Community Bank Declares First Quarter Dividend.

Business Editors

STERLING, Va.--(BUSINESS WIRE)--Jan. 28, 2003

Community Bank of Northern Virginia (Nasdaq:CBNV) announced that the Board of Directors declared from the undivided profits of the Corporation, a dividend of seven cents ($0.07) per share.

The dividend will be payable in cash on March 1, 2003, to Community Bank shareholders of record at close of business on February 15, 2003.

This dividend payout represents an increase of $0.01 per share from the fourth quarter 2002 dividend payment of $0.06 per share. At the present time, Community Bank has 9,956,077 outstanding shares of common stock, which results in a total dividend payout of $696,925.39.

Community Bank of Northern Virginia (www.cbnv.com) began banking activities in 1992 upon receiving its charter from the Virginia State Corporation Commission through the acquisition of assets and liabilities of an existing bank. Community Bank is a full-service banking institution with total assets of $676.2 million as of December 31, 2002.

Currently, the Bank operates eleven branch offices and fourteen automated teller machines. The primary services offered by its 121 employees include retail banking, home banking, and commercial banking.

This press release contains certain forward-looking statements with respect to the plans, objectives, branch expansion, dividend policy, future performance and business of Community Bank of Northern Virginia. These forward-looking statements involve certain risks and uncertainties. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, among others, the following possibilities: (1) competitive pressure in the banking industry increases significantly; (2) changes in the interest rate environment reduce margins; (3) general economic conditions either nationally or regionally are less favorable than expected, resulting in, among other things, a deterioration in credit quality; (4) changes occur in the regulatory environment; (5) changes occur in business conditions; (6) changes occur in the securities markets; (7) the Bank's loan loss reserve to address credit quality concerns may be inadequate, and additional reserves are necessary; (8) strategies to enhance earnings and/or shareholder value are not implemented or fail to have the effects anticipated; and (9) recent bank merger activity may not result in the Bank's realizing its goals of increased market share and additional branch expansion.