SCHEDULE 14A
(Rule 14a-101)

INFORMATION REQUIRED IN PROXY STATEMENT

SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )

Filed by the registrant |X|
Filed by a party other than the registrant |_|

Check the appropriate box: |_| Confidential, For Use of
|_| Preliminary proxy statement the Commission Only (as
|X| Definitive proxy statement permitted by Rule 14a-6(e)(2))
|_| Definitive additional materials
|_| Soliciting material pursuant to Rule 14a-12

SISTERSVILLE BANCORP, INC.
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(Name of Registrant as Specified in Its Charter)

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(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of filing fee (Check the appropriate box):

|X| No fee required
|_| Fee computed on table below per Exchange Act Rules 14a-6(i)(l) and 0-11.

(1) Title of each class of securities to which transaction applies:
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(2) Aggregate number of securities to which transaction applies:
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(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee
is calculated and state how it was determined):
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(4) Proposed maximum aggregate value of transaction:
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(5) Total fee paid:
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|_| Fee paid previously with preliminary materials:

|_| Check box if any part of the fee is offset as provided by Exchange
Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
paid previously. Identify the previous filing by registration statement number,
or the form or schedule and the date of its filing.

(1) Amount previously paid:
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(2) Form, schedule or registration statement no.:
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(3) Filing party:
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(4) Date filed:
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June 10, 2003

Dear Fellow Stockholder:

On behalf of the Board of Directors and management of Sistersville Bancorp,
Inc., (the "Company"), I cordially invite you to attend the 2003 Annual Meeting
of Stockholders to be held at the Company's office at 726 Wells Street,
Sistersville, West Virginia at 9:00 a.m. on July 17, 2003. The attached Notice
of Annual Meeting and Proxy Statement describe the formal business to be
transacted at the Annual Meeting. During the Meeting, I will report on the
operations of the Company. Directors of the Company as well as a representative
of S.R. Snodgrass, A.C., certified public accountants, will be present to
respond to any questions stockholders may have.

WHETHER OR NOT YOU PLAN TO ATTEND THE MEETING, PLEASE SIGN AND DATE THE
ENCLOSED PROXY CARD AND RETURN IT IN THE ACCOMPANYING POSTAGE-PAID ENVELOPE AS
PROMPTLY AS POSSIBLE. This will not prevent you from voting in person at the
Meeting, but will assure that your vote is counted if you are unable to attend
the Meeting. YOUR VOTE IS VERY IMPORTANT.

Sincerely,

/s/ Stanley M. Kiser
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Stanley M. Kiser
President

SISTERSVILLE BANCORP, INC.
726 WELLS STREET
SISTERSVILLE, WEST VIRIGNIA 26175

NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD ON JULY 17, 2003

NOTICE IS HEREBY GIVEN that the 2003 Annual Meeting of Stockholders (the
"Meeting") of Sistersville Bancorp, Inc. ("the Company"), will be held at the
Company's office at 726 Wells Street, Sistersville, West Virginia on July 17,
2003, at 9:00 a.m. for the following purposes:

1. To elect two directors of the Company; and

2. To transact such other business as may properly come before the Meeting or
any adjournments thereof.

The Board of Directors is not aware of any other business to come before the
Meeting. Stockholders of record at the close of business on May 23, 2003 are the
stockholders entitled to vote at the Meeting and any adjournments thereof.

WHETHER OR NOT YOU PLAN TO ATTEND THE MEETING, YOU ARE REQUESTED TO SIGN, DATE
AND RETURN THE ENCLOSED PROXY WITHOUT DELAY IN THE ENCLOSED POSTAGE-PAID
ENVELOPE. ANY SIGNED PROXY GIVEN BY YOU MAY BE REVOKED BY FILING WITH THE
SECRETARY OF THE COMPANY A WRITTEN REVOCATION OR A DULY EXECUTED PROXY BEARING A
LATER DATE. IF YOU ARE PRESENT AT THE MEETING, YOU MAY REVOKE YOUR PROXY AND
VOTE IN PERSON ON EACH MATTER BROUGHT BEFORE THE MEETING. HOWEVER, IF YOU ARE A
STOCKHOLDER WHOSE SHARES ARE NOT REGISTERED IN YOUR OWN NAME, YOU WILL NEED
ADDITIONAL DOCUMENTATION FROM YOUR RECORD HOLDER TO VOTE IN PERSON AT THE
MEETING.

BY ORDER OF THE BOARD OF DIRECTORS

/s/ Cynthia R. Carson
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Cynthia R. Carson
Secretary

Sistersville, West Virginia
June 10, 2003

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IMPORTANT: THE PROMPT RETURN OF PROXIES WILL SAVE THE COMPANY THE EXPENSE OF
FURTHER REQUESTS FOR PROXIES IN ORDER TO INSURE A QUORUM AT THE MEETING. A
SELF-ADDRESSED ENVELOPE IS ENCLOSED FOR YOUR CONVENIENCE. NO POSTAGE IS REQUIRED
IF MAILED IN THE UNITED STATES.
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PROXY STATEMENT
OF
SISTERSVILLE BANCORP, INC.
726 WELLS STREET
SISTERSVILLE, WEST VIRGINIA 26175

ANNUAL MEETING OF STOCKHOLDERS
JULY 17, 2003
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GENERAL
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This Proxy Statement is furnished in connection with the solicitation of
proxies by the Board of Directors of Sistersville Bancorp, Inc. (the "Company")
to be used at the 2003 Annual Meeting of Stockholders of the Company which will
be held at the Company's office at 726 Wells Street, Sistersville, West
Virginia, on July 17, 2003 at 9:00 a.m. local time (the "Meeting"). The
accompanying Notice of Annual Meeting of Stockholders and this Proxy Statement
are first being mailed to stockholders on or about June 10, 2003.

