News Release

First State Bank Sponsors Financial Literacy Training in Local School

Danville, VA, September 6, 2011 – First State Bank has partnered with GreenPath, a Michigan non-profit organization, to provide a financial literacy training program to the students of Langston High School.  Students at Langston will receive an eight week study course entitled “Banking Is”, which will provide them information on an Introduction to Economics, Personal Budgeting, Checking, Savings , Lending, Credit/Credit Cards and Electronic Banking. 

Kelvin Perry, President and CEO of First State Bank, said regarding this project, “We believe it is important to train our next generation of customers to be responsible financial citizens in our community.  We welcome this opportunity to assist Langston High in helping our students to become more financially literate.”

First State Bank, with $38 million in assets, is the only remaining African-American owned and operated bank in the Commonwealth of Virginia and provides its customers with commercial banking, mortgage and consumer banking products and services. First State Bank serves customers in the City of Danville and throughout Pittsylvania county and neighboring Caswell County, NC through its banking office in Danville at 201 North Union St.

Forward-looking statements

This press release may include forward-looking statements, which reflect First State Bank’s current views with respect to future events and financial performance. Forward-looking statements are not based on historical information, but rather are related to future operations, strategies, financial results or other developments. Forward-looking statements are based on management's expectations as well as certain assumptions and estimates made by, and information available to, management at the time the statements are made. Those statements are based on general assumptions and are subject to various risks, uncertainties and other factors that may cause actual results to differ materially from the views, beliefs and projections expressed in such statements.

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