JFWV JSB Financial Inc (PK)

The Board of Directors of Jefferson Security Bank (OTCBB: JFWV), at its December 16, 2009 meeting, declared a cash dividend of $0.30 per share for the second half of 2009 to be paid on January 15, 2010 to shareholders of record on December 31, 2009. The decision was made to reduce the dividend due to reduced earnings; however, the Bank believes the payout ratio for 2009 will be approximately 45% of net income and should remain consistent with the payout ratio of prior years. In view of the economic conditions in the market served by Jefferson Security Bank and the current regulatory environment, the Board of Directors believes it is in the best interest of the Bank and its shareholders to reduce the dividend at this time.

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. The Bank currently has six offices.

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. Readers are encouraged to read filings the Bank has made with the Federal Deposit Insurance Corporation for additional information.

Offices:   105 East Washington Street, Shepherdstown, WV (304-876-9000) 7994 Martinsburg Pike, Shepherdstown, WV (304-876-2800) 873 East Washington Street, 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)