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Press Releases

October 2, 2008 To All of Our Employees, Clients and Shareholders: We continue to hear ongoing reports of weakness within the financial sector, including the recent failure of the insurance company AIG, receivership and sale of Wachovia Bank as well as the recent merger of local competitors. This, coupled with the major economic recovery plan being considered by the federal government, has been an area of concern for many of you. I am sending this letter to provide you with added assurance about the continued strength and stability of The Bank of Currituck and some straight talk about our condition. The Bank has no exposure to AIG, no exposure to Fannie Mae or Freddie Mac preferred stock, no exposure to Lehman Brothers, no exposure to Wachovia bank. no exposure to Washington Mutal, no exposure to subprime mortgages "aka liar loans", and no exposure to Wall Street investment banks. The Bank's investment portfolio is predominantly comprised of government & municipal securities, which are highly rated. The Bank does not invest in inferior securities or engage in subprime lending. The Bank of Currituck has and will continue our path of conservative lending practices and has the capacity to sevice our loan customer's needs both now and into the future. In fact, our reputation in the market for sustained strength & stability has generated additional opportunities for us on both the loan and deposit sides of the bank. We are lending money and safeguarding deposits. The Bank of Currituck continues to maintain high levels of capital, consistently well above regulatory recommendations. Capital serves as a buffer against a bank's unexpected losses and as a basis for its medium-term growth. An adequately capitalized bank is better able to absorb losses and provide credit to consumers and businesses throughout the business cycle. We are rated "well capitalized" by regulatory standards. This means you can turn to The Bank of Currituck in these tumultuous times and know that our Client's deposits and our Shareholder's investments remain safe and sound. Remember, The Bank of Currituck is The Way to Bank since 1920. The principles that maintained this bank through tough times in the past are still in effect today. In fact, due to the strength of our organization, now is a great time to bring additional deposits here and ask about alternative ways to structure your deposits to provide the maximum level of insurance possible. Thank you for being a part of The Bank of Currituck. Sincerely, Matthew A. R. Converse President & CEO

Community Corner

September 15, 2008

Sea Scape Golf Tournament We dontated $250.00 towards the 27th annual Sea Scape Charity Golf Tournament. The Bank of Currituck's dontation helped sponsor a hole in the tournament. The tournament is helping beneifit the Dare Home Health Hospice & Outer Banks Cancer Support Group. Pictured with the check is Pat Shannon, representative from Sea Scope, Hunter Nelson and Linda Overton.

September 2, 2008

Teaching about saving On September 2, 2008 Pat Shannon along with Marquita Powell, program manager for the ABA Education Foudation, gave a lesson about personal finance to students in Jarvisburg. Her lesson included ways to manage their money along with saving their money. The story was covered by the Daily Advance. Way to go Pat!

August 22, 2008

Albermarle Hospice Regatta The Bank of Currituck donated $250.00 to the 1st Annual Albemarle Hospice Regatta and Party.

June 16, 2008

Historice Jarvisburg Colored School The Bank of Currituck helped sponsor the annual "Enduring History Celebration" event. This gave the school an opprotunity to educate the community and to celebrate the rich African American history here in Currituck County. Pictured to the right is Pat Shannon, Matt Bryne, Ruth Dillard, Marcus Click, Linda Overton, Norma Williams and Jack Crawford.