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Burke & Herbert Bank Declares Quarterly Dividend

Shareholders to Receive Payments on December 1

Alexandria, VA, October 16 – Burke & Herbert Bank announced today that at the meeting of its Board of Directors held on October 15, a regular cash dividend of $20 per share was declared, to be paid on December 1, 2015 to shareholders of record as of the close of business on November 13, 2015. The per-share dividend of $20 represents an increase of $1 per share from the dividend paid in the previous quarter and is equal to the dividend paid during the same quarter last year. Dividends paid for 2015 total $74 per share, equal to the sum of the payments made in 2014.

"Our dividend announcement today reflects Burke & Herbert Bank's continued solid performance as well as our strong capital positon," said E. Hunt Burke, the Bank's Chairman & Chief Executive Officer. "We are pleased to be able to deliver value for our shareholders as we continue our work to make Burke & Herbert Bank the Bank of Choice for consumers and businesses throughout Northern Virginia."

Burke & Herbert Bank posted net income of $7.1 million for the third quarter of 2015, bringing year-to-date earnings to $22.2 million. As of September 30, 2015, the Bank's assets reached $2.68 billion, $59.5 million or 2.3% ahead of assets at September 30, 2014. The Bank's net loan portfolio, the primary driver of income for the Bank, stood at $1.39 billion on September 30, 2015, $116.7 million or 9.1% ahead of the same time last year. The Bank's total deposits reached $2.22 billion at quarter-end, reflecting growth of 2.5% since September 30, 2014.

Burke & Herbert Bank, established in 1852, is the oldest bank in the Commonwealth of Virginia and the oldest continuously operating bank in the Washington, D.C. area. The Bank offers a full range of personal and business banking products along with investment accounts and trust and wealth management products and services. Burke & Herbert Bank is headquartered in Alexandria and operates 25 branches in Northern Virginia.

Member FDIC

Trust products and services are not deposits, are not insured by the FDIC or any other government agency, are not guaranteed by the Bank and may lose value.

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