Eagle Financial Services, Inc. Announces Stock Repurchase Program

Sep 19, 2011, 11:29 ET from Eagle Financial Services, Inc.

BERRYVILLE, Va., Sept. 19, 2011 /PRNewswire/ -- Eagle Financial Services, Inc. (OTC BULLETIN BOARD: EFSI), the holding company for Bank of Clarke County, whose divisions include Eagle Investment Group, announces that its Board of Directors authorized a program to repurchase up to 150,000 shares of its common stock prior to June 30, 2012 on terms to be approved by the Board of Directors or its Nominating/Corporate Governance Committee from time to time.  The Company intends to purchase the shares from time to time, depending on business and market conditions, stock price, trading restrictions and other factors.

Eagle Financial Services, Inc. reported total assets of $582 million at June 30, 2011. The Bank of Clarke County offers a broad range of commercial banking, retail banking and trust and investment services through 11 bank branches located throughout Clarke and Frederick Counties, as well as the City of Winchester and the Town of Round Hill, VA. The Company's common stock is listed for trading on the Over-the-Counter (OTC) Bulletin Board under the ticker symbol EFSI.

For additional information or questions, please contact:

John R. Milleson, President and Chief Executive Officer, or

Kathleen J. Chappell, Vice President and Chief Financial Officer, or

James W. McCarty, Jr., Vice President and Secretary-Treasurer

Eagle Financial Services, Inc.

2 East Main Street / P.O. Box 391

Berryville, Virginia  22611









Certain information contained in this discussion may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements relate to the Company's future operations and are generally identified by phrases such as "the Company expects," "the Company believes" or words of similar import. Although the Company believes that its expectations with respect to the forward-looking statements are based upon reliable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results, performance or achievements of the Company will not differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. For details on factors that could affect expectations, see the risk factors and other cautionary language included in the Company's Annual Report on Form 10-K for the year ended December 31, 2010, and other filings with the Securities and Exchange Commission.

SOURCE Eagle Financial Services, Inc.