IBT BANCORP, INC.
NEWS RELEASE
APRIL 16, 2003
F O R I M M E D I A T E R E L E A S E
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FOR FURTHER INFORMATION
CONTACT: Sheli L. Fyock
Asst. Vice-President - Marketing
%Irwin Bank & Trust Company
309 Main Street
Irwin, Pennsylvania 15642
Phone: 724-978-2705
Email: sfyock@irwinbank.com
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IBT BANCORP, INC. ANNOUNCES 2nd QUARTER CASH DIVIDEND DECLARED APRIL 15, 2003
IRWIN, PENNSYLVANIA: The Board of Directors of IBT Bancorp, Inc. (AMEX: IRW)
declared a cash dividend of $.35 per share on April 15, 2003. The dividend will
be paid on Wednesday, May 7, 2003 to stockholders of record on April 25, 2003.
This dividend represents a yield of 2.95% based upon a stock price of $47.50 at
the close of business on April 15, 2003.
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 website is www.myirwinbank.com.
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The Company's common stock is traded on the American Stock Exchange under the
symbol "IRW".
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.