Exhibit 99

DEARBORN BANCORP REPORTS FIRST QUARTER PROFIT

     DEARBORN, Michigan, April 19, 2011 ... Dearborn Bancorp, Inc. (Nasdaq: DEAR), the Holding Company for Fidelity Bank (“Bank”), today reported a net income of $154,000 or $0.02 per fully diluted common share for the three months ended March 31, 2011 compared to a net income of $1,128,000 or $0.15 per share for the three months ended March 31, 2010. The Company’s Shareholders’ Equity of $26,994,000 equates to a tangible book value of $3.51 per share compared to the market closing price of $1.42 on March 31, 2011. In accordance with regulatory capital guidelines, the Bank remains “undercapitalized” at March 31, 2011.

     At March 31, 2011 the Company’s total assets were $896,994,000 compared to $970,669,000 at March 31, 2010. Total loans were intentionally reduced from $813,961,000 to $718,187,000. Total deposits declined from $852,017,000 to $794,153,000. Cash and cash equivalents increased from $79,002,000 to $103,310,000, and securities available for sale increased from $46,267,000 to $53,117,000. During the last year, the Company has continued to focus 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, “The Bank continues to generate solid core earnings. First quarter 2011 earnings were $154,000 net after expenses of $1,395,000 in loan loss provision, $326,000 in write-downs of other real estate owned, $1,180,000 in defaulted loan expense and $950,000 in FDIC insurance premiums. Net charge-offs for the first quarter of 2011 declined to $1,395,000 compared to $4,937,000 for the first quarter for 2010. Non-performing loans remain unacceptably high at $120,688,000. Included in this category are $42,205,000 of restructured troubled debt loans which are current according to their restructured terms.”

     Mr. Ross continued, “The net interest margin grew to 3.96% for the quarter ended March 31, 2011 compared to 3.47% a year ago, primarily as a result of improved deposit pricing. Additionally, management continues to maintain tight control over operating expenses in the areas of wages, occupancy, marketing, stationery and supplies, data processing as well as certain discretionary expenses.

     Ross concluded, “We are beginning to see the results of declining Michigan unemployment which is now at 10.7% at March 31, 2011 down from 14.6% as of December 31, 2009. While we are showing some positive signs in 2011, 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 16 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
CONSOLIDATED BALANCE SHEETS

		Unaudited								Unaudited
(Dollars, in thousands)		3/31/2011				12/31/2010				3/31/2010
ASSETS
Cash and cash equivalents
Cash and due from banks		$	7,454			$	6,645			$	8,047
Federal funds sold			55				55				57
Interest bearing deposits with banks			95,801				87,075				70,898
Total cash and cash equivalents			103,310				93,775				79,002
Mortgage loans held for sale			749				353				758
Securities available for sale			53,117				54,811				46,267
Federal Home Loan Bank stock			3,605				3,605				3,698
Loans
Loans			718,187				735,851				813,961
Allowance for loan losses			(27,971	)			(27,971	)			(30,288	)
Net loans			690,216				707,880				783,673
Premises and equipment, net			18,969				19,195				19,973
Real estate owned			22,120				21,502				24,467
Accrued interest receivable			3,310				3,286				3,595
Other assets			1,598				11,277				9,266
Total assets		$	896,994			$	915,684			$	970,699
LIABILITIES
Deposits
Non-interest bearing deposits		$	95,076			$	88,266			$	86,407
Interest bearing deposits			699,077				723,835				765,610
Total deposits			794,153				812,101				852,017
Other liabilities
Federal Home Loan Bank advances			63,668				63,716				63,799
Accrued interest payable			1,079				1,056				956
Other liabilities			1,100				1,852				747
Subordinated debentures			10,000				10,000				10,000
Total liabilities			870,000				888,725				927,519
STOCKHOLDERS’ EQUITY
Common stock — no par value 100,000,000 shares authorized, 7,685,706 shares at 3/31/11, 7,685,706 shares at 12/31/10 and 7,687,470 shares at 3/31/10			132,163				132,083				131,960
Retained earnings			(103,944	)			(104,099	)			(88,721	)
Accumulated other comprehensive loss			(1,225	)			(1,025	)			(59	)
Total stockholders’ equity			26,994				26,959				43,180
Total liabilities and stockholders’ equity		$	896,994			$	915,684			$	970,699

