An independent community bank serving the Eastern Shore since 1880

Delmarva Bancshares, Inc. Reports Quarterly Dividend of $0.05 Per Share

Cambridge, MD – October 23, 2018 – Delmarva Bancshares, Inc. (“Company”), parent company of 1880 Bank (collectively with the Company, “Delmarva”) announced the Board of Directors has declared a quarterly cash dividend of $0.05 per share to holders of the Company’s Common Stock and Preferred Series A and B Stock. The dividend is payable on October 31, 2018 to shareholders of record on October 1, 2018.

“We, the Board and Management, are excited to announce Delmarva’s first quarterly cash dividend since 2009, said Kim C. Liddell, Chairman and President. Continuation of a quarterly cash dividend represents Delmarva’s financial performance strength and commitment to our shareholders.”

About Delmarva Bancshares, Inc.

Delmarva Bancshares, Inc., a bank holding company headquartered in Cambridge, Maryland, serves the Eastern Shore of Maryland and Delmarva Peninsula through its wholly owned subsidiary, 1880 Bank. The bank has six offices in Cambridge, Easton, Hurlock and Oxford. For additional information, visit our website at www.1880bank.com.

Contact: Kim C. Liddell (443) 225-4727

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