				3,698				3,698				3,698
Loans
Loans			735,851				760,683				783,032				813,961				833,136
Allowance for loan loss			(27,971	)			(29,831	)			(31,574	)			(30,288	)			(35,125	)
Net loans			707,880				730,852				751,458				783,673				798,011
Bank premises and equipment, net			19,195				19,415				19,724				19,973				20,194
Other real estate			21,502				25,043				23,976				24,467				23,435
Other intangible assets			—				—				—				—				—
Accrued interest receivable			3,286				3,301				3,181				3,595				3,562
Other assets			11,277				9,820				9,199				9,266				12,660
Total assets		$	915,684			$	916,731			$	933,113			$	970,699			$	986,486
LIABILITIES
Deposits
Non-interest bearing deposits		$	88,266			$	87,205			$	91,447			$	86,407			$	83,873
Interest bearing deposits			723,835				722,213				736,217				765,610				784,082
Total deposits			812,101				809,418				827,664				852,017				867,955
Other liabilities
Federal Home Loan Bank advances			63,716				63,716				63,799				63,799				63,855
Other liabilities			1,692				972				942				956				1,685
Accrued interest payable			1,216				2,471				745				747				1,046
Subordinated debentures			10,000				10,000				10,000				10,000				10,000
Total liabilities			888,725				886,577				903,150				927,519				944,541
Total stockholders’ equity			26,959				30,154				29,963				43,180				41,945
Total liabilities and stockholders’ equity		$	915,684			$	916,731			$	933,113			$	970,699			$	986,486

DEARBORN BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENT OF OPERATIONS

		Quarter ended
(Dollars, in thousands)		12/31/2010				9/30/2010				6/30/2010				3/31/2010				12/31/2009
INTEREST INCOME
Interest on loans, including fees		$	11,026			$	11,328			$	11,536			$	11,778			$	13,042
Interest on other earning assets			487				391				221				206				226
Total interest income			11,513				11,719				11,757				11,984				13,268
INTEREST EXPENSE
Interest on deposits			2,381				2,578				2,925				3,543				4,731
Interest on other liabilities			314				391				376				386				531
Total interest expense			2,695				2,969				3,301				3,929				5,262
Net interest income			8,818				8,750				8,456				8,055				8,006
Provision for loan loss			3,575				500				11,803				100				12,341
Net interest income (loss) after provision for loan loss			5,243				8,250				(3,347	)			7,955				(4,335	)
NON-INTEREST INCOME
Deposit service charges			388				401				429				379				412
Gain on the sale of loans			101				54				66				58				99
Loss on the sale or write-down of real estate			(1,499	)			(998	)			(3,650	)			(667	)			(249	)
Other			122				561				78				171				112
Total non-interest income (loss)			(888	)			18				(3,077	)			(59	)			374
NON-INTEREST EXPENSE
Salaries and employee benefits			3,189				3,050				3,078				3,119				3,317
Occupancy and equipment expense			767				857				777				854				870
Impairment of goodwill and other intangible assets			—				—				—				—				—
Other expense			3,066				3,630				3,350				2,795				3,109
Total non-interest expense			7,022				7,537				7,205				6,768				7,296
Income (loss) before income tax provision			(2,667	)			731				(13,629	)			1,128				(11,257	)
Income tax provision (benefit)			(288	)			100				0				0				(5,451	)
Net income (loss)			($2,379	)		$	631				($13,629	)		$	1,128				($5,806	)

DEARBORN BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED FINANCIAL DATA

		Quarter ended
(Dollars in thousands, except share and per share data)		12/31/2010				9/30/2010				6/30/2010				3/31/2010				12/31/2009
EARNINGS SUMMARY
Net interest income		$	8,818			$	8,750			$	8,456			$	8,055			$	8,006
Provision for loan loss		$	3,575			$	500			$	11,803			$	100			$	12,341
Total non-interest income			($888	)		$	18				($3,077	)			($59	)		$	374
Total non-interest expense		$	7,022			$	7,537			$	7,205			$	6,768			$	7,296
Income taxes (benefit)			($288	)		$	100			$	0			$	0				($5,451	)
Net income (loss)			($2,379	)		$	631				($13,629	)		$	1,128				($5,806	)
Basic earnings per share			($0.31	)		$	0.08				($1.78	)		$	0.15				($0.76	)
Diluted earnings per share			($0.31	)		$	0.08				($1.78	)		$	0.15				($0.76	)
MARKET DATA
Book value per share		$	3.51			$	3.92			$	3.90			$	5.62			$	5.46
Tangible book value per share		$	3.51			$	3.92			$	3.90			$	5.62			$	5.46
Market value per share		$	1.65			$	1.79			$	1.87			$	1.11			$	0.46
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				7,685,705				7,687,470				7,687,470
PERFORMANCE RATIOS
Return on average assets			-1.02	%			0.27	%			-5.67	%			0.44	%			-2.20	%
Return on average equity			-29.72	%			7.92	%			-123.92	%			10.50	%			-45.21	%
Net interest margin (FTE)			3.93	%			3.89	%			3.68	%			3.47	%			3.14	%
Efficiency ratio			74.47	%			77.18	%			79.80	%			78.13	%			84.55	%
ASSET QUALITY
Net charge-offs (YTD)		$	23,132			$	17,697			$	15,454			$	4,937			$	30,190
Nonperforming loans		$	115,090			$	112,000			$	113,676			$	114,027			$	108,761
Other real estate		$	21,502			$	25,043			$	23,976			$	24,467			$	23,435
Nonperforming loans to total loans			15.64	%			14.72	%			14.52	%			14.01	%			13.05	%
Nonperforming assets to total assets			14.92	%			14.95	%			14.75	%			14.27	%			13.40	%
Allowance for loan loss to total loans			3.80	%			3.92	%			4.03	%			3.72	%			4.22	%
CAPITAL & LIQUIDITY
Average equity to average assets			3.42	%			3.41	%			4.58	%			4.17	%			4.87	%
Tier 1 capital to risk weighted assets			4.91	%			4.96	%			4.63	%			6.25	%			6.10	%
Total capital to risk weighted assets			6.19	%			6.24	%			6.07	%			7.50	%			7.39	%
Loan to deposit ratio			90.61	%			93.98	%			94.61	%			95.53	%			95.99	%
Loan to funding ratio			84.02	%			87.12	%			87.84	%			88.88	%			89.41	%
END OF PERIOD BALANCES
Total portfolio loans		$	735,851			$	760,683			$	783,032			$	813,961			$	833,136
Earning assets		$	881,750			$	881,847			$	901,519			$	935,639			$	953,957
Total assets		$	915,684			$	916,731			$	933,113			$	970,699			$	986,486
Deposits		$	812,101			$	809,418			$	827,664			$	852,017			$	867,955
Total shareholders’equity		$	26,959			$	30,154			$	29,963			$	43,180			$	41,945
AVERAGE BALANCES
Total portfolio loans		$	750,443			$	772,662			$	801,464			$	826,188			$	851,447
Earning assets		$	893,065			$	892,406			$	926,477			$	941,959			$	1,013,062
Total assets		$	928,838			$	926,017			$	963,919			$	1,045,938			$	1,045,938
Deposits		$	820,714			$	818,691			$	844,001			$	854,071			$	912,691
Total shareholders’equity		$	31,761			$	31,593			$	44,114			$	43,567			$	50,956

