[LOGO] Irwin Bank
PRESS RELEASE
FOR IMMEDIATE RELEASE
CONTACT: SHELI L. FYOCK
ASSISTANT VICE PRESIDENT/MARKETING
PHONE: 724-978-2705
EMAIL: SFYOCK@IRWINBANK.COM
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IRWIN BANK & TRUST COMPANY FILES ARTICLES OF AMENDMENT WITH
PENNSYLVANIA DEPARTMENT OF BANKING FOR NAME CHANGE
IRWIN, PENNSYLVANIA, MARCH 16, 2007 (AMEX:IRW): Irwin Bank & Trust Company, a
wholly owned subsidiary of IBT Bancorp, Inc. announces that it filed Articles of
Amendment with the Pennsylvania Department of Banking on or about March 12,
2007. The purpose of said amendment is to change the name of Irwin Bank & Trust
Company to Irwin Bank.
Mr. Urtin, President/CEO stated, "In 2006, Irwin Bank's Management Team took a
long hard look at ourselves to determine if the way we see the Bank - and more
importantly, the way customers see us - accurately portrays who we are, what we
offer, and what makes us unique and a better choice for banking in our
community. We also realized that we had to put forth more of an effort to better
serve our customers if we intended to continue to grow and succeed. We realized
we needed to evolve, just as the banking industry was evolving - to find new
ways to deliver the best possible products and services to our customers.
Realizing that we needed expert advice and counsel to set the benchmark for this
"new" position and culture, Irwin Bank engaged a team of "branding" specialists
to research our market, customer base, banking operations, and our needs for the
future. After long and hard work, they provided a number of recommendations,
including dropping "Trust Company" after the Irwin Bank name. Research findings
showed us that majority of customers referred to us as "Irwin Bank" and not
"Irwin Bank & Trust Company." With that in mind, we put together a new
advertising campaign to get the "New" Brand out to the public. Although our name
has changed, Irwin Bank's commitment to its customers has remained the same."
Irwin Bank (the "Bank") provides a full range of commercial and retail banking
services. Irwin Bank was incorporated in 1922 under the laws of Pennsylvania as
a commercial bank under the name "Irwin Savings & Trust Company." The Bank
engages in a full service mortgage, commercial and consumer banking business, as
well as trust and a variety of deposit services provided to its customers. The
Bank operates through its main office, six branch offices, two loan centers, and
a trust office as well as through three supermarket branches. The Bank's main
office, full service branch offices, loan centers, trust office and supermarket
branches are located in the Pennsylvania counties of Westmoreland and Allegheny.
For more information please visit www.myirwinbank.com.
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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309 MAIN STREET, IRWIN PA 15642
724-978-4500
WWW.MYIRWINBANK.COM