Eagle Financial Services, Inc. (OTCQX: EFSI), the holding company for Bank of Clarke County, whose divisions include Eagle Investment Group, announces that its Board of Directors approved a stock repurchase program for up to 150,000 shares of its common stock prior to June 30, 2017. Repurchases may be made through privately negotiated or open market transactions, including a trading plan pursuant to Rule 10b5-1 and/or Rule 10b-18 of the Securities Exchange Act of 1934. The timing, quantity, and price of repurchased shares will be at the Company's discretion and will depend on a number of factors, including the market price of the shares, trading restrictions, business and economic conditions, and other factors. There is no assurance that the Company will repurchase any shares under this program, but, repurchased shares will become authorized but unissued shares of common stock.

Eagle Financial Services, Inc. reported total assets of $664.0 million at March 31, 2016. The Bank of Clarke County offers a broad range of commercial banking, retail banking and trust and investment services through 12 bank branches located throughout Clarke and Frederick Counties, as well as the City of Winchester, Towns of Purcellville and Leesburg and Ashburn, VA. The Company's common stock trades on the OTC Markets Group's OTCQX Market under the symbol EFSI.