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VOTING AND REVOCABILITY OF PROXIES
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If the enclosed proxy card is properly signed and returned, your shares
will be voted on all matters that properly come before the Meeting for a vote.
If instructions are specified in your signed proxy card with respect to the
matters being voted upon, your shares will be voted in accordance with your
instructions. If no instructions are specified in your signed proxy card, your
shares will be voted "FOR" the election of the nominees named in Proposal I and
will be voted according to the discretion of the proxy holders as to any other
matters that may properly come before the Meeting (including any adjournment).
Your proxy may be revoked at any time prior to being voted by: (i) filing with
the secretary of the Company (the "Secretary") written notice of such
revocation, (ii) submitting a duly executed proxy card bearing a later date, or
(iii) attending the Meeting and giving the Secretary notice of your intention to
vote in person.

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VOTING SECURITIES AND PRINCIPAL HOLDERS THEREOF
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Stockholders of record as of the close of business on May 23, 2003 (the
"Record Date"), are entitled to one vote for each share of common stock of the
Company (the "Common Stock") then held. As of the Record Date, the Company had
393,833 shares of Common Stock issued and outstanding.

The Company's Certificate of Incorporation provides that in no event shall
any record owner of any outstanding Common Stock which is beneficially owned,
directly or indirectly, by a person who beneficially owns in excess of 10% of
the then outstanding shares of Common Stock (the "Limit") be entitled or
permitted to any vote with respect to the shares held in excess of the Limit.
Beneficial ownership is determined pursuant to the definition in the Certificate
of Incorporation and includes shares beneficially owned by such person or any of
his or her affiliates (as such terms are defined in the Certificate of
Incorporation), or which such person or any of his or her affiliates has the
right to acquire upon the exercise of conversion rights or options and shares as
to which such person or any of his or her affiliates or associates have or share
investment or voting power, but neither any employee stock ownership or similar
plan of the Company or any subsidiary, nor any trustee with respect thereto or
any affiliate of such trustee (solely by reason of such capacity of such
trustee), shall be deemed, for purposes of the Certificate of Incorporation, to
beneficially own any Common Stock held under any such plan.

The presence in person or by proxy of at least a majority of the
outstanding shares of Common Stock entitled to vote (after subtracting any
shares held in excess of the Limit) is necessary to constitute a quorum at the
Meeting. In

the event there are not sufficient votes for a quorum or to ratify any proposals
at the time of the Meeting, the Meeting may be adjourned in order to permit the
further solicitation of proxies.

As to the election of directors, the proxy card being provided by the Board
enables a stockholder to vote for the election of the nominees proposed by the
Board, or to withhold authority to vote for the nominee being proposed.
Directors are elected by a plurality of votes of the shares present in person or
represented by proxy at a meeting and entitled to vote in the election of
directors.

As to all other matters that may be properly considered at the Meeting, the
affirmative vote of the majority of shares present in person or represented by
proxy at the Meeting and entitled to vote on the subject matter constitutes
stockholder approval, unless otherwise required by the Company's Certificate of
Incorporation.

Security Ownership of Certain Beneficial Owners

Persons and groups owning in excess of 5% of the Common Stock are required
to file certain reports regarding such ownership pursuant to the Securities
Exchange Act of 1934, as amended (the "1934 Act"). The following table sets
forth, as of the Record Date, persons or groups who own more than 5% of the
Common Stock and the ownership of all executive officers and directors of the
Company as a group. Other than as noted below, management knows of no person or
group that owns more than 5% of the outstanding shares of Common Stock at the
Record Date.

Percent of Shares
Amount and Nature of of Common Stock
Name and Address of Beneficial Owner Beneficial Ownership Outstanding
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First Federal Savings Bank 50,508 12.83%
Employee Stock Ownership Plan
726 Wells Street
Sistersville, West Virginia 26175 (1)

Jeffrey L. Gendell 42,500 10.80%
Tontine Financial Partners, L.P.
200 Park Avenue, Suite 3900
New York, New York 10166 (2)

Stanley M. Kiser 37,102 9.04%
726 Wells Street
Sistersville, West Virginia 26175 (3)

Warren A. Mackey 37,100 9.42%
767 Fifth Avenue, 5th Floor
New York, New York 10153 (4)

John W. Spence, III 20,000 5.08%
Spence Limited, L.P.
4712 Clendenin Road
Nashville, Tennessee 37220 (5)

All directors and executive officers of the 92,629 21.56%
Company as a group (6 persons) (6)
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(Footnotes start on next page.)

