WINDSOR, VA, April 24, 2015 – Farmers Bankshares, Inc. (FBVA), the Windsor-based holding company for Farmers Bank, is pleased to announce their common stock will begin trading on the OTC Market exchange under the ticker symbol “FBVA”.  They believe this will increase the visibility of their company, and will provide shareholders the opportunity for greater liquidity.

Farmers Bank is proud that FIG Partners, LLC, a banking industry specialist, has committed to providing market making services to their shareholders.

About FIG Partners, LLC

FIG Partners LLC is an Atlanta, GA based employee-owned broker/dealer specializing in financial institutions.  FIG provides market making services to over 700 banks, including 33 community banks located in Virginia.

FIG Partners has assigned Michael Acampora to assist Farmers Bank shareholders with any questions or inquiries regarding market making or FIG Partners.  Mr. Acampora has over 30 years of experience working with community banks and their shareholders.  Please contact Mr. Acampora if you are contemplating buying or selling FBVA shares or would like further information regarding the trading of shares in the bank.  While the Bank is more than happy to speak to their valued shareholders and answer any questions they may have, the Bank will no longer coordinate the buying and selling of shares.   Mr. Acampora’s contact information is below:

Michael Acampora Senior Vice President FIG Partners, LLC 1654 Pearl Street Jacksonville, Fla. 32206 Phone: 904-354-0441 Email: macampora@figpartners.com

First Quarter and Year-to-Date Earnings

Farmers Bankshares, Inc. reports unaudited earnings of $811,296, or $1.33 per share for the first quarter of 2015.  These results are increased approximately 3% from the $786,016, or $1.29 per share, earned during the first quarter of 2014.

Richard J. Holland, Jr., Chairman and Chief Executive Officer, stated, “We are pleased to report these consistent positive results to our shareholders and am proud of the Bank’s position through the first quarter of 2015.”

Return on average assets on an annualized basis of 0.76% for the first quarter of 2015 is comparable to the first quarter of 2014 results of 0.76%.  Return on average equity during the first quarter of 2015 was 8.42% as compared to the  prior year first quarter of 9.34%.

Net interest income increased 2.30% in the first quarter of 2015 compared to first quarter of 2014.  Loan demand  held consistent, however due to seasonal activity, mainly related to agricultural lines of credit, total loans decreased by $2.6 million as compared to December 31, 2014.  Deposit balances decreased 1.02% or $3.5 million to $340 million in the first quarter of 2015 from $344 million as of December 31, 2014.  The slight decrease in deposits is largely due to the cyclical nature of several large municipal deposits.  Non-interest bearing deposits increased 10.70% over the same period last year and now make up approximately 24% of total deposits.  Non-interest income, exclusive of securities transactions, increased 109.90% from first quarter 2014.  Income related to the Bank’s investment in Manry Rawls, LLC contributed $163 thousand of additional income in 2015 over the same period in 2014.  Service charges increased $42 thousand or 54.11% when compared to the first quarter of 2014, due to efforts implemented in the fourth quarter 2014 to bring service charges more in line with their peers.  Non-interest expense increased 6.46% or $168 thousand during the first quarter 2015 compared to same period in 2014.  Salaries and benefits rose 13.84% and loss on other real estate increased by 100.00%.  The major contributing factors in non-interest expense were the costs associated with writing down certain other real estate properties held and employee related recruiting costs.

In March 2015, Farmers Bankshares, Inc. redeemed $925 thousand of capital notes at a price of 102%, plus accrued and unpaid interest.  This transaction was to accommodate investor’s liquidity needs and reduce our debt service obligations.  Even with this transaction, capital ratios at the Bank level remain strong and well above regulatory requirements for “Well Capitalized” financial institutions.  Total risk-based capital to risk weighted assets at Farmers Bank equaled 18.05% as of March 31, 2015.

“We are extremely proud of the progress we have made by focusing on non-interest income.  The diversification of our revenue streams has helped to ease the continuation of compressed net interest margins.  We are also pleased to further service our customers and local community by persistently broadening our financial related offerings” stated Vernon M. Towler, President.

Farmers Bank, founded in 1919, is headquartered in Windsor, VA, and is a full-service community bank which operates six branches throughout Western Tidewater Virginia.  Additional information is available at the company’s website, www.farmersbankva.com.

Contact: Vernon M. Towler – (757) 242-6111, vernon.towler@farmersbankva.com

WINDSOR, VA, March 23, 2015 – Farmers Bankshares, Inc. (FBVA), the Windsor-based holding company for Farmers Bank, announced that the Board of Directors has declared a quarterly dividend of $0.22 per share to holders of common stock of the company.  On an annualized basis the $0.22 per share dividend is increased over the dividend paid in December 2014 by $0.24 per share or 37 percent.

The record date for stockholders entitled to payment of the dividend will be the close of normal trading on April 1, 2015, with payment to occur by April 15, 2015.

The Board of Directors of Farmers Bankshares, Inc. has approved a three for one stock split that will occur in 2015.  An application has been submitted to allow for the company’s stock to be traded on the NASDAQ market as an Over-the-Counter Bulletin Board stock under the symbol FBVA.  We anticipate approval soon; at which time any stockbroker can assist with the purchase of the company’s stock, as well as with sales of holdings.

Farmers Bank, founded in 1919, is headquartered in Windsor, VA, and is a full-service community bank which operates six branches throughout Western Tidewater Virginia.  Additional information is available at the company’s website, www.farmersbankva.com.

Contact:  Richard J. Holland, Jr., Chairman and Chief Executive Officer, 757-450-4420