PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact: Charles G. Urtin
President and CEO
Telephone:724-863-3100
www.myirwinbank.com
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IBT Bancorp, Inc. announces listing on the American Stock Exchange
Irwin, Pennsylvania, March 26, 2003: IBT Bancorp, Inc., (the Company), the
holding company of Irwin Bank & Trust Company, today announced that its
application to list its common stock on the American Stock Exchange (AMEX) has
been approved. The common stock expects to begin trading on April 1, 2003 under
the symbol "IRW".
President and CEO Charles G. Urtin stated "We are excited to have our common
stock traded on the AMEX. We believe the AMEX's auction type market will narrow
bid and ask prices for our common stock and trading on a national exchange will
provide increased liquidity. Large and small shareholders alike should be
pleased".
John McGonegal, Vice President of the Amex's Equities Group said "The American
Stock Exchange is extremely pleased to welcome IBT Bancorp, Inc. on our
exchange." "As the exchange of choice for small and mid-cap companies, IBT
Bancorp's transfer to us is a prime example of the high quality of companies
that the Amex attracts."
IBT Bancorp, Inc. is a Pennsylvania corporation headquartered in Irwin,
Pennsylvania, which provides a full range of commercial and retail banking
services through its wholly owned banking subsidiary, Irwin Bank & Trust
Company. The bank operates through its main office, five branch offices, a loan
center, and a trust office, as well as through five supermarket branches under
the name "Irwin Bank Extra" located in the Pennsylvania counties of Westmoreland
and Allegheny. The bank's web-site is www.myirwinbank.com.
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Statements contained in this news release which are not historical facts are
forward-looking statements as the term is defined in the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements are subject to
risks and uncertainties which could cause actual results to differ materially
from those currently anticipated due to a number of factors, which include, but
are not limited to, factors discussed in documents filed by the Company with the
Securities and Exchange Commission from time to time.