John Marshall Bancorp, Inc. Submits Nasdaq Capital Market Application

John Marshall Bancorp, Inc. (OTCQB: JMSB) (the “Company”), the parent company of John Marshall Bank, today announced that it submitted an application to list its common stock on the Nasdaq Capital Market. The Company believes that it meets the financial, liquidity and corporate governance requirements for listing on the Nasdaq Capital Market; however, any move to Nasdaq is contingent upon fulfilling those requirements and the Company registering its common stock with the Securities and Exchange Commission (the “SEC”).

The Company intends to file a registration statement with the SEC during the first quarter of 2022 pursuant to which it would register its common stock under the Securities Exchange Act of 1934. The Company’s common shares will continue to be quoted on the OTCQB Market until such time as the shares may be listed on the Nasdaq Capital Market, if the Company’s application is approved by Nasdaq and the registration statement is declared effective by the SEC.

“John Marshall Bancorp, Inc. has a 15 year history of demonstrated growth,” said Chris Bergstrom, President and CEO. “We believe that registering with the SEC and moving to the Nasdaq Capital Market complements our growth profile. We feel Nasdaq affords better access to capital, greater trading volume through a broader potential investor base and possible inclusion in a stock market index, and enhanced means to use our stock as acquisition consideration. We believe that the move will provide us with increased strategic optionality and better position the Company to further drive value for shareholders.”

About John Marshall Bancorp, Inc.

John Marshall Bancorp, Inc. is the bank holding company for John Marshall Bank. John Marshall Bank (“JMB” or the “Bank”) is a $2.1 billion bank headquartered in Reston, Virginia with eight full-service branches located in Alexandria, Arlington, Loudoun, Prince William, Reston, and Tysons, Virginia, as well as Rockville, Maryland, and Washington, D.C. with one loan production office in Arlington, Virginia. The Bank is dedicated to providing exceptional value, personalized service and convenience to local businesses and professionals in the Washington D.C. Metro area. JMB offers a comprehensive line of sophisticated banking products and services that rival those of the largest banks along with experienced staff to help achieve customers’ financial goals. Dedicated Relationship Managers serve as direct points-of-contact, providing subject matter expertise in a variety of niche industries including Charter and Private Schools, Government Contractors, Health Services, Nonprofits and Associations, Professional Services, Property Management Companies, and Title Companies. Learn more at www.johnmarshallbank.com.