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AB&T Financial Corporation Announces Second Quarter 2018 Results

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AB&T Financial Corporation (OTC:ABTO), the parent company of
Alliance Bank & Trust Company, today reported its second quarter 2018
results. For the quarter ended June 30, 2018, net income available to
common shareholders was $221,000 or $0.007 per basic and $0.003 per
diluted common share, compared to net income available to common
shareholders of $111,000 or $0.004 per basic and $0.003 per diluted
common share for the quarter ended June 30, 2017. This $110,000 increase
in earnings was largely attributable to an increase in net interest
income of $48,000 (primarily as a result of increases in investment
yields) and a reduction of other noninterest expense of $77,000 for the
quarter ended June 30, 2018 as compared to the quarter ended June 30,
2017.

Earnings for the first six months of 2018 increased by $170,000 to
$405,000 compared to $235,000 for the same period in 2017. Fully diluted
earnings per common share for the six months ended June 30, 2018 were
$0.013 compared to $0.007 for the same period in 2017.

Total assets at June 30, 2018 were $146.5 million, an increase of $4.2
million or 3.0% from $142.3 million at December 31, 2017. Loans totaled
$99.7 million at June 30, 2018 compared to $100.9 million at December
31, 2017, a decrease of $1.2 million. Total deposits increased to $135.2
million on June 30, 2018, from $127.9 million as of December 31, 2017.
This growth was driven primarily by a $6.8 million or 15.4% increase in
demand deposits. At June 30, 2018, all wholesale funding had been
eliminated from the Bank's balance sheet.

Dan Boyd, President and CEO, commented, "We are pleased with our year to
date profitability for 2018 which reflects the hard work and commitment
of our board of directors, management and staff. A continued focus of
our staff has been on attracting core deposit relationships. Our success
in growing core deposits is directly attributable to Alliance Bank being
the only bank headquartered in the primary 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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