Jeffersonville Bancorp Announces Retirement of Director and Vice Chairman Raymond L. Walter

Jeffersonville Bancorp, Inc. (OTCQB:JFBC) today announced that Director and Vice Chairman Raymond L. Walter will retire from the board of directors of Jeffersonville Bancorp and its wholly-owned subsidiary, Jeff Bank, effective December 31, 2017, after 44 years of service. Mr. Walter previously retired as President and Chief Executive Officer of Jeffersonville Bancorp and Jeff Bank on December 31, 2008. Mr. Walter began his career at Jeff Bank in 1973 and was named Director, President and Chief Executive Officer in 1994.

“We want to thank Ray for more than 44 years of dedicated service to the Bank. His leadership has helped successfully guide us through the many challenges the banking industry has faced throughout his tenure,” stated George W. Kinne, Jr., President and CEO. “Ray has made a tremendous contribution to Jeff Bank and it has been an honor and a privilege to have benefited from his experience and support over these past years. We wish him the best in his retirement and know he will continue to be an advocate for and supporter of the Bank.”

Jeffersonville Bancorp is a one-bank holding company, which owns all the capital stock of Jeff Bank. Jeff Bank maintains twelve full service branches in Sullivan and Orange County, New York located in Anawana Lake Road/Monticello, Eldred, Callicoon, Jeffersonville, Liberty, Livingston Manor, Loch Sheldrake, Monticello, Narrowsburg, Port Jervis, White Lake and Wurtsboro.

For More Information, call:  845-482-4000

Contact:  George W. Kinne, Jr., President – CEO