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director, officer: Chairman of Board until June 28th, 2013
HomeTown Bankshares Corp – News Release For more information contact: William R. Rakes, Chairman, 540-983-9374 Susan K. Still, President and CEO, 540-278-1705 HomeTown Bankshares Declares Dividend and Elects Directors Roanoke, VA May 18, 2010 (May 21st, 2010)

HomeTown Bankshares Corporation announced at its annual shareholder’s meeting that the Board of Directors voted to declare a 10% stock dividend. The dividend will be paid to shareholders of record as of June 18, 2010 and will be paid on July 19, 2010. The dividend will increase shares outstanding by approximately 294,500. William R. Rakes, Chairman of the Company’s Board of Directors, commented “We are pleased our board has voted to declare a stock dividend for our shareholders. In declaring the stock dividend, the Board of Directors wants to recognize and reward the loyalty and confidence of its ownership base. This dividend is evidence of our belief in the strength of our Company and our faith in the communities we serve.”