Page 28 - November 15, 2017 Magazine Style Full page issue

Bank of McKenney and CCB Bankshares, Inc. announce regulatory
approvals for proposed merger

McKenney, Virginia, October 13, 2017 - end of the year. CCB shareholders will increased lending capacity.” The combined bank, which will be
Bank of McKenney (“McKenney”) (OTC receive 0.935 shares of McKenney stock “Employees of both banks have been branded Touchstone Bank*, is expected to
Pink: BOMK) and CCB Bankshares, under the proposed agreement. working well together to ensure a smooth have approximately $442 million in assets,
Inc. (“CCB”) (OTC Pink: CZYB), parent “We are very pleased to receive transition during the merger,” commented $344 million in loans and $381 million in
company of Citizens Community Bank, the regulatory approvals in a timely James R. Black, President and CEO of deposits based on reported financial
announce receipt of regulatory approvals manner which will help us maintain CCB. “We are excited with the opportunity information as of June 30, 2017. It will
from the Commonwealth of Virginia State our goal of closing the merger during of bringing two neighboring community be headquartered in Prince George County,
Corporation Commission and The Federal the fourth quarter”, stated Richard banks together for the benefit of all Virginia in a facility that will consolidate
Reserve Bank of Richmond for the M. Liles, President and CEO of stakeholders; our customers, our management and operations now housed
previously announced proposed merger of McKenney. “We look forward to shareholders and our communities. This in five different locations. There will be 13
equals between the two banks. The merger creating a high-quality bank that will merger allows us to leverage our resources full-service offices and one loan production
is subject to approval by both shareholder continue to serve its communities inways neither bank could achieve on its office located in southeastern Virginia and
groups and is expected to close before the with broader product offerings and own.” northern North Carolina.

Bank of McKenney and Citizens Community Bank

are now officially

Over the next few months, you will start to notice changes to reflect our new brand.
But one thing remains constant - our commitment to provide exceptional service.

YOUR LOCAL COMMUNITY BANK IS GIVING YOU MORE
Touchstone Bank will offer our customers and the community more resources
and new product offerings in the coming months.

FOR NOW, IT’S JUST BUSINESS AS USUAL

While we are now officially Touchstone Bank, it will take a few months to fully integrate
the banks. We anticipate completion of this process in early 2018. In the meantime:
- Continue to bank normally
- Use any Bank of McKenney or Citizens Community Bank ATM
to withdraw cash without transaction fees*
- Continue to use existing checks and credit/debit cards

VISIT TOUCHSTONE.BANK FOR MORE
INFORMATION OR TO SIGN UP FOR UPDATES.

*Other fees or restrictions may apply.

16 NOVEMBER 15, 2017