Exhibit 99.1

Friday, February 6, 2015

HomeTown Bankshares Corporation Reports Record Performance

2014 Earnings up 25% over 2013

News Release

FOR IMMEDIATE RELEASE

For more information contact:

Susan K. Still, President and CEO, (540) 278-1705

Charles W. Maness, Jr., Executive Vice President & CFO, (540) 278-1702

HomeTown Bankshares Corporation Reports Record Operating Performance for 2014

Roanoke, VA (February 6, 2015) – HomeTown Bankshares Corporation, the parent company of HomeTown Bank, generated earnings of $1.0 million for the fourth quarter ended December 31, 2014. This contributed to a 25% increase in earnings for the 2014 fiscal year over 2013.

A net profit of $1.0 million or $0.18 per diluted common share was realized for the fourth quarter of 2014, up 27% from the net profit of $790,000 or $0.14 per diluted common share for the fourth quarter of 2013. Net income for 2014 fiscal year also remained strong, increasing 25% to $3.42 million or $0.62 per diluted common share vs. $2.73 million and $0.48, respectively, during the 2013 fiscal year.

Non-interest income increased 53% to $546,000 in the fourth quarter of 2014 and amounted to $1.89 million for the 2014 fiscal year. This compares to $356,000 and $1.44 million, respectively, during 2013. The primary growth in non-interest income during 2014 was from revenues generated from a significant increase in core checking account deposits as well as increases in brokerage income and a resurgence in mortgage lending.

“We are extremely pleased with our strong growth and record operating performance during 2014,” stated Susan Still, President and CEO. “Excellent growth in both our loan and core deposit portfolios, coupled with a strong interest margin and a significant increase in non-interest income, were the major contributors to the record earnings in 2014,” she continued. “The performance of our new branch in the New River Valley that opened at the end of 2013 was particularly strong, while our new branch in Salem that opened in July, 2014 also exceeded expectations,” she continued.

Balance Sheet

Total loan growth for 2014 was $34 million or 11% and was the major contributor to the $26 million increase in total assets to $428 million at December 31, 2014. Growth in total deposits was also strong with a 7% overall increase to $363 million at December 31, 2014. Core deposit growth remained particularly strong during 2014 with a 11% increase in non-interest bearing checking deposits and a 25% increase in interest bearing checking deposits.

Tier One Capital increased 6.6% during 2014, and the capital ratios remained well above regulatory standards for well-capitalized banks during 2014.

Asset Quality

Loan quality improved and remained strong during 2014 with nonperforming assets, excluding performing, restructured loans, of 1.92% of total loans at December 31, 2014 vs. 2.27% at December 31, 2013. Net charge-offs remained at historically low levels at 0.12% of average total loans during 2014 and 0.07% in net charge-offs during 2013.

Past due and nonaccrual loans also remained at historically low levels. Past due accruing loans were 0.15% of total loans with nonaccrual loans of 0.38% of total loans at December 31, 2014. This compares to 0.21% and 0.33%, respectively, at December 31, 2013. The Company’s Allowance for Loan Losses dropped to $3.3 million and 1.00% of Total Loans at December 31, 2014 vs. $3.72 million and 1.25% of Total Loans at December 31, 2013.

“Maintaining strong loan quality continues to be a major focus of our Company,” stated Still. “We will also continue to prudently reduce the level of foreclosed property as the economy continues to improve in 2015 and beyond,” she said.

HomeTown Bank offers a full range of banking services to small and medium-size businesses, real estate investors and developers, private investors, professionals and individuals. The Bank serves the Roanoke and New River Valleys and Smith Mountain Lake through six full-service branches and seven ATM’s. A high level of responsive and professional service coupled with local decision-making is the hallmark of its banking strategy.

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Forward-Looking Statements:

Certain statements in this press release may be “forward-looking statements.” Forward-looking statements are statements that include projections, predictions, expectations or beliefs about future events or results that are not statements of historical fact and that involve significant risks and uncertainties. Although the Company believes that its expectations with regard to forward-looking statements are based upon reasonable assumptions within the bounds of its existing knowledge of its business and operations, there can be no assurance that actual results will not differ materially from any future results implied by the forward-looking statements. Actual results may be materially different from past or anticipated results because of many factors, some of which may include changes in economic conditions, the interest rate environment, legislative and regulatory requirements, new products, competition, changes in the stock and bond markets