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(1) The ESOP purchased such shares for the exclusive benefit of plan
participants with funds borrowed from the Company. These shares are held in
a suspense account and are allocated among ESOP participants annually on
the basis of compensation as the ESOP debt is repaid. The Bank's board of
directors (The "Bank" board) has appointed a committee consisting of
directors Miller, LaRue, Thistle, and Melrose to serve as the ESOP
administrative committee ("ESOP Committee") and to serve as the ESOP
trustees ("ESOP Trustees"). The ESOP Committee or the Board instructs the
ESOP trustees regarding investment of ESOP plan assets. The ESOP Trustees
must vote all shares allocated to participants' accounts under the ESOP as
directed by participants. Unallocated shares and shares for which no timely
voting direction is received, will be voted by the ESOP Trustees as
directed by the Bank's Board or the ESOP Committee. As of the Record Date,
25,744 shares have been allocated under the ESOP to participant accounts.

(2) Based upon a Schedule 13G filed with the Securities and Exchange Commission
dated February 14, 2001 for which shared voting and dispositive power is
shown with respect to 42,500 shares.

(3) Includes options to purchase 16,535 shares of Common Stock granted pursuant
to the 1998 Stock Option Plan, exercisable as of the Record Date, and 1,326
shares of Common Stock representing RSP shares vesting within 60 days of
the Record Date.

(4) Based upon a Schedule 13D filed with the Securities and Exchange
Commission, dated March 30, 2000, for which shared voting and dispositive
power is shown with respect to 37,100 shares.

(5) Based upon a Schedule 13D filed with the Securities and Exchange
Commission, dated December 19, 2002, for which shared voting and
dispositive power is shown with respect to 20,000 shares.

(6) Includes shares of Common Stock held directly as well as by spouses or
minor children, in trust and other indirect ownership, over which shares
the individuals effectively exercise sole voting and investment power,
unless otherwise indicated. Includes options to purchase 35,847 shares of
Common Stock granted pursuant to the 1998 Stock Option Plan, exercisable
within 60 days of the Record Date, and 2,971 shares of Common Stock
representing RSP shares vesting within 60 days of the Record Date. Excludes
39,884 shares held by the ESOP (50,508 shares minus 10,624 shares allocated
to executive officers) and 7,811 shares held by the RSP (26,457 shares
minus 18,646 shares earned at the Record Date) over which certain
directors, as trustees to the ESOP and the RSP, exercise shared voting
power. Such individuals serving as trustees disclaim beneficial ownership
with respect to RSP and ESOP shares.

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SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE
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Section 16(a) of the 1934 Act requires the Company's officers and
directors, and persons who own more than ten percent of the Common Stock, to
file reports of ownership and changes in ownership of the Common Stock, on Forms
3, 4 and 5, with the Securities and Exchange Commission and to provide copies of
those Forms 3, 4 and 5, to the Company. Based upon a review of the copies of the
forms furnished to the Company, or written representations from certain
reporting persons that no Forms 5 were required, the Company believes that all
Section 16(a) filing requirements applicable to its officers and directors were
complied with during the year ended March 31, 2003.

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PROPOSAL I - ELECTION OF DIRECTORS
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The Company's Certificate of Incorporation requires that the Board of
Directors be divided into three classes, as nearly equal in number as possible,
each class to serve for a three-year period, or until their successors are
elected and qualified, with approximately one-third of the directors elected
each year. The Board of Directors currently consists of five members. Two
directors will be elected at the Meeting to serve a three-year term, as noted
below, or until his respective successor has been elected and qualified.

Charles P. LaRue and Stanley M. Kiser have been nominated by the Board of
Directors to serve as directors, for a three-year term to expire in 2006. Both
are currently members of the Board of Directors. It is intended that proxies
solicited by the Board of Directors, unless otherwise specified, will be voted
for the election of the named nominees. If a nominee is unable to serve, the
shares represented by all valid proxies will be voted for the election of such
substitute as the Board of Directors may recommend. At this time, the Board of
Directors knows of no reason why the nominees might be unavailable to serve.

The following table sets forth information with respect to the nominees and
the other sitting directors, including their names, ages, terms of and length of
Board service, and the number and percentage of shares of the Common Stock
beneficially owned. Each director of the Company is also a member of the Board
of Directors of the Bank. Beneficial ownership of executive officers and
directors of the Company, as a group, is shown under "Voting Securities and
Principal Holders Thereof - Security Ownership of Certain Beneficial Owners."

