July 30, 2010

Written agreement with Premier Financial Bancorp, Abigail Adams National Bancorp, and Consolidated Bank and Trust Company

For immediate release

The Federal Reserve Board on Friday announced the execution of a Written Agreement by and among Premier Financial Bancorp, Inc., Huntington, West Virginia, a registered bank holding company, Abigail Adams National Bancorp, Inc., Washington, D.C., a registered bank holding company, Consolidated Bank and Trust Company, Richmond, Virginia, a state-chartered member bank, the Federal Reserve Bank of Richmond, and the Virginia State Corporation Commission Bureau of Financial Institutions.

A copy of the Written Agreement is attached.

Last Update: July 30, 2010