NEWS RELEASE
FOR IMMEDIATE RELEASE
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 2004 ANNUAL MEETING OF STOCKHOLDERS
Irwin, Pennsylvania, April 20, 2004, (AMEX: IRW) - IBT Bancorp, Inc.
(the "Company"), the holding company of Irwin Bank & Trust Company, Irwin,
Pennsylvania (the "Bank"), announced that its 2004 Annual Meeting of
Stockholders was held on Tuesday, April 20, 2004. At the meeting, Robert Rebich,
Jr., Grant J. Shevchik and Charles G. Urtin were elected as directors, each for
a three-year term. John N. Brenzia was elected as a director for a two-year
term. Mr. Brenzia currently holds the position of Vice President and Chief
Financial Officer of Irwin Car and Equipment. Prior to his position with Irwin
Car and Equipment, Mr. Brenzia served in the financial department of Elliott
Company, a multi-national manufacturer of heavy machinery. Mr. Brenzia is a new
member to the Board of Directors. He replaces Mr. Thomas Beter who recently
retired from the Board after reaching mandatory retirement age in accordance
with the Company's Bylaws. Stockholders also ratified the appointment of
Edwards, Sauer & Owens as independent accountants for the Company for the fiscal
year ending December 31, 2004.
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, 2003, the Company had total assets, deposits and stockholders'
equity of $629.5 million, $569.9 million and $59.6 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.