Shares of
Common Stock
Age at Year First Current Beneficially Percent
March 31, Elected or Term to Owned as of of
Name and Title 2003 Appointed (1) Expire Record Date (2) Class
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BOARD NOMINEE FOR TERM TO EXPIRE IN 2006

Charles P. LaRue 70 1977 2003 14,630(3)(4) 3.7%
Director

Stanley M. Kiser 48 1994 2003 37,102(5) 9.0%
President, Chief Executive
Officer and Chairman

DIRECTORS CONTINUING IN OFFICE

Ellen E. Thistle 88 1961 2004 8,055(3)(4) 2.0%
Director

David W. Miller
Director 70 1967 2004 15,555(3)(4) 3.9%

Michael A. Melrose 35 2000 2005 2,112(3)(6) 0.5%
Director

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(1) Refers to the year individual first became a director of the Company or the
Bank.
(2) Includes shares of Common Stock held directly as well as by spouses or
minor children, in trust, and other indirect ownership, over which shares
the individuals effectively exercise sole or shared voting and investment
power, unless otherwise indicated.
(3) Excludes 50,508 shares and 7,811 shares of Common Stock held under the ESOP
and RSP, respectively, for which such individual serves as a member of the
ESOP Committee, ESOP Trust, and the RSP Trust. Such individual disclaims
beneficial ownership with respect to shares held in a fiduciary capacity.
See "Voting Securities and Principal Holders Thereof."
(4) Includes 3,968 shares of Common Stock subject to options that are
exercisable as of the Record Date, and 319 shares of common stock
representing RSP shares vesting within 60 days of the Record Date.
(5) Includes 16,535 shares of Common Stock subject to options that are
exercisable as of the Record Date, and 1,326 shares of common stock
representing RSP shares vesting within 60 days of the Record Date.
(6) Includes 794 shares of common stock subject to options that are exercisable
within 60 days of Record Date, and 159 shares of common stock representing
RSP shares vesting within 60 days of the Record Date.

Biographical Information

Set forth below is certain information with respect to the directors,
including director nominees and executive officers of the Company. In June,
1997, all directors of the Bank became directors of the Company. Executive
officers receive compensation from the Bank. See "-- Executive Compensation."
All directors and executive officers have held their present positions for five
years unless otherwise stated.

Charles P. LaRue retired as a vice-president after 39 years of service to
the Wiser Oil Company in March 1993. He has been a director of the Bank since
1977.

Stanley M. Kiser has been employed with the Bank since October, 1993 as its
President and Chief Executive Officer. He was elected by the Board to serve as
Chairman in November 2001. He has been a member of the Board of Directors since
1994.

Ellen E. Thistle has been a member of the Board of Directors since 1961 and
served as Corporate Secretary from 1947 through 1982. Ms. Thistle was employed
by the Bank from 1936 to 1982 and is now retired.

David W. Miller, a retired pharmacist, is the former president of Miller
Pharmacy, located in Sistersville. Mr. Miller has been a director of the Bank
since 1967.

Michael A. Melrose was elected by the Board of Directors to complete the
unexpired term of Gary L. Ward, who retired from the Board effective April 20,
2000. Mr. Melrose is a registered representative with Signator Financial
Network, a position he has held since 1990.

Cynthia R. Carson, age 53, has been employed by the Bank since 1976. Ms.
Carson currently serves as the Corporate Secretary and as a Vice-President of
the Bank. Prior to holding these offices, she served as Mortgage Loan Officer
and Corporate Secretary.

Meetings and Committees of the Board of Directors

The Board of Directors conducts its business through meetings of the Board.
During the fiscal year ended March 31, 2003, the Board of Directors held twelve
meetings. No director attended fewer than 75% of the total meetings of the Board
of Directors and committee on which such director served during the year ended
March 31, 2003.

The Board of Directors of the Company does not have a nominating committee.
In place of a nominating committee, the Board as a whole selects the nominees of
the Board to be elected as directors.

The Bank's Board of Directors has a standing Compensation Committee which
consists of all members of the Board of Directors. The Compensation Committee
met once during the year ended March 31, 2003.

The Company has a standing Audit Committee comprised of non-employee
directors, each of whom has been determined to be independent under the rules of
the Nasdaq stock market. The Audit Committee adopted a written charter on
October 17, 2002, a copy of which is attached hereto as Appendix A. Michael A.
Melrose is Chairman of the Audit Committee. The Audit Committee also meets with
the Company's independent accounting firm to discuss the results of the annual
audit and any related matters. The Audit Committee met twice during the year
ended March 31, 2003.

Audit Fees. The aggregate fees billed by S.R. Snodgrass, A.C. ("Snodgrass")
for professional services rendered for the audit of the Company's annual
financial statements and for the review of the financial statements included in
the Company's Quarterly Reports on Form 10-QSB for the fiscal years ended March
31, 2003 and 2002 were $28,025 and $26,200, respectively.

Audit Related Fees. There were no fees billed by Snodgrass for assurance
and related services related to the performance of the audit of the Company's
annual financial statements and to the review of the financial statements in the
Company's Form 10-QSB filings for the years ended March 31, 2003 and 2002.

Tax Fees. The aggregate fees billed by Snodgrass for professional services
rendered for tax compliance, tax advice and tax planning for the years ended
March 31, 2003 and 2002 were $3,000 and $3,150, respectively. Such tax-related
services consisted in both years of tax return preparation and consultation.

All Other Fees. The aggregate fees billed by Snodgrass for professional
services rendered for services or products other than those listed under the
captions "Audit Fees," "Audit-Related Fees," and "Tax Fees" totaled $1,850 for
the year ended March 31, 2003, and consisted of a procedural audit of the Bank's
Parkersburg branch office, consultation services provided in connection with the
Bank's adoption of the Directors Consultation and Retirement Plan and
consultation services provided in connection with disclosure controls and
procedures. For the year ended March 31, 2002, Snodgrass did not provide any
services or products other than those listed under the captions "Audit Fees,"
and "Tax Fees."