DEARBORN BANCORP, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

		Three Months Ended				Three Months Ended
(In thousands, except share data)		3/31/2011				3/31/2010
Interest income
Interest on loans		$	10,369			$	11,778
Interest on securities, available for sale			442				168
Interest on deposits with banks			136				37
Interest on federal funds			1				1
Total interest income			10,948				11,984
Interest expense
Interest on deposits			2,119				3,543
Interest on other liabilities			260				386
Total interest expense			2,379				3,929
Net interest income			8,569				8,055
Provision for loan losses			1,395				100
Net interest income after provision for loan losses			7,174				7,955
Non-interest income
Service charges on deposit accounts			318				343
Fees for other services to customers			35				36
Gain on the sale of loans			22				58
Gain on the sale of securities			—				69
Loss on the sale of real estate owned			(76	)			(11	)
Loss on the write-down of real estate owned			(326	)			(656	)
Other income			102				102
Total non-interest income (loss)			75				(59	)
Non-interest expense
Salaries and employee benefits			3,190				3,119
Occupancy and equipment expense			782				854
FDIC assessment			950				950
Advertising and marketing			33				27
Stationery and supplies			79				72
Professional services			213				166
Data processing			194				186
Defaulted loan expense			1,180				1,035
Other operating expenses			474				359
Total non-interest expense			7,095				6,768
Income before federal income tax expense			154				1,128
Income tax expense			0				0
Net income		$	154			$	1,128
Per share data:
Net income — basic			0.02				0.15
Net income — diluted			0.02				0.15
Weighted average number of shares outstanding — basic			7,645,940				7,645,940
Weighted average number of shares outstanding — diluted			7,645,940				7,645,940

DEARBORN BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED FINANCIAL DATA

		Quarter ended
(Dollars in thousands, except share and per share data)		3/31/2011				12/31/2010				9/30/2010				6/30/2010				3/31/2010
EARNINGS SUMMARY
Net interest income		$	8,569			$	8,818			$	8,750			$	8,456			$	8,055
Provision for loan loss		$	1,395			$	3,575			$	500			$	11,803			$	100
Total non-interest income		$	75				($888	)		$	18				($3,077	)			($59	)
Total non-interest expense		$	7,095			$	7,022			$	7,537			$	7,205			$	6,768
Income taxes (benefit)		$	0				($288	)		$	100			$	0			$	0
Net income (loss)		$	154				($2,379	)		$	631				($13,629	)		$	1,128
Basic earnings per share		$	0.02				($0.31	)		$	0.08				($1.78	)		$	0.15
Diluted earnings per share		$	0.02				($0.31	)		$	0.08				($1.78	)		$	0.15
MARKET DATA
Book value per share		$	3.51			$	3.51			$	3.92			$	3.90			$	5.62
Tangible book value per share		$	3.51			$	3.51			$	3.92			$	3.90			$	5.62
Market value per share		$	1.42			$	1.65			$	1.79			$	1.87			$	1.11
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			7,685,706				7,685,705				7,685,705				7,685,705				7,687,470
PERFORMANCE RATIOS
Return on average assets			0.07	%			-1.02	%			0.27	%			-5.67	%			0.44	%
Return on average equity			2.21	%			-29.72	%			7.92	%			-123.92	%			10.50	%
Net interest margin (FTE)			3.96	%			3.93	%			3.89	%			3.68	%			3.47	%
Efficiency ratio			78.43	%			74.47	%			77.18	%			79.80	%			78.13	%
ASSET QUALITY
Net charge-offs (YTD)		$	1,395			$	23,132			$	17,697			$	15,454			$	4,937
Nonperforming loans		$	120,688			$	115,090			$	112,000			$	113,676			$	114,027
Other real estate		$	22,120			$	21,502			$	25,043			$	23,976			$	24,467
Nonperforming loans to total loans			16.80	%			15.64	%			14.72	%			14.52	%			14.01	%
Nonperforming assets to total assets			15.92	%			14.92	%			14.95	%			14.75	%			14.27	%
Allowance for loan loss to total loans			3.89	%			3.80	%			3.92	%			4.03	%			3.72	%
CAPITAL & LIQUIDITY
Average equity to average assets			3.12	%			3.42	%			3.41	%			4.58	%			4.17	%
Tier 1 capital to risk weighted assets			5.20	%			4.91	%			4.96	%			4.63	%			6.25	%
Total capital to risk weighted assets			6.49	%			6.19	%			6.24	%			6.07	%			7.50	%
Loan to deposit ratio			90.43	%			90.61	%			93.98	%			94.61	%			95.53	%
Loan to funding ratio			83.72	%			84.02	%			87.12	%			87.84	%			88.88	%
END OF PERIOD BALANCES
Total portfolio loans		$	718,187			$	735,851			$	760,683			$	783,032			$	813,961
Earning assets		$	871,514			$	881,750			$	881,847			$	901,519			$	935,639
Total assets		$	896,994			$	915,684			$	916,731			$	933,113			$	970,699
Deposits		$	794,153			$	812,101			$	809,418			$	827,664			$	852,017
Total shareholders’equity		$	26,994			$	26,959			$	30,154			$	29,963			$	43,180
AVERAGE BALANCES
Total portfolio loans		$	729,132			$	750,443			$	772,662			$	801,464			$	826,188
Earning assets		$	880,384			$	893,065			$	892,406			$	926,477			$	941,959
Total assets		$	907,609			$	928,838			$	926,017			$	963,919			$	1,045,938
Deposits		$	802,646			$	820,714			$	818,691			$	844,001			$	854,071
Total shareholders’equity		$	28,278			$	31,761			$	31,593			$	44,114			$	43,567

