Heritage Bankshares, Inc. Declares Dividend

NORFOLK, Va., Oct. 23 /PRNewswire-FirstCall/ -- Heritage Bankshares, Inc.
("Heritage") (OTC Bulletin Board: HBKS) announced that yesterday its Board of
Directors declared a $0.06 per share dividend on Heritage's common stock. The
dividend will be paid on November 20, 2008 to shareholders of record on
November 6, 2008.
About Heritage
Heritage is the parent company of Heritage Bank
(http://www.heritagebankva.com). Heritage Bank has four full-service branches
in the City of Norfolk and one in the City of Virginia Beach. Heritage Bank
provides a full range of financial services including business, personal and
mortgage loans.
Forward Looking Statements
The press release contains statements that constitute "forward-looking
statements" within the meaning of Section 21E of the Securities Exchange Act
of 1934, as amended. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause Heritage's
actual results, performance, achievements, and business strategy to differ
materially from the anticipated results, performance, achievements or business
strategy expressed or implied by such forward-looking statements. Factors
that could cause such actual results, performance, achievements and business
strategy to differ materially from anticipated results, performance,
achievements and business strategy include: general and local economic
conditions, competition, capital requirements of the planned expansion,
customer demand for Heritage's banking products and services, and the risks
and uncertainties described in Heritage's most recent Form 10-KSB filed with
the Securities and Exchange Commission. Heritage disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
SOURCE Heritage Bankshares, Inc.

John O. Guthrie of Heritage Bankshares, Inc., +1-757-648-1523