Subsequent to the fiscal year ended March 31, 2003, the Audit Committee
adopted pre-approval policies and procedures pursuant to which all audit and
non-audit services are pre-approved by the Audit Committee before the auditor is
engaged to perform such services. Thus, none of the services rendered by the
auditor for the fiscal years ended March 31, 2003 or 2002, as described above,
were pre-approved.

Report of the Audit Committee

For the fiscal year ended March 31, 2003, the Audit Committee (i) reviewed
and discussed the Company's audited financial statements with management, (ii)
discussed with the Company's independent auditor, Snodgrass, all matters
required to be discussed under Statement on Auditing Standards No. 61, and (iii)
received from Snodgrass disclosures regarding Snodgrass's independence as
required by Independence Standards Board Standard No. 1 and discussed with
Snodgrass its independence. Based on the foregoing review and discussions, the
Audit Committee recommended to the Board of Directors that the audited financial
statements be included in the Company's Annual Report on Form 10-KSB for the
fiscal year ended March 31, 2003.

Audit Committee: Michael A. Melrose, Chairman, Ellen E. Thistle, David W.
Miller and Charles P. LaRue.

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DIRECTOR AND EXECUTIVE OFFICER COMPENSATION
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Director Compensation

The Company does not presently compensate its directors. Each director of
the Company is also a director of the Bank. Members of the Board of Directors of
the Bank received fees of $400 per meeting attended. Non-employee directors
receive $50 for attendance at each committee meeting. The President and
Chairman, Mr. Kiser, does not receive Board fees nor committee fees.

On July 16, 1998 (the "effective date of grant"), under the 1998 Stock
Option Plan (the "Option Plan") and the Bank's Restricted Stock Plan (the
"RSP"), each director was awarded stock options and RSP shares. Under the Option
Plan, each director was granted options to purchase shares of common stock at
$15.8125 per share. Under the RSP, each director was awarded shares of common
stock. Option shares are exercisable and RSP shares are earned at the rate of
20% on the effective date of the grant and 20% per year thereafter. (1) Under
the Option Plan and RSP, Stanley M. Kiser, the President and Chief Executive
Officer, was awarded 16,535 options and 6,614 RSP shares. Each of the directors
was awarded 3,968 options and 1,587 RSP shares. Mr. Melrose, who was elected to
serve as a director in April, 2000, was awarded 794 RSP shares and was granted
options to purchase 1,984 shares of common stock at $13.975 per share by the
Board in July 2001.

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(1) All RSP participants agreed to defer vesting of RSP shares following the
vesting of the third 20% on July 16, 2000 until a future date to be
determined by the RSP Committee. Vesting was recommenced by the RSP
Committee in August 2001. With the exception of Mr. Melrose (see above),
final vesting will take place on July 16, 2003. The RSP Committee is made
up of non-employee directors.

Executive Officer Compensation

The Company has no full-time employees, but relies on the employees of the
Bank for the limited services required by the Company. All compensation paid to
officers and employees is paid by the Bank.

Summary Compensation Table. The following table sets forth the cash and
non-cash compensation awarded to or earned by Stanley M. Kiser, the chairman,
president and chief executive officer. No executive officer of either the Bank
or the Company had a salary and bonus during the year ended March 31, 2003 that
exceeded $100,000 for services rendered in all capacities to the Bank or the
Company.

Annual Compensation
-------------------
Long-term
Compensation
Awards and
Name and Principal Fiscal Other Annual All Other
Position Year Salary Bonus Compensation(1) Compensation(2)
- ---------------------- ------ ------- ------- --------------- ---------------

Stanley M. Kiser 2003 $76,688 $2,160 $35,790
Chairman and President 2002 $74,043 $1,730 $21,704
2001 $68,500 $1,511 $3,600 $16,956

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(1) Consists of directors' fees. Effective January 2001, Mr. Kiser no longer
receives directors' fees.
(2) For 2003, represents 1,373 shares allocated through the ESOP valued at
$16.25 per share at the closing share price on March 31, 2003, and $11,700
accrued for Mr. Kiser under the Bank's Directors Consultation and
Retirement Plan adopted on July 1, 2002 and the Bank's contribution of
$1,779 to Mr. Kiser's account under the Bank's 401(k) plan adopted on
October 1, 2002. For 2002 and 2001, represents 1,229 shares and 1,256
shares allocated through the ESOP valued at $17.66 per share and $13.50 per
share at the closing share price on March 31, 2002 and 2001, respectively.

Stock Awards. The following table sets forth additional information
concerning the year-end value of options previously awarded to the Company's
president and chief executive officer.

Aggregated Option/SAR Exercises in Last Fiscal Year, and FY-End Option/SAR Values (1)
--------------------------------------------------------------------------------------

Number of Securities Value of Unexercised
Underlying Unexercised In-The-Money
Options/SARs at Options/SARs
Shares Acquired FY-End (#) at FY-End ($)
Name on Exercise (#) Value Realized ($) Exercisable/Unexercisable Exercisable/Unexercisable
- ---- --------------- ------------------ ------------------------- -------------------------

Stanley M. Kiser N/A N/A 16,535/0 7,234/0

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(1) No stock appreciation rights are authorized under the stock option plan.
(2) Based upon an exercise price of $15.8125 per share and market closing price
of $ 16.25 at March 31, 2003.

