JSB Financial Inc. (OTCPK: JFWV), the holding company of Jefferson Security Bank, announced that its Board of Directors’ declared a semi-annual dividend at its August 16, 2023 meeting in the amount of $1.15 per share. This is the first semi-annual dividend declared following the formation of JSB Financial Inc. on July 31, 2023. The cash dividend is payable on September 15, 2023, to shareholders of record on August 31, 2023.

About JSB Financial Inc.

JSB Financial Inc. (OTCPK: JFWV) is the holding company for Jefferson Security Bank, an independent community bank operating six banking offices located in Berkeley County and Jefferson County, West Virginia and Washington County, Maryland. Founded in 1869, Jefferson Security Bank serves individuals, businesses, municipalities and community organizations through a comprehensive suite of banking services delivered by an exceptional team who put customers first. Jefferson Security Bank has received industry recognition as a Top 200 Community Bank by American Banker magazine four years in a row. Operating for over 154 years, Jefferson Security Bank is the oldest, independent, locally-owned and managed bank in West Virginia. Visit www.JSB.bank for more information

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.

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