Premier Financial Bancorp, Inc. Receives Approval to Pay February TARP Dividend Premier Financial Bancorp Receives Approval to Pay February TARP Dividend

Premier Financial Bancorp 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 February 15, 2012 on Premier's Series A Preferred Stock owned by the U.S. Treasury under the Troubled Asset Relief Program. In a letter dated February 13, 2012, the FRB and Board of Governors approved Premier's January 19, 2012 request to pay the current $278,150 dividend due February 15, 2012.