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AB&T Financial Corporation Announces Second Quarter 2017 Results

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AB&T Financial Corporation (OTC:ABTO), the parent company of
Alliance Bank & Trust Company, today reported its second quarter 2017
results. For the quarter ended June 30, 2017, net income available to
common shareholders was $111,000 or $0.004 per basic and $0.003 per
diluted common share, compared to net income available to common
shareholders of $119,000 or $0.004 per basic and diluted common share
for the quarter ended June 30, 2016. This $8,000 decrease in earnings
was largely attributable to a decline in net interest income of $10,000
as a result of a reduction in total loans outstanding for the quarter
ended June 30, 2017 as compared to the quarter ended June 30, 2016.

Earnings for the first six months of 2017 increased by $12,000 to
$235,000 compared to $223,000 for the same period in 2016. Fully diluted
earnings per common share for the six months ended June 30, 2017 were
$0.007 compared to $0.007 for the same period in 2016.

Total assets at June 30, 2017 were $142.0 million, a decrease of $1.5
million or 1.0% from $143.5 million at December 31, 2016. Loans totaled
$101.9 million at June 30, 2017 compared to $106.9 million at December
31, 2016, a decrease of $5.0 million. Total deposits decreased to $116.7
million on June 30, 2017, from $117.4 million as of December 31, 2016
driven primarily by a $4.1 million decrease in wholesale deposits. At
June 30, 2017, wholesale deposits totaled $449,000. Demand deposit
accounts increased from $38.0 million to $39.5 million at June 30, 2017,
an increase of $1.5 million or 4.0% as compared to December 31, 2016.

Non-performing assets decreased to $2.4 million at June 30, 2017 from
$2.9 million at December 31, 2016. This decrease was driven by principal
pay-downs on non-accrual loans and a reduction in other real estate
owned of $35,000 as of December 31, 2016 to zero at June 30, 2017.

Dan Boyd, President and CEO, commented, "Core deposit growth and
sustained emphasis on margin improvements have allowed continued
momentum in earnings as evidenced by six consecutive quarters of
profitability. Additionally, we believe the recent lifting of our
Consent Order dated February 2012 issued jointly by the FDIC and the
North Carolina Office of the Commissioner of Banks, will allow added
flexibility in attaining future growth in the markets we serve."

Alliance Bank & Trust Company, which opened in Gastonia, North Carolina
in 2004, operates four North Carolina banking offices, in Gastonia (2),
Kings Mountain and Shelby.

AB&T Financial Corporation is the parent company of Alliance Bank &
Trust Company, which operates 4 community oriented branches in Gaston
and Cleveland Counties in North Carolina that offer a full array of
banking services. Additional information on Alliance Bank & Trust's
locations and the products and services offered are available at http://www.alliancebanknc.com/.

Information in this news release contains forward-looking statements.
These statements involve risks and uncertainties that could cause actual
results to differ materially, including without limitation as a result
of the effects of future economic conditions, governmental fiscal and
monetary policies, legislative and regulatory changes, the risks of
changes in interest rates, and the effects of competition. AB&T
Financial Corporation does not undertake to update any forward-looking
statements in this news release.

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