Premier Financial Bancorp Receives Approval to Pay August TARP Dividend

Premier Financial Bancorp (NASDAQ: PFBI), a $1.1 billion bank holding company, with banking locations in Kentucky, Ohio, West Virginia, Virginia, Washington DC, and Maryland announced that it received approval from the Federal Reserve Bank of Richmond and the Federal Reserve Board of Governors to pay the regularly scheduled quarterly dividend due August 15, 2011 on Premier's Series A Preferred Stock owned by the U.S. Treasury under the Troubled Asset Relief Program.