EXHIBIT 99.1
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Sistersville Bancorp, Inc.
726 WELLS STREET, P.O. BOX 187
SISTERSVILLE, WV 26175
304-652-3671
FOR IMMEDIATE RELEASE FOR FURTHER INFORMATION CONTACT
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December 8, 2000 Stanley M. Kiser
President and CEO
(304) 652-3671
Sistersville Bancorp, Inc. Announces Stock Repurchase
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Sistersville, WV - Sistersville Bancorp, Inc. (the "Company") the
parent holding company of First Federal Savings Bank (the "Bank"), today
announced that it has received Board approval to initiate a repurchase plan
covering up to 10% or 53,873 shares of the Company's common stock to be
purchased in the open market. The Company currently has 538,739 shares of common
stock outstanding. Mr. Stanley M. Kiser, President and Chief Executive Officer
of the Company, indicated that the repurchases would be made from time to time
in open-market transactions, subject to the availability of stock. The
repurchased shares would be available for general corporate use.
Additionally, the Company announced that the Board of Directors has
declared a $0.20 per share cash dividend payable on January 2, 2001 to
stockholders of record as of the close of business on December 18, 2000. This is
an increase of $0.02 per share compared to the most recent dividend.
First Federal Savings Bank is a federally chartered savings bank. The
Bank's deposits are insured up to the maximum legal amount by the Federal
Deposit Insurance Corporation (FDIC). The Company's common stock is traded in
the over-the-counter market with quotations available through the OTS
"Electronic Bulletin Board" under the symbol "SVBC".
