On February 21, 2017, Premier Financial Bancorp, Inc. issued a press release announcing a quarterly cash dividend to its common shareholders. At its regularly scheduled February 2017 meeting, the board of directors declared a $0.15 per share cash dividend to common shareholders. Shareholders of record on March 15, 2017 will be eligible for the cash dividend which will be paid to shareholders on March 31, 2017.

Item 9.01. Financial Statements and Exhibits

(c) Exhibit 99.1 – Press Release dated February 21, 2017.

About PREMIER FINANCIAL BANCORP, INC. (NASDAQ:PFBI)

Premier Financial Bancorp, Inc. (Premier) is a multi-bank holding company. The Company’s banking subsidiaries (the Banks or Affiliate Banks) consist of Citizens Deposit Bank and Trust, Inc., Vanceburg, Kentucky and Premier Bank, Inc., Huntington, West Virginia. Through the Banks, the Company focuses on providing community banking services to individuals and small-to-medium sized businesses. The Banks provide a range of retail and commercial banking services, including commercial, real estate, agricultural and consumer lending; depository and funds transfer services; collections; safe deposit boxes; cash management services; and other services tailored for both individuals and businesses. The Company operates over nine banking offices in Kentucky, approximately five banking offices in Ohio, over 30 banking offices in West Virginia, approximately four banking offices in Washington, DC, over one banking offices in Maryland and approximately four banking offices in Virginia.

PREMIER FINANCIAL BANCORP, INC. (NASDAQ:PFBI) Recent Trading Information

PREMIER FINANCIAL BANCORP, INC. (NASDAQ:PFBI) closed its last trading session up +0.12 at 19.70 with 14,132 shares trading hands.