Lyndonville Savings Bank Increases Dividend&Again LYNDONVILLE, VT– Charles Bucknam, President of Lyndonville Savings Bank announced that the Bank will pay a dividend of $.12 per share on July 12, 2004 to stockholders of record June 23, 2004. This represents a 9.0% increase in the dividend and the fourth increase in the past year reflecting continued improvement in the banks earnings. Net income for the six months ended June 30, 2004 (un-audited) amounted to $650,737 compared to $450,314 for the first six months of 2003 representing a 44.0% increase. The annualized return on average assets was 0.89 in the first half of 2004 compared to 0.66 for the same period in 2003. Total assets were $149,857,012 as of June 30, 2004 compared to $138,606,035 as of June 30, 2003. According to Bucknam, the significant year-to-year improvement in earnings is a direct result of improvements in the quality of the banks loan portfolio, a strong investment portfolio, and higher levels of non-interest income. The improvement in earnings was achieved even as the bank and the industry in general, faced continued pressure on net interest margins with the Federal Reserves policy of maintaining historically low interest rates. Bucknam attributes the growth in assets to our staffs continued commitment to deliver quality service and products to customers. Lyndonville Savings Bank stock has recently traded in the $16.00 – $16.25 per share range. The current annual dividend yield is 3.00% based upon a $16.00 per share price. Lyndonville Savings Bank services its customers from branches in Lyndonville, St. Johnsbury, Derby, Vergennes, and Enosburg Falls.