Employment Agreement. The Bank has entered into an employment agreement
with Stanley M. Kiser, President of the Bank ("Agreement"). Mr. Kiser's base
salary under the Agreement is $80,000. The Agreement has a term of three years
and may be terminated by the Bank for "just cause" as defined in the Agreement.
If the Bank terminates Mr. Kiser without just cause, Mr. Kiser will be entitled
to a continuation of his salary from the date of termination through the
remaining term of the Agreement. The Agreement contains a provision stating that
in the event of the termination of employment in connection with a change in
control of the bank, Mr. Kiser will be paid, by installment or by lump sum, an
amount equal to 2.99 times his five-year average annual taxable compensation.
The Agreement may be renewed annually by the Bank's Board of Directors upon a
determination of satisfactory performance within the Board's sole discretion. If
Mr. Kiser becomes disabled during the terms of the Agreement, he shall continue
to receive payment of 100% of the base salary for a period of 12 months and 60%
of such base salary for the remaining term of such Agreement. Such payments
shall be reduced by any other benefit payments made under other disability
programs in effect for the Bank's employees.

Board of Directors Change in Control Severance Plan. On January 18, 2001,
the Board of Directors adopted a change in control severance plan. Under the
terms of the plan, members of the Board of the Company shall be paid severance
equal to $1,200 per year of service or partial year of service upon change of
control in which the Company is not the surviving entity. Years of service on
the Bank's Board of Directors prior to 1997, at which time each director of the
Bank became a director of the Company, shall be included in a director's total
years of service. The minimum benefit under the plan is $4,800. The plan was
amended on June 20, 2002, whereby no severance will be paid for service of less
than twenty years.

Board of Directors Consultation and Retirement Plan. On June 20, 2002, the
Board of Directors adopted a consultation and retirement plan. Under the terms
of the plan, members of the Board, upon retirement with completion of a minimum
of seven years service, shall receive payment of $1,200 per month for a number
of months equal to the total number of years of service. The number of monthly
payments shall not exceed twenty months.

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CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
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The Bank, like many financial institutions, has followed a policy of
granting various types of loans to officers, directors, and employees. The loans
have been made in the ordinary course of business and on substantially the same
terms, including interest rates and collateral, as those prevailing at the time
for comparable transactions with the Bank's other customers, and do not involve
more than the normal risk of collectibility, or present other unfavorable
features.

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AUDITORS
- --------------------------------------------------------------------------------

S. R. Snodgrass, A. C. was the Company's auditors for the fiscal year ended
March 31, 2003. The Company's audit committee pre-approved the selection of S.R.
Snodgrass, A.C. as the Company's auditors and for non-audit services including
tax compliance, tax advice and tax planning for the fiscal year ended March 31,
2004, and the Board of Directors has approved this selection. A representative
of S.R. Snodgrass, A.C. is expected to be present at the Meeting and will
respond to stockholders' questions or make a statement.

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OTHER MATTERS
- --------------------------------------------------------------------------------

The Board of Directors does not know of any other matters that are likely
to be brought before the Meeting. Under the Bylaws of the Company, no new
business or proposals submitted by stockholders shall be acted upon at the
Meeting unless such business or proposal was stated in writing and filed with
the Secretary by May 19, 2003.

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MISCELLANEOUS
- --------------------------------------------------------------------------------

The cost of soliciting proxies will be borne by the Company. The Company
will reimburse brokerage firms and other custodians, nominees and fiduciaries
for reasonable expenses incurred by them in sending proxy materials to the
beneficial owners of Common Stock. In addition to solicitations by mail,
directors, officers, and regular employees of the Company may solicit proxies
personally or by telegraph or by telephone without additional compensation.

- --------------------------------------------------------------------------------
STOCKHOLDER PROPOSALS
- --------------------------------------------------------------------------------

In order to be considered for inclusion in the Company's proxy statement
for next year's annual meeting of stockholders, all stockholders proposals must
be submitted to the Secretary at the Company's office, 726 Wells Street,
Sistersville, West Virginia 26175, on or before February 11, 2004. Under the
Bylaws of the Company, stockholder nominations for director and stockholder
proposals not included in the Company's proxy statement, in order to be
considered for possible action by stockholders at the next year's annual meeting
of stockholders, must be submitted to the Secretary of the Company, at the
address set forth above, no later than May 18, 2004. In addition, stockholder
nominations and stockholder proposals must meet other applicable criteria set
forth in the Bylaws of the Company in order to be considered at next year's
annual meeting of stockholders.

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FORM 10-KSB
- --------------------------------------------------------------------------------

A COPY OF THE COMPANY'S ANNUAL REPORT ON FORM 10-KSB FOR THE FISCAL YEAR ENDED
MARCH 31, 2003, WILL BE FURNISHED WITHOUT CHARGE TO STOCKHOLDERS AS OF THE
RECORD DATE UPON WRITTEN REQUEST TO THE SECRETARY, SISTERSVILLE BANCORP, INC.,
726 WELLS STREET, POST OFFICE BOX 187, SISTERSVILLE, WEST VIRGINIA, 26175.

