BSXT Boe Fin Serv of Virginia (MM)

BOE Financial Services of Virginia, Inc. Announces Cash Dividend on Common Stock TAPPAHANNOCK, Va., June 3 /PRNewswire-FirstCall/ -- BOE Financial Services of Virginia, Inc. (NASDAQ:BSXT), parent company of its wholly-owned subsidiary Bank of Essex, announced today that its Board of Directors approved a semi-annual cash dividend on its common stock of $0.35 per share on May 26, 2005. The dividend will be paid on June 30, 2005 to shareholders of record as of June 16, 2005. The $0.35 per share dividend represents an increase of 16.7% over the semi-annual cash dividend paid on June 30, 2004. The Company also paid a per share dividend of $0.33 per share on December 30, 2004. This June 30, 2005 dividend of $0.35 per share represents an increase of 6.1% compared to the cash dividend paid December 30, 2004. Bank of Essex, based in Tappahannock, has six banking offices located in Essex, King William, Hanover and Henrico counties, and the Town of West Point. The bank has total assets of $252 million and offers a broad range of financial services to consumers and businesses. DATASOURCE: BOE Financial Services of Virginia, Inc. CONTACT: Investors: Bruce E. Thomas, Senior Vice President-Chief Financial Officer of BOE Financial Services of Virginia, Inc., +1-804-443-4343, or Web site: http://www.bankofessex.com/

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