IMPORTANT INFORMATION FOR STOCKHOLDERS 

On November 30, 2007, Virginia Savings Bancorp, Inc., a Virginia corporation, (“the Company”) became the holding company for Virginia Savings Bank, FSB (“the Bank”)   Effective that date, the owners of the Bank’s common stock became shareholders of the Company with the same rights and privileges that they had as shareholders of the Bank. 

The Company’s common stock is not traded on a listed exchange nor does the Company use a market maker to promote sales of its stock. For the convenience of interested parties, the Company maintains a list of persons interested in purchasing our common stock that is provided to shareholders who are interested in selling their stock. The Company does not participate in these negotiations, set a price for the stock, or in any other manner participate in these stock sales. 

Sellers must report the sale by sending the stock certificates for the shares they are selling  to us so that we can effect the transfer of share ownership in our records and issue a new stock certificate to the purchaser.  Sellers must provide the transfer information required on the back of the stock certificates including the purchasers name(s), form of ownership, address, and social security number. 

Effective for stock transfers dated on or after December 1, 2007, all stock certificates presented for transfer must bear a Medallion Signature Guarantee. The Bank is a participant in the Medallion Signature Guarantee program, as are most financial institutions, and provides this service free of charge to the Company’s shareholders. We are instituting this change for your protection as a safeguard against fraudulent transfers by unauthorized persons. 

DIVIDEND ANNOUNCEMENT 

At its November 15, 2007 meeting, the Board of Directors of the Bank declared a 9.275¢ per share cash dividend for the third quarter of 2007. The dividend was paid on November 23, 2007 to stockholders of record at the close of business on November 16, 2007.  This quarterly dividend payment continues the same dividend rate as that for the first two quarters of 2007. 

If you were a shareholder of record as of November 16, 2007 but did not receive your third quarter 2007 dividend check by the end of November because of a change of address, call, write or e-mail your new address to us.  Changes of address for shareholder accounts should be directed to the attention of our Chief Financial Officer.  

REPORTS OF BENEFICIAL OWNERSHIP

Reports of beneficial ownership filed on SEC Forms 3, 4 or 5 are provided here for your information.   These reports are required for all common stock transactions by officers, directors and persons who are beneficial owners of 10% or more of the Bank’s common stock.  Click on the links below to view these reports.

AW09032003.pdf	JW06202006.pdf	WS06202006.pdf
AW01212005.pdf		WS08292007.pdf
AW08302005.pdf	FH02022006.pdf
AW10202005.pdf	FH06202006.pdf
AW06202006.pdf	FH08292007.pdf	TC02052005.pdf
AW07132006.pdf		TC06292005.pdf
AW10202006.pdf		TC06202006.pdf
	KC06202006.pdf	TC08292007.pdf
	KC08292007.pdf
DW02262004.pdf	KM08292007.pdf	WD09032003.pdf
DW02052005.pdf		WD06142005.pdf
DW11182005.pdf	LE08292007.pdf	WD06212005.pdf
DW06202006.pdf		WD07212005.pdf
DW10202006.pdf	MF06292005.pdf	WD10202005.pdf
DW03302007.pdf	MF02022006.pdf	WD02022006.pdf
DW04252007.pdf	MF06202006.pdf	WD03202006.pdf
		WD05122006.pdf
JG06202006.pdf		WD06202006.pdf
JG11072006.pdf	SB01212005.pdf	WD07132006.pdf
	SB02022006.pdf	WD04252007.pdf
	SB06202006.pdf	WD06222007.pdf
		WD01112008.pdf