Exhibit 19
January 2011
Dear Shareholder:
Thank you for your continued investment in Botetourt Bankshares, Inc. Our Company has not been immune from the consequences of the recent economic recession and anemic recovery. Yet, we have remained committed to our shareholders by maintaining a dividend in the midst of the financial storm. We appreciate the commitment and confidence you have shown in our Company.
We want to make you aware of a few changes for 2011. As a reporting company to the Securities and Exchange Commission, we must comply with recently adopted FINRA (Financial Industry Reporting Authority, Inc.) rules. In the past, our Company’s dividend declaration date and record date were identical. However, this is no longer possible in order to comply with a new FINRA rule which requires us to report our dividend declaration 10 days prior to the record date. As a result, we have had to slightly modify record dates and dividend payment dates. We will generally pay our dividend around the 18th day of February, May, August, and November. A schedule for 2011 is below for your convenience.
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Declaration Date | | Record Date | | Dividend Payable Date |
| January 26, 2011 | | February 9, 2011 | | February 18, 2011 |
| April 27, 2011 | | May 11, 2011 | | May 18, 2011 |
| July 27, 2011 | | August 10, 2011 | | August 18, 2011 |
| October 26, 2011 | | November 9, 2011 | | November 18, 2011 |
In addition, if you are a participant in our Company’s Dividend Reinvestment and Stock Purchase Program, we have had to make a minor amendment to our plan in order for each participating shareholder to benefit under the IRS Cost Basis regulations. To meet the IRS definition to permit averaging cost basis for DRP plans, our plan will require partial dividend reinvestments to be a minimum of 10% of the dividend paid. The full amended plan prospectus denoting the changes to dividend payable dates and minimum dividend reinvestment can be found atwww.sec.gov,www.bankofbotetourt.com, orwww.rtco.com.
If you are currently not participating in our Dividend Reinvestment and Stock Purchase Plan, we would like for you to consider enrolling. The Plan provides a simple and cost effective method for increasing your stock ownership in the Company. Additionally, you would help the company grow capital locally as we have been philosophically opposed to participating in governmental programs. An enrollment form is enclosed.
Do not hesitate to call us should you have questions and make a resolution to enroll in our DRIP plan in 2011!
Sincerely,
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| H. Watts Steger, III | | | | G. Lyn Hayth, III | | | | Michelle A. Alexander |
| Chairman & CEO | | | | Secretary | | | | SVP & CFO |
Enclosure
