November 18, 2004

FOR IMMEDIATE RELEASE

                                                       Contact: Charles G. Urtin

                                                           Phone: (724) 863-3100

                                                     email: CUrtin@IrwinBank.com



                   CHAIRMAN OF THE BOARD OF DIRECTORS RESIGNS


IRWIN,  PA,  November  18,  2004 - Irwin Bank & Trust  Company,  a wholly  owned
subsidiary of IBT Bancorp,  Inc. (AMEX:  IRW),  today announces that Mr. J. Curt
Gardner has submitted  his  resignation  as a Director of IBT Bancorp,  Inc. and
Irwin Bank & Trust Company, effective immediately.  Mr. Gardner was the Chairman
of the Board of Directors of both companies.

Mr.  Gardner's  tenure as former President and as Chairman is highlighted by the
Company's  consistent  growth and his  personal  commitment  to the  fundamental
principles  of Community  Banking.  He was committed to the  philosophy  that as
community  institutions,  local banks should  provide  leadership  and financial
opportunity to all segments of the population  and  businesses  they serve.  His
legacy  will be  underscored  by that  belief and by the  Company's  outstanding
performance under his leadership.

Mr.  Gardner's  career at Irwin Bank & Trust Company began in 1962. He served as
President  from 1985 until his  retirement in 1999. He became a director in 1980
and was elected Chairman of the Board in 2001.

                                    - more -



Statements  contained in this news release  which are not  historical  facts are
forward-looking  statements  as that 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.

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