Investor Relations

Cardinal Bankshares Corporation ("Cardinal Bankshares"), a Virginia corporation headquartered in Floyd, Virginia, is a bank holding company. Cardinal Bankshares Corporation is registered with, and supervised by, the Board of Governors of the Federal Reserve System under the Bank Holding Company Act of 1956, as amended. The Company serves the marketplace primarily through its wholly owned banking subsidiary, Bank of Floyd, which first began banking operations in 1951. Bank of Floyd is supervised and examined by the Virginia State Corporation Commission/Bureau of Financial Institutions. Bank of Floyd has a wholly owned subsidiary, FBC, Inc., that engages in insurance activities. FBC, Inc. is part owner of Virginia Title Center, LLC and Bankers Insurance LLC.

Cardinal Bankshares Corporation common stock trades on the OTC Bulletin Board under the symbol CDBK.

SEC filings related to Cardinal Bankshares may be viewed online through the SEC website, by selecting the appropriate link, all Cardinal Bankshares filings or Insider Transaction reports.

It is the policy of Cardinal Bankshares Corporation and Bank of Floyd to comply with all applicable laws and regulations and to be governed by the highest level of business ethics. Therefore, all those associated with the Company are encouraged to report any concern they may have relating to potential fraud, improper accounting principles, ineffective auditing procedures, or similar financial issues to their supervisor, the internal auditor, the audit committee or appropriate authorities (whistle blowing). The Company also encourages anyone to report any pressure applied to them to commit any such acts. The law precludes any acts of reprisal or threats due to expressions of concern.

Concerns may be reported to a supervisor or a member of management; to the internal auditor; to the Company's Audit Committee; or to a Company supervisory body (for example Federal Reserve or the SEC). Any concerns communicated to the above can be anonymous; however, all reports will be confidential. The Audit Committee Chairman is Dr. Howard Conduff, Jr., P.O. Box 113, Floyd, VA 24091 (540) 745-4171 (Work) (540) 745-5557 (Home).