Community Bankers Acquisition Corp. Announces Fiscal Year End Results

Business Wire, Feb 15, 2008

GREAT FALLS, Va. -- Community Bankers Acquisition Corp. (the "Company") (AMEX:BTC) announced today its results of operations for the period from April 1, 2007 to December 31, 2007. For the period from April 1, 2007 to December 31, 2007, interest income on its trust fund investments, including interest allocable to shares subject to possible conversion, amounted to $1,933,962. This resulted in net income for the period April 1, 2007 to December 31, 2007 of $1,105,034 or net income per share, basic and diluted, of $0.12 and $0.09, respectively.

The aggregate amount of cash and United States treasury securities held in the trust fund as of December 31, 2007, was $58,452,512.

As previously announced, the Company has entered into a definitive agreement and plan of merger providing for the merger of TransCommunity Financial Corporation ("TFC") with and into the Company. In addition, as previously announced, the Company has entered into a definitive agreement and plan of merger with BOE Financial Services of Virginia, Inc. ("BOE") providing for the merger of BOE with and into the Company. Each of the mergers is subject to customary closing conditions, including approval by each corporation's shareholders and the appropriate regulatory agencies.

About Community Bankers Acquisition Corp.

Headquartered in Great Falls, Virginia, Community Bankers Acquisition Corp. is a blank check company whose objective is to merge with or acquire an operating business in the banking industry.

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Additional Information About the Mergers and Where to Find It

In connection with the proposed mergers, CBAC has filed with the Securities and Exchange Commission (the "SEC") a registration statement on Form S-4 to register the shares of CBAC Common Stock to be issued to the shareholders of TFC and will file with the SEC a registration statement on Form S-4 to register the shares of CBAC common stock to be issued to the shareholders of BOE. Each registration statement will include a joint proxy statement/prospectus, which will be sent to the shareholders of CBAC and of TFC or BOE, as applicable, seeking their approval of the applicable merger. In addition, TFC, BOE and CBAC may file other relevant documents concerning the proposed mergers with the SEC.

WE URGE INVESTORS AND SECURITY HOLDERS TO READ THE REGISTRATION STATEMENTS ON FORM S-4 AND THE JOINT PROXY STATEMENT/PROSPECTUSES INCLUDED WITHIN THE REGISTRATION STATEMENTS AND ANY OTHER RELEVANT DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED MERGERS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT BOE, TFC, CBAC AND THE PROPOSED TRANSACTION. Investors and security holders may obtain free copies of these documents through the website maintained by the SEC at http://www.sec.gov. Free copies of the joint proxy statement/prospectus relating to the proposed merger of CBAC with TFC also may be obtained by directing a request by telephone or mail to: TransCommunity Financial Corporation, 4235 Innslake Drive, Glen Allen. VA 23060, Attention: Investor Relations (telephone: (804) 934-9999), or by accessing TFC's website at http://www.TCFCorp.com under "Investor Relations" Free copies of the joint proxy statement/prospectus relating to the proposed merger of CBAC with BOE also may be obtained by directing a request by telephone or mail to: BOE Financial Services of Virginia, Inc., 1325 Tappahannock Blvd, P.O. Box 965, Tappahannock, VA 22560, Attention: Investor Relations (telephone: (804) 443-4343), or by accessing BOE's website at http://www.bankofessex.com under "Investor Relations." Free copies of both joint proxy statement/prospectus also may be obtained by directing a request by telephone or mail to: Community Bankers Acquisition Corporation, 9912 Georgetown Pike, Suite D203, Great Falls, VA 22066, Attention: Investor Relations (telephone : (703) 759-0751). The information on BOE's and TFC's websites is not, and shall not be deemed to be, a part of this release or incorporated into other filings either company or CBAC makes with the SEC.

TFC, BOE and CBAC and their respective directors, executive officers and members of management may be deemed to be participants in the solicitation of proxies from the shareholders of TFC and BOE, as applicable, and/or CBAC in connection with the merger. Information about the directors and executive officers of TFC is set forth in the proxy statement for TFC's 2007 annual meeting of shareholders filed with the SEC on April 23, 2007. Information about the directors and executive officers of BOE is set forth in the proxy statement for BOE's 2007 annual meeting of shareholders filed with the SEC on April 13, 2007. Information about the directors and executive officers of CBAC is set forth in the Annual Report on Form 10-K filed with the SEC on June 29, 2007. Additional information regarding the interests of these participants and other persons who may be deemed participants in the merger may be obtained by reading the joint proxy statement/prospectus regarding the merger when it becomes available.