PREM Premier Comm Bankshares (MM)

Premier Community Bankshares, Inc. Included in Bank and Thrift Sm-All Stars - Class of 2005 WINCHESTER, Va., July 15 /PRNewswire-FirstCall/ -- Premier Community Bankshares, Inc. (NASDAQ:PREM) announced today its inclusion in the prestigious Sandler O'Neill & Partners, L.P. Bank and Thrift Sm-All Stars -- Class of 2005. Sandler O'Neill, an investment banking firm headquartered in New York that specializes in financial institutions, selected 38 companies that the firm believes to be the top performing publicly traded small-cap banks and thrifts in the nation. "Recognition from the banking industry experts at Sandler O'Neill is truly an honor," stated Donald L. Unger, President and Chief Executive Officer. Sandler O'Neill looked at all 573 publicly traded banks and thrifts with market capitalization below $2 billion. Their evaluation focused on earnings and balance sheet growth trends, profitability, credit and asset quality and capital strength. Sandler O'Neill believes the 38 companies named will be the next crop of leading mid-cap banks and thrifts. "The inclusion among the top-performing community banks in the nation reflects the success of the business strategy that has served us so well in the past, and will continue to follow going forward," said Mr. Unger. Premier Community Bankshares, Inc. is the parent company of The Marathon Bank, Rockingham Heritage Bank and Premier Bank (to open July 18, 2005), which operates 17 offices in the Shenandoah Valley. The branches are serving the counties of Frederick, Clarke, Shenandoah, Warren, Rockingham, Augusta, the cities of Winchester, Harrisonburg, Waynesboro, and Staunton in Virginia, and will be serving the counties of Berkeley and Jefferson and the city of Martinsburg. Statements concerning future performance, events, expectations for growth and market forecasts, and any other guidance on future periods, constitute forward-looking statements that are subject to a number of risks and uncertainties that might cause actual results to differ materially from stated expectations. The information contained in this release should be read in conjunction with the consolidated financial statements and notes included in Premier's most recent reports on Form 10-K and Form 10-Q, as filed with the Securities and Exchange Commission, as they may be amended from time to time. Results of operations for the most recent quarter are not necessarily indicative of operating results for any future periods. Any projections in this release are based on limited information currently available to management, which is subject to change. Although any such projections and the factors influencing them will likely change, the bank will not necessarily update the information, since management will only provide guidance at certain points during the year. Such information speaks only as of the date of this release. Additional information on these and other factors that could affect our financial results are included in filings by Premier with the Securities and Exchange Commission. DATASOURCE: Premier Community Bankshares, Inc. CONTACT: Donald L. Unger, President and CEO, +1-540-869-6600, or John K. Stephens, Chairman, +1-540-432-9300, both of Premier Community Bankshares, Inc.

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