Exchange National Bancshares, Inc. of Jefferson City, Missouri, Announces Re-Election of Directors

Exchange National Bancshares of Jefferson City, Mo.
(Nasdaq:EXJF), announced that at today's Annual Meeting of
Shareholders, voters re-elected Charles G. Dudenhoeffer, Jr., Philip
D. Freeman and James E. Smith as Class I directors to serve three-year
terms expiring 2008.
   Charles G. Dudenhoeffer, Jr. has served as a Director of Exchange
National Bancshares since its formation in 1993. Prior to his
retirement, Mr. Dudenhoeffer served as Senior Vice President of our
Company from 1993 until 2000. Philip D. Freeman has also served as a
Director of Exchange National Bancshares since its 1993 formation. He
is presently the owner of Freeman Mortuary in Jefferson City. James E.
Smith has served as a Director of Exchange National Bancshares since
1997 and is currently serving as chairman and chief executive officer
of our Company.
   Other members of the eight-member board include President David T.
Turner, David R. Goller, James R. Loyd, Kevin L. Riley and Dr. Gus S.
Wetzel, II. The Company's three member advisory directorate is
composed of former Chairman and Chief Executive Officer Donald L.
Campbell, Harold G. Butzer and Julius S. Wall.

   Exchange National Bancshares, Inc., a multi-bank holding company
headquartered in Jefferson City, Missouri, is the parent company of
The Exchange National Bank of Jefferson City with locations in
California, Tipton and St. Robert; Citizens Union State Bank & Trust
of Clinton with locations in Springfield, Lee's Summit, Branson,
Windsor, Collins and Osceola; Bank 10 with locations in Belton,
Drexel, Harrisonville, Independence and Raymore; and Osage Valley Bank
of Warsaw.

   Statements made in this press release that suggest Exchange
National Bancshares' or management's intentions, hopes, beliefs,
expectations, or predictions of the future include "forward-looking
statements" within the meaning of Section 21E of the Securities and
Exchange Act of 1934, as amended. It is important to note that actual
results could differ materially from those projected in such
forward-looking statements. Additional information concerning factors
that could cause actual results to differ materially from those
projected in such forward-looking statements is contained from time to
time in the company's quarterly and annual reports filed with the
Securities and Exchange Commission.