BY ORDER OF THE BOARD OF DIRECTORS

/s/ Cynthia R. Carson
---------------------------------------
Cynthia R. Carson
Secretary

Sistersville, West Virginia
June 10, 2003

APPENDIX A

SISTERSVILLE BANCORP, INC.
CHARTER - AUDIT COMMITTEE

MISSION STATEMENT

The committee's role is to oversee all material aspects of Sistersville
Bancorp, Inc.'s (the "Company") financial reporting, internal control, and audit
functions, including a particular focus on the qualitative aspects of financial
reporting to stockholders, on compliance with significant applicable legal,
ethical, and regulatory requirements and to ensure the objectivity of the
financial statements. The role also includes maintenance of strong, positive
working relationships with management, external auditors, and counsel.

ORGANIZATION

COMMITTEE COMPOSITION. The committee shall consist of at least four
non-employee board members. Committee appointments, including selections of the
committee chairperson, shall be approved annually by the full board.

MEETINGS. The committee shall meet at least quarterly. Additional meetings
shall be scheduled as considered necessary by the committee or chairperson. A
quorum of the committee shall be declared when a majority of the appointed
members of the committee are in attendance.

EXTERNAL RESOURCES. The committee shall be authorized to access internal
and external resources, as the committee requires, to carry out its
responsibilities.

ROLES AND RESPONSIBILITIES

COMMUNICATION WITH THE BOARD OF DIRECTORS AND MANAGEMENT

- The chairperson and others on the committee shall, to the extent
appropriate, have contact throughout the year with senior management,
external auditors and legal counsel, as applicable, to strengthen the
committee's knowledge of relevant current and prospective business
issues, risks and exposures. This will include requests by the
committee that members of management, counsel, and the external
auditors, as applicable, participate in committee meetings, as
necessary, to carry out the committee's responsibilities.

- The committee, with input from management and other key committee
advisors, shall develop an annual plan, which shall include an agenda
and procedures for the review of the company's quarterly financial
data, its year end audit, the procedures and results of the internal
audit and the review of the independence of its accountants.

- The committee, through the committee chairperson, shall report
periodically, as deemed necessary, but at least annually, to the full
board.

- The committee shall make recommendations to the full board regarding
the compensation to be paid to the external auditors and its views
regarding the retention of the auditors for the upcoming fiscal year.

REVIEW OF THE EXTERNAL AUDIT

- The Committee shall meet with the external auditors, at least
annually, who shall report all relevant issues to the committee.

- The external auditors, in their capacity as independent public
accountants, shall be responsible to the board of directors and the
audit committee as representatives of the stockholders.

- The committee shall review the annual financial statements, including
the overall scope and focus of the annual audit. This review should
include a determination of whether the annual financial statements are
complete and consistent with the information known to committee
members. This review shall also include a review of key financial
statement issues and risks, their impact or potential effect on
reported financial information, the processes used by management to
address such matters, related auditor views, and the basis for audit
conclusions. Any important conclusions concerning the year-end audit
work should be discussed well in advance of the public release of the
annual financial statements.

- The committee shall annually review the performance (effectiveness,
objectivity, and independence) of the external auditors. The committee
shall ensure receipt of a formal written statement from the external
auditors consistent with standards set by the Independence Standards
Board. Additionally, the committee shall discuss with the auditor
relationships or services that may affect auditor objectivity or
independence. If the committee is not satisfied with the auditors'
assurances of independence, it shall take or recommend to the full
board appropriate action to ensure the independence of the external
auditor.

- The committee shall review any important recommendations on financial
reporting, controls, other matters, and management's response.

- If the external auditors identify significant issues relative to the
overall board responsibility that have been communicated to management
but, in their judgment, have not been adequately addressed, they
should communicate these issues to the committee.

REPORTING TO STOCKHOLDERS

- The committee should be briefed on the processes used by management in
producing its interim financial statements and review and discuss with
management any questions or issues concerning the statements. Any
important issues on interim financial statements should be discussed
well in advance of the public release of the interim financial
statements.

- The committee will ensure that management requires that the external
auditors review the financial information included in the Company's
interim financial statements before the Company files its quarterly
reports with the Securities and Exchange Commission.

- The committee shall review all major financial reports in advance of
filings or distribution, including the annual report.

- The committee shall annually provide a written report of its
activities and findings, a copy of which shall be included within the
proxy statement for the annual meeting. The report shall appear over
the names of the audit committee. Such report shall be furnished to
and approved by the full board of directors prior to its inclusion in
the proxy statement. The report will state whether the committee: (i)
has reviewed and discussed the audited financial statements with
management; (ii) has discussed with the independent auditors the
matters to be discussed by Statement of Auditing Standards No. 61;
(iii) has received the written disclosures and the letter from the
independent auditors regarding the independence required by
Independence Standards Board Standard No. 1; (iv) has discussed with
the auditors their independence; and (v) based on the review and
discussion of the audited financial statements with management and the
independent auditors, has determined that the audited financial
statements are to be included in the Company's annual report on Form
10-KSB. The report appearing in the proxy statement shall avail itself
of the safe harbors in paragraph(C)of Item 306 of Regulation S-B and
paragraph (e) (v) of Schedule 14 A under the Securities Exchange Act
of 1934, as amended, ("Exchange Act") unless the full board has
determined, after being fully informed, that the report, or any
portion thereof, be treated as "soliciting material" or "filed" under
Regulation 14 A or 14 C or be incorporated into a document filed under
the Securities Act of 1933, as amended, or the Exchange Act.

