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Jefferson Security Bank Announces Special One-time Dividend in Celebration of 150th Anniversary

SHEPHERDSTOWN, W.Va.–(BUSINESS WIRE)–President and CEO of Jefferson Security Bank (OTCQB: JFWV), Cindy
Kitner, announced at the Annual Meeting of the Shareholders today, April
24, 2019, the Board of Directors approval of a special one-time dividend
in the amount of $0.65 per share. The dividend will be paid on May 17,
2019 to shareholders of record on May 3, 2019. Given the February
semi-annual dividend of $0.85 per share, this brings the total dividends
declared to $1.50 per share so far this year in honor of our 150th
anniversary on May 19, 2019.

“We are proud to be celebrating the Bank’s 150th anniversary
with the announcement of this special dividend. Not only is this a
commemoration of our long history of community banking as the oldest
corporation in West Virginia, but it also serves to show our
appreciation of the support provided by our shareholders,” said Cindy
Kitner, President and CEO.

Jefferson Security Bank, founded in 1869, is a community bank engaged in
the general banking business in Berkeley County and Jefferson County,
West Virginia, and Washington County, Maryland.

This press release may contain forward-looking statements, as defined by
federal securities laws, which may involve significant risks and
uncertainties. The statements are based on estimates and assumptions
made by management in conjunction with other factors deemed appropriate
under the circumstances. Actual results could differ materially from
current projections.

Offices:                               105 East Washington Street, Shepherdstown, WV (304-876-9000)
7994 Martinsburg Pike, Shepherdstown, WV (304-876-2800)
873 East Washington Street, Suite 100, Charles Town, WV
(304-725-9752)
277 Mineral Drive, Suite 1, Inwood, WV (304-229-6000)
1861 Edwin Miller Boulevard, Martinsburg, WV (304-264-0900)
103 West Main Street, Sharpsburg, MD (301-432-3900)

Contacts

Jenna Kesecker
Executive Vice President and Chief Financial Officer
304-876-9016

leverton

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