Jefferson Security Bank Announces Change to Location and Format of Annual Meeting of Shareholders to be Held on April 22, 2020

Jefferson Security Bank JFWV announced today that due to the stay at home orders and the orders to close non-essential businesses issued by the Governors of West Virginia, Maryland and Virginia, the location and format of the Annual Meeting of Shareholders (the "Annual Meeting") of Jefferson Security Bank (the "Company") has been changed. Subject to and in compliance with Governor's Orders and Health Department requirements, the Annual Meeting scheduled for Wednesday, April 22, 2020 at 11:00 a.m. will take place at the Barron Office of Jefferson Security Bank located at 7994 Martinsburg Pike, Shepherdstown, WV 25443. To comply with these orders and to protect you, your fellow shareholders and employees of Jefferson Security Bank from potential exposure to the coronavirus (COVID-19), the Company strongly encourages you to vote by proxy and to not attend the Annual Meeting.

Additional details were provided in the notice of the change in location and format of the Annual Meeting which has been mailed to shareholders of record. For shareholders who have not received this notice please contact Denise Seaver at 304-876-9014 or via email at dseaver@jsb.bank to obtain a copy of the notice.

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.

Offices:

105 East Washington Street, Shepherdstown, WV (304-876-9000)

7994 Martinsburg Pike, Shepherdstown, WV (304-876-2800)

873 East Washington Street, Suite 100, 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)

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