April 16, 2003
NEWS RELEASE
F O R I M M E D I A T E R E L E A S E
FOR FURTHER INFORMATION
CONTACT: Sheli L. Fyock
Asst. Vice President-Marketing
% Irwin Bank & Trust Company
309 Main Street
Irwin, PA 15642
Phone: 724-978-2705
Email: sfyock@irwinbank.com
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IBT BANCORP, INC. CONDUCTS 2003 ANNUAL MEETING OF STOCKHOLDERS
Irwin, Pennsylvania - IBT Bancorp, Inc. (the "Company"), the holding
company of Irwin Bank & Trust Company, Irwin, Pennsylvania (the "Bank"),
announced that its 2003 Annual Meeting of Stockholders was held on April 15,
2003. At the meeting, Thomas Beter was elected as a director for a one-year term
and Richard J. Hoffman and Edwin A. Paulone were elected as directors, each for
a three-year term. Stockholders also ratified the appointment of Edwards, Sauer
& Owens as independent accountants for the Company for the fiscal year ending
December 31, 2003.
The Company's stock is traded on AMEX under the symbol "IRW." The Bank
is a community oriented bank which offers a variety of savings deposit and other
products to its retail customers. The Bank offers a wide range of real estate,
consumer and commercial loans. The Bank's website is www.myirwinbank.com. As of
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December 31, 2002, the Company had total assets, deposits and stockholders'
equity of $584 million, $527.9 million and $56.2 million, respectively.
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.