JFWV JSB Financial Inc (PK)

President and CEO of Jefferson Security Bank (OTCBB:JFWV), K. Stephen Morris, announced that the Board of Directors has approved a semiannual dividend in the amount of $0.50 per share, payable on December 15, 2010 to shareholders of record as of November 30, 2010.

The timing of this payment, which is based on earnings for the second six months of 2010, is different from previous payments applicable to the same period in prior years. Previously, dividend payments, applicable to earnings for the second six months of each year, were paid in January of the following year. The Board of Directors has decided to continue semiannual dividend payments. The payment dates in the future will be on or about June 15, based on anticipated earnings from January 1 through June 30, and December 15, based on anticipated earnings from July 1 through December 31, of the applicable year.

As a result of this change, shareholders who have owned Jefferson Security Bank common stock since December 31, 2009 through the current date of record of November 30, 2010 will receive three dividend payments in 2010, paid as follows:

$ 0.30                       January 15, 2010 $ 0.50 July 15, 2010 $ 0.50 December 15, 2010

Accordingly, for 2010, total dividends paid will be $1.30 per share. In future years, there will be two dividend payments per year.

Jefferson Security Bank, founded in 1869, is a community bank engaged in 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. 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)