BSXT Boe Fin Serv of Virginia (MM)

TAPPAHANNOCK, Va., Dec. 1 /PRNewswire-FirstCall/ -- BOE Financial Services of Virginia, Inc. (NASDAQ:BSXT), parent company of its wholly-owned subsidiary Bank of Essex, announced today that on November 17, 2005 its Board of Directors approved an increase in its semi-annual dividend on common stock from $0.35 to $0.38 per share. The dividend will be paid on December 29, 2005 to shareholders of record as of December 14, 2005. The $0.38 per share dividend represents an increase of 8.6% over the semi- annual dividend of $0.35 paid on June 30, 2005. This December 29, 2005 dividend of $0.38 per share represents an increase of 15.2% compared to the $0.33 dividend paid December 30, 2004. The total dividend for the year 2005 of $0.73 per share represents an increase of $0.10 per share, or 15.9%, over the dividend per share of $0.63 in 2004. Bank of Essex, based in Tappahannock, has six banking offices strategically located in Tappahannock, Central Garage, Mechanicsville, West Point and Glen Allen. The bank has total assets of $259 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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