Integrity Bank for Business Announces “Overallotment” Phase of Initial Offering

July 15, 2021

Integrity Bank for Business (“Integrity”) is announcing an “overallotment” phase for its initial common stock Offering (the “Overallotment Phase”). The Overallotment Phase will be open only for a limited period of time from July 15, 2021, through August 15, 2021. The purpose of this Overallotment Phase is to accommodate those existing and potential new investors whom we were unable to accommodate in the post-opening phase of our Offering as a result of total investment requests exceeding the available shares. The Overallotment Phase will consist of up to a maximum of additional capital of $3.45 million which is 345,000 shares at the original offering price of $10.00 per share. This is 15% of the total shares sold in the initial Offering to date.

Michael S. Ives, President and CEO of Integrity, commented: “Integrity received such a positive response in the post-opening phase of its Offering that the availability of shares in that phase was quickly exhausted. Integrity is promising our investors, clients, and friends that Integrity will be as responsive to them and as flexible as possible to meet their requests and needs. With that in mind, our Board of Directors determined that Integrity should reopen its initial Offering through an Overallotment Phase to accommodate existing and potential new investors who were unable to participate in the post-opening phase.

Ives noted “The limited purpose and limited time period for the Overallotment Phase are designed to accommodate these investors without distracting Integrity’s management from their operational responsibilities. Accordingly, Integrity is not targeting a specific amount of capital to raise in the Overallotment Phase.”

This press release contains forward-looking statements within the meaning of the federal securities laws relating to the Bank’s offering of its common stock. The words “may,” “will,” “anticipate,” “should,” “believe,” “project” and “expect,” as well as other similar words and expressions of the future, are intended to identify forward-looking statements. These statements are based upon the current expectations and beliefs of the Bank’s management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include market conditions and other factors beyond the Bank's control. In addition, this press release does not constitute an offer to sell or the solicitation of an offer to buy securities nor shall there be any sale thereof in any state in which such offer, solicitation, or sale would be unlawful.

Shares of the Bank’s common stock will represent equity interests in the Bank. An investment in the Bank is not a deposit or an account and is not insured by the FDIC or any other agency or person. You should not invest in this offering unless you can afford to lose some or all of your investment. The Bank’s solicitation for purchases of shares of its common stock has not been approved or disapproved by the FDIC, the Virginia Bureau of Financial Institutions or any federal or state securities regulator, nor have any of them passed on the accuracy or adequacy of the Bank’s stock offering materials. It is illegal to represent otherwise.