DEARBORN BANCORP, INC. AND SUBSIDIARY

CONSOLIDATED BALANCE SHEETS

		Quarter Ended
(Dollars, in thousands)		3/31/11				12/31/10				9/30/10				6/30/10				3/31/10
ASSETS
Cash and cash equivalents
Cash and due from banks		$	7,454			$	6,645			$	7,136			$	7,088			$	8,047
Federal funds sold			55				55				56				57				57
Interest bearing deposits with banks			95,801				87,075				70,216				67,056				70,898
Total cash and cash equivalents			103,310				93,775				77,408				74,201				79,002
Mortgage loans held for sale			749				353				572				1,169				758
Securities			53,117				54,811				46,622				46,507				46,267
Federal Home Loan Bank stock			3,605				3,605				3,698				3,698				3,698
Loans
Loans			718,187				735,851				760,683				783,032				813,961
Allowance for loan loss			(27,971	)			(27,971	)			(29,831	)			(31,574	)			(30,288	)
Net loans			690,216				707,880				730,852				751,458				783,673
Bank premises and equipment, net			18,969				19,195				19,415				19,724				19,973
Other real estate			22,120				21,502				25,043				23,976				24,467
Other intangible assets			—				—				—				—				—
Accrued interest receivable			3,310				3,286				3,301				3,181				3,595
Other assets			1,598				11,277				9,820				9,199				9,266
Total assets		$	896,994			$	915,684			$	916,731			$	933,113			$	970,699
LIABILITIES
Deposits
Non-interest bearing deposits		$	95,076			$	88,266			$	87,205			$	91,447			$	86,407
Interest bearing deposits			699,077				723,835				722,213				736,217				765,610
Total deposits			794,153				812,101				809,418				827,664				852,017
Other liabilities
Federal Home Loan Bank advances			63,668				63,716				63,716				63,799				63,799
Other liabilities			1,100				1,692				972				942				956
Accrued interest payable			1,079				1,216				2,471				745				747
Subordinated debentures			10,000				10,000				10,000				10,000				10,000
Total liabilities			870,000				888,725				886,577				903,150				927,519
Total stockholders’ equity			26,994				26,959				30,154				29,963				43,180
Total liabilities and stockholders’ equity		$	896,994			$	915,684			$	916,731			$	933,113			$	970,699

DEARBORN BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENT OF OPERATIONS

		Quarter ended
(Dollars, in thousands)		3/31/2011				12/31/2010				9/30/2010				6/30/2010				3/31/2010
INTEREST INCOME
Interest on loans, including fees		$	10,369			$	11,026			$	11,328			$	11,536			$	11,778
Interest on other earning assets			579				487				391				221				206
Total interest income			10,948				11,513				11,719				11,757				11,984
INTEREST EXPENSE
Interest on deposits			2,119				2,381				2,578				2,925				3,543
Interest on other liabilities			260				314				391				376				386
Total interest expense			2,379				2,695				2,969				3,301				3,929
Net interest income			8,569				8,818				8,750				8,456				8,055
Provision for loan loss			1,395				3,575				500				11,803				100
Net interest income (loss) after provision for loan loss			7,174				5,243				8,250				(3,347	)			7,955
NON-INTEREST INCOME
Deposit service charges			353				388				401				429				379
Gain on the sale of loans			22				101				54				66				58
Loss on the sale or write-down of real estate			(402	)			(1,499	)			(998	)			(3,650	)			(667	)
Other			102				122				561				78				171
Total non-interest income (loss)			75				(888	)			18				(3,077	)			(59	)
NON-INTEREST EXPENSE
Salaries and employee benefits			3,190				3,189				3,050				3,078				3,119
Occupancy and equipment expense			782				767				857				777				854
Other expense			3,123				3,066				3,630				3,350				2,795
Total non-interest expense			7,095				7,022				7,537				7,205				6,768
Income (loss) before income tax provision			154				(2,667	)			731				(13,629	)			1,128
Income tax provision (benefit)			0				(288	)			100				0				0
Net income (loss)		$	154				($2,379	)		$	631				($13,629	)		$	1,128

