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The Middleburg
Bank . . .
FOR IMMEDIATE RELEASE Contact: Joseph L. Boling Independent Community Bankshares, Inc's Subsidiary The Tredegar Trust Company Names New President (Richmond, VA) -- The Tredegar Trust Company, a wholly owned subsidiary of Independent Community Bankshares, Inc., announced today the appointment of John Mason Lee Antrim as president and CEO. "I am pleased to announce that the board of directors has unanimously voted to appoint Mr. Antrim as president and CEO of The Tredegar Trust Company," said Joseph Boling, chairman and CEO of Independent Community Bankshares, Inc. "Mr. Antrim's strategic leadership and focus on providing the highest quality of service to our customers, make him a natural fit to serve as Tredegar's president." Antrim joined the Tredegar team in 1995 in new business development, and most recently served as senior vice president of account administration. Prior to joining Tredegar, he served as president and CEO of Rowlett's Incorporated where he began work in 1977. He continues to provide consulting services to Rowlett's. From 1974 to 1977, Antrim worked at United Virginia Bank. "I am truly honored to be selected by the board of directors at Tredegar to serve as president," said Antrim. "The company is well respected, has a successful track record and a superior staff. Tredegar's strong commitment to personal and high-quality service will remain a top priority of mine, and I look forward to building upon our success." Antrim received a B.A. in History at the University of Virginia and also attended the American Institute of Banking and the Canon Trust School. He is a member of the Trust Administrators Council in Richmond and has served on the boards of various charitable organizations. He and his wife Holly have three children. Independent Community Bankshares, Inc. is headquartered in Middleburg, Virginia and has two wholly owned subsidiaries, The Middleburg Bank and The Tredegar Trust Company as well as an affiliation with Gilkison Patterson Investment Advisors, Inc. The Middleburg Bank serves Loudoun County, Virginia with 5 branches. The Tredegar Trust Company is headquartered in Richmond, Virginia with a branch office in Middleburg, Virginia. As of December 31, 2000, Tredegar held $537.5 million in assets under management. Gilkison Patterson Investment Advisors, Inc. (GPIA) is an investment management firm located in Alexandria, Virginia. Assets under management by GPIA currently exceed $600 million. ICBX has the right to acquire GPIA after July 1, 2001.
INDEPENDENT COMMUNITY BANKSHARES, INC. MIDDLEBURG, VIRGINIA, (March 21, 2001) The board of directors of Independent Community Bankshares, Inc. announces a $.25 per common share cash dividend for shareholders on record as of April 4, 2001 and payable on April 20, 2001. "We are pleased to reward our shareholders with a 19% increase in the dividend for this quarter," said Joseph L. Boling, Chairman and CEO. Independent Community Bankshares' common stock trades on the NASDAQ Small Cap Market under the symbol of ICBX. Independent Community Bankshares, Inc. is headquartered in Middleburg, Virginia and has two wholly owned subsidiaries, The Middleburg Bank and The Tredegar Trust Company as well as an affiliation with Gilkison Patterson Investment Advisors, Inc. The Middleburg Bank serves Loudoun County, Virginia with 5 branches. The Tredegar Trust Company is headquartered in Richmond, Virginia with branch offices in Middleburg and Williamsburg, Virginia. Gilkison Patterson Investment Advisors, Inc. (GPIA) is an investment management firm located in Alexandria, Virginia. Assets under management by GPIA currently exceed $600 million. ICBX has the right to acquire GPIA after July 1, 2001. Contact: Joseph L. Boling, Chairman of the Board &
CEO (540)-687-4220 The Middleburg Bank is a wholly-owned subsidiary of Independent Community Bankshares, Inc. (ICBX) Independent Community Bankshares is headquartered in Middleburg, Virginia and owns one other subsidiary, The Tredegar Trust Company. The Middleburg Bank serves Western Loudoun County with four full service branches and one limited service facility, under the tradition of "large enough to serve you, small enough to know you". The Middleburg Bank was founded in 1924 and is the only community bank in Western Loudoun County. The Tredegar Trust Company serves both Richmond and Middleburg, Virginia markets by providing "19th Century Service with 21st Century Technology". Like The Middleburg Bank, The Tredegar Trust Company prides itself on its commitment and delivery of personalized customer service. Independent Community Bankshares' common stock trades on the NASDAQ small cap market under the symbol of ICBX. For additional information about Independent Community Bankshares, Inc. you may contact Alice Frazier at afrazier@middleburgbank.com. Potential investors may contact any brokerage office to acquire stock or information about Independent Community Bankshares. |
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