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"The Siemens Foundation scholarship money will help
increase the number of teachers going into America's classrooms. He also serves as the
company's Bank Secrecy Act Officer. With seven locations
throughout Arlington, Fairfax , Loudoun, and Prince William Counties,
James Monroe Bank is well positioned in one of the fastest growing
regions in the country.

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Million Dollar Scholarship Fund Established to Encourage Minority Students to Pursue Careers in Teaching Math and Science

The Siemens
Foundation will fund the scholarships as part of its mission to support and
enhance math and science education in America 's high schools."
"Siemens' grant is critically important because it can help to address one
of the most pressing needs facing our nation's children and that is the need
for more teachers in math , science and engineering," said Dwayne Ashley, CEO
and President, Thurgood Marshall Scholarship Fund . "All students deserve a
sound, quality education that will set them on the road to economic
prosperity ."
"The growing shortage of qualified math and science teachers in this
country will impact America's economy for years to come if it is not
addressed," said Dr.----James Monroe Bank
(NASDAQ:JMBI ), announced the promotion of John J. Prior to joining James Monroe Bank, John worked for First
Virginia Banks, Inc.
James Monroe Bank is a full-service community bank founded in
1998.

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Noteworthy is Brough's experience in coordinating
accounting and financial matters between corporate, division , and
subsidiary entities as well as product feasibility analysis.

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WASHINGTON, Department of Education -- The
Siemens Teacher Scholarships, a collaboration between the Thurgood Marshall
Scholarship Fund, the United Negro College Fund (UNCF) and the Siemens
Foundation, aimed at encouraging minority students to pursue teaching careers
in math and science, was officially announced today at the Department of
Education.
This program marks the first time the Thurgood Marshall Scholarship Fund
and the UNCF will collaborate in an effort to target both private and public
colleges. The Thurgood Marshall Scholarship Fund has 47 member public HBCUs;
the UNCF provides operational support to the 38 private institutions."

After observing his abilities it is truly exciting to announce
his promotion to CFO.

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Two
organizations that are active in promoting post-secondary education for
minority students -- the Thurgood Marshall Scholarship Fund and the UNCF --
will administer the funds. The two
organizations will select scholarship recipients each year. as Senior Vice President , Regional Controller,
and Cashier."
Brough holds a Master of Business Administration from Georgetown
University's McDonough School of Business and also obtained a Bachelor
of Science degree from Georgetown. Recognized as one of the leading community banks in Northern
Virginia, James Monroe Bank champions a philosophy of building
community through lifelong relationships.

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McCausland,
Chairman of the Board, Siemens Foundation. "The Siemens
Teacher Scholarships will allow more minority students to pursue careers in
math and science, which will ultimately increase the nation's success in
producing more qualified math and science teachers.

James Monroe Bank Promotes John Brough to CFO

He also coaches youth sports, is an
officer of his children's PTO, and actively participates in volunteer
work .

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"If American technology companies are to continue creating cutting edge
innovations and high paying jobs, we need to be sure that all American high
school students develop the necessary math and science skills they will
require to take advantage of these opportunities," said Thomas N.
David Pijor, Chairman, remarked, "John has been key to our
successful growth this past year.

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Each organization will receive $500,000 to be
awarded to students accepted to any one of the nation's 85 historically black
colleges and universities (HBCUs) that are members of the two organizations. This is a
partnership between three institutions who are committed to improving the
quality of science and math education in our nation's schools. Michael Lomax, UNCF's President and CEO.

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"It is therefore imperative that
we provide the necessary resources to broaden the pool of qualified math and
science teachers , especially in communities that have been traditionally
under-represented in the fields of science and technology. He has proven himself not only in
financial matters but in being an essential voice on our management
team. Brough resides in McLean with his
wife Karin and three children.

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The
collaboration of the Thurgood Marshall Scholarship Fund and the United Negro
College Fund will assist 85 Historically Black Colleges and Universities in
their efforts to encourage minority students in pursuing a career in science
and mathematics. This makes this grant unique for two reasons: There is a need
for more qualified minority math and science teachers, and HBCUs have long
been the training ground for new leaders in education as well as
mathematicians, scientists and engineers . Overall, support from
organizations like the Siemens Foundation has helped UNCF support more
minorities in higher education and we are excited to be a part of this
scholarship program.

Business Editors

ARLINGTON, Va. Brough, CPA, to
Senior Vice President and Chief Financial Officer.

Brough joined James
Monroe Bank over a year ago as Controller and has been responsible for
internal controls and financial reporting.
Brough's background includes 18 years of practice in banking and
finance.
www.jamesmonroebank.

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"We all know that good schools are impossible without good teachers," said
Wilbert Bryant, Deputy Assistant Secretary for Higher Education Programs,
Department of Education.

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"
The New Jersey-based Siemens Foundation will provide $1 million in
scholarships over the next five years for undergraduate and graduate students
who wish to pursue careers in teaching math, science and technology.com

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