SECURITIES EXCHANGE ACT OF 1934
RELEASE NO. 47004 / December 16, 2002
ACCOUNTING AND AUDITING ENFORCEMENT
RELEASE NO. 1693 / December 16, 2002
ADMINISTRATIVE PROCEEDING
FILE NO. 3-10976
The United States Securities and Exchange Commission announced today that it has instituted administrative proceedings against Hamilton Bancorp, Inc. ("Hamilton") to suspend or revoke the registration of its securities for failing to file annual and quarterly reports. Hamilton was the former holding company for Hamilton Bank, N.A., which is currently in receivership with the Federal Deposit Insurance Corporation. According to the Order Instituting Public Proceedings, the Division of Enforcement alleges that Hamilton has failed to file its annual report for December 31, 2001 and quarterly reports since March 31, 2002, as required by Section 13(a) of the Securities Exchange Act of 1934 and the rules thereunder. A hearing will be held before an administrative law judge to determine whether the staff's allegations are true and, if so, to determine whether it is necessary or appropriate for the protection of investors to suspend or revoke the registration of Hamilton's securities.