DEARBORN BANCORP, INC. AND SUBSIDIARY

DEPOSIT INFORMATION

(In thousands)

		March 31
Category		2011				2010
Non-interest bearing
Demand		$	95,075			$	86,407
Interest bearing
Interest Checking		$	71,853			$	79,566
Money market			56,274				57,864
Savings			43,101				44,992
Time, under $100,000			277,615				296,370
Time, $100,000 and over			250,235				286,818
			699,078				765,610
		$	794,153			$	852,017

DEARBORN BANCORP, INC. AND SUBSIDIARY
ASSET QUALITY DATA

(Dollars, in thousands)		3/31/2011				12/31/2010				9/30/2010				6/30/2010				3/31/2010
Troubled debt restructuring		$	48,499			$	48,527			$	39,714			$	38,530			$	31,737
Loans over 90 days past due and still accruing			236				—				—				—				1,127
Non-accrual loans			71,953				66,563				72,286				75,146				81,163
Total non-performing loans			120,688				115,090				112,000				113,676				114,027
Other real estate and other repossessed assets			22,120				21,502				25,043				23,976				24,467
Total non-performing assets		$	142,808			$	136,592			$	137,043			$	137,652			$	138,494
Net charge-offs (year to date)		$	1,395			$	23,132			$	17,697			$	15,454			$	4,937
Allowance for loan losses			27,971				27,971				29,831				31,574				30,288

ASSET QUALITY RATIOS

		3/31/2011				12/31/2010				9/30/2010				6/30/2010				3/31/2010
Non-accrual loans to total loans			10.02	%			9.05	%			9.50	%			9.60	%			9.97	%
Non-performing loans to total loans			16.80	%			15.64	%			14.72	%			14.52	%			14.01	%
Non-performing assets to total assets			15.92	%			14.92	%			14.95	%			14.75	%			14.27	%
Loans over 90 days past due and still accruing to total loans			0.03	%			—	%			—	%			—	%			0.14	%
Net charge-offs to average loans			0.19	%			2.94	%			2.21	%			1.90	%			0.60	%
Allowance for loan losses to non-performing loans			23.18	%			24.30	%			26.63	%			27.78	%			26.56	%
Allowance for loan losses to non-performing assets			19.59	%			20.48	%			21.77	%			22.94	%			21.87	%
Allowance for loan losses to total loans			3.89	%			3.80	%			3.92	%			4.03	%			3.72	%

Dearborn Bancorp, Inc.
Loan Information at March 31, 2011

						Loan Detail																				Other Related Data
						Accruing Loans																				Allowance				Year to Date				Other Real
(In thousands)		3/31/11				Current				TDR				30 to 89 past due				90+ days past due				Non-Accrual				For Loan Losses				Net Charge-Offs				Estate Owned
Consumer Loans		$	25,477			$	23,056			$	0			$	242			$	0			$	2,179			$	1,258				($8	)		$	114
Commercial Loans			106,859				86,091				5,071				2,080				0				13,617				5,943				125				3,310
Land Development — Residential			23,849				10,979				1,980				0				0				10,890				2,309				68				7,791
Land Development — Non Residential			9,596				3,422				4,000				231				0				1,943				1,813				0				1,760
Commercial Construction Loans — Residential			9,835				71				2,462				0				0				7,302				2,015				268				1,405
Commercial Construction Loans — Non Residential			13,222				1,420				11,544				0				0				258				2,179				58				1,314
Commercial Mortgage Loans			491,819				424,535				23,442				8,804				236				34,802				12,307				785				5,886
Residential Mortgage Loans			37,530				36,180				0				388				0				962				147				99				540
Totals		$	718,187			$	585,754			$	48,499			$	11,745			$	236			$	71,953			$	27,971			$	1,395			$	22,120

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