Premier Financial Bancorp Receives Approval to Pay May TARP Dividend

Premier Financial Bancorp

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 May 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 May 7, 2012, the FRB and Board of Governors approved Premier's April 12, 2012 request to pay the current $278,150 dividend due May 15, 2012