DEARBORN BANCORP, INC. AND SUBSIDIARY
DEPOSIT INFORMATION

(In thousands)		December 31
Category		2010				2009
Non-interest bearing
Demand		$	88,267			$	83,873
Interest bearing
Interest Checking		$	73,107			$	83,087
Money market			53,499				52,412
Savings			41,214				43,343
Time, under $100,000			291,478				301,829
Time, $100,000 and over			264,536				303,411
			723,834				784,082
		$	812,101			$	867,955

DEARBORN BANCORP, INC. AND SUBSIDIARY
ASSET QUALITY DATA

(Dollars, in thousands)		12/31/2010				9/30/2010				6/30/2010				3/31/2010				12/31/2009
Troubled debt restructuring		$	48,527			$	39,714			$	38,530			$	31,737			$	59,420
Loans over 90 days past due and still accruing			—				—				—				1,127				—
Non-accrual loans			66,563				72,286				75,146				81,163				49,341
Total non-performing loans			115,090				112,000				113,676				114,027				108,761
Other real estate and other repossessed assets			21,502				25,043				23,976				24,467				23,435
Total non-performing assets		$	136,592			$	137,043			$	137,652			$	138,494			$	132,196
Net charge-offs (year to date)		$	23,132			$	17,697			$	15,454			$	4,937			$	30,190
Allowance for loan losses			27,971				29,831				31,574				30,288				35,125

ASSET QUALITY RATIOS

		12/31/2010				9/30/2010				6/30/2010				3/31/2010				12/31/2009
Non-accrual loans to total loans			9.05	%			9.50	%			9.60	%			9.97	%			5.92	%
Non-performing loans to total loans			15.64	%			14.72	%			14.52	%			14.01	%			13.05	%
Non-performing assets to total assets			14.92	%			14.95	%			14.75	%			14.27	%			13.40	%
Loans over 90 days past due and still accruing to total loans			—	%			—	%			—	%			0.14	%			—	%
Net charge-offs to average loans			2.94	%			2.21	%			1.90	%			0.60	%			3.40	%
Allowance for loan losses to non-performing loans			24.30	%			26.63	%			27.78	%			26.56	%			32.30	%
Allowance for loan losses to non-performing assets			20.48	%			21.77	%			22.94	%			21.87	%			26.57	%
Allowance for loan losses to total loans			3.80	%			3.92	%			4.03	%			3.72	%			4.22	%

Dearborn Bancorp, Inc.
Loan Information at December 31, 2010

						Loan Detail																				Other Related Data
						Accruing Loans																				Allowance				Year to Date				Other Real
(In thousands)		12/31/10				Current				TDR				30 to 89 past due				90+ days past due				Non-Accrual				For Loan Losses				Net Charge-Offs				Estate Owned
Consumer Loans		$	25,871			$	24,123			$	0			$	215			$	0			$	1,533			$	1,115			$	816			$	114
Commercial Loans			121,015				100,252				5,600				1,475				0				13,688				6,571				6,055				3,125
Land Development — Residential			21,975				7,995				2,076				0				0				11,904				1,757				10,003				6,829
Land Development — Non Residential			9,970				4,236				0				4,000				0				1,734				972				300				1,786
Commercial Construction Loans — Residential			10,613				388				2,462				0				0				7,763				2,467				1,886				1,405
Commercial Construction Loans — Non Residential			12,568				706				11,545				0				0				317				2,674				36				1,314
Commercial Mortgage Loans			495,501				427,587				26,844				12,612				0				28,458				12,102				3,833				6,383
Residential Mortgage Loans			38,338				37,172				0				0				0				1,166				313				203				546
Totals		$	735,851			$	602,459			$	48,527			$	18,302			$	0			$	66,563			$	27,971			$	23,132			$	21,502

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