JFWV JSB Financial Inc (PK)

K. Stephen Morris, President and CEO of Jefferson Security Bank, announced the retirement of Executive Vice President of Lending, M. Wayne Goodrich.

Mr. Goodrich has been employed by Jefferson Security Bank for 35 years. He has served as Executive Vice President of Lending since December 2004.

Karl J. Keller, age 50, has been appointed by the Board of Directors, to the position of Executive Vice President of Lending effective January 11, 2012.

Mr. Keller has 25 years lending experience and has worked at Jefferson Security Bank for 18 years as a commercial loan officer at the Shepherdstown, West Virginia office. Keller is a prior graduate of Shepherd University and holds a masters degree in Public Administration from James Madison University.

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. 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)