- The Company shall disclose that the committee is governed by a written
charter, a copy of which has been approved by the full board of
directors. The

committee shall review the charter annually, assess its adequacy and
propose appropriate amendments to the full board of directors. A copy
of the charter shall be filed as an appendix to the proxy statement at
least every three years.

REGULATORY EXAMINATIONS

- The committee shall review the results of examinations by regulatory
authorities and management's response to such examination.

COMMITTEE SELF ASSESSMENT AND EDUCATION

- The committee shall review, discuss, and assess its own performance as
well as the committee role and responsibilities, seeking input from
senior management, the full board, and others.

- The committee shall review significant accounting and reporting
issues, including recent professional and regulatory pronouncements
and understand their impact on the Company's business, results of
operation and financial statements.

While the committee has the responsibilities and powers set forth in this
Charter, it is not the duty of the committee to plan or conduct audits. It is
the duty of the committee to conduct investigations, to resolve disagreements,
if any, between management and the independent auditor and to assure compliance
with laws and regulations.

As adopted on October 17, 2002

- --------------------------------------------------------------------------------
SISTERSVILLE BANCORP, INC.
726 WELLS STREET
SISTERSVILLE, WEST VIRGINIA 26175
- --------------------------------------------------------------------------------
ANNUAL MEETING OF STOCKHOLDERS
JULY 17, 2003
- --------------------------------------------------------------------------------

The undersigned hereby appoints the Board of Directors of Sistersville
Bancorp, Inc. (the "Company"), or its designee, with full powers of
substitution, to act as attorneys and proxies for the undersigned, to vote all
shares of Common Stock of the Company which the undersigned is entitled to vote
at the 2003 Annual Meeting of Stockholders (the "Meeting"), to be held at the
Company's office at 726 Wells Street, Sistersville, West Virginia, on July 17,
2003 at 9:00 a.m. and at any and all adjournments thereof, in the following
manner:

- --------------------------------------------------------------------------------

--- Please mark your
A X votes as indicated
--- in this example.

FOR WITHHELD
--- --------

1. The election of a director
whose term expires in 2006.

Charles P. LaRue [ ] [ ]
Stanley M. Kiser [ ] [ ]

(Instruction: To withhold your vote for either nominee, write that nominee's
name on the line provided below)

- --------------------------------------------------------------------------------

In their discretion, such attorneys and proxies are authorized to vote on any
other business that may properly come before the Meeting or any adjournments
thereof.

The Board of Directors recommends a vote "FOR" the above listed nominees.

- --------------------------------------------------------------------------------
THIS PROXY WILL BE VOTED AS DIRECTED, BUT IF NO INSTRUCTIONS ARE SPECIFIED, THIS
PROXY WILL BE VOTED FOR EACH OF THE ABOVE NOMINEES. IF ANY OTHER BUSINESS IS
PRESENTED AT SUCH MEETING, THIS PROXY WILL BE VOTED BY THOSE NAMED IN THIS PROXY
IN THEIR BEST JUDGMENT. AT THE PRESENT TIME, THE BOARD OF DIRECTORS KNOWS OF NO
OTHER BUSINESS TO BE PRESENTED AT THE MEETING.
- --------------------------------------------------------------------------------

THIS PROXY IS SOLICITED BY THE BOARD OF DIRECTORS

Should the undersigned be present and elect to vote at the Meeting, or at
any adjournments thereof, and after notification to the Secretary of the Company
at the meeting of the stockholder's decision to terminate this Proxy, the power
of said attorneys and proxies shall be deemed terminated and of no further force
and effect. The undersigned may also revoke this Proxy by filing a subsequently
dated Proxy or by written notification to the Secretary of the Company of his or
her decision to terminate this Proxy.

The undersigned acknowledges receipt from the Company prior to the
execution of this proxy of a Notice of Annual Meeting of Stockholders, a Proxy
Statement dated June 10, 2003 and the Annual Report.

Dated: , 2003
-------------------

- --------------------------------- -------------------------------------
PRINT NAME OF STOCKHOLDER PRINT NAME OF STOCKHOLDER

- --------------------------------- -------------------------------------
SIGNATURE OF STOCKHOLDER SIGNATURE OF STOCKHOLDER

Please sign exactly as your name appears on this Proxy. When signing as
attorney, executor, administrator, trustee, or guardian, please give your full
title. If shares are held jointly, each holder should sign.

- --------------------------------------------------------------------------------
PLEASE COMPLETE, DATE, SIGN, AND MAIL THIS PROXY PROMPTLY IN THE ENCLOSED
POSTAGE-PREPAID ENVELOPE.
- --------------------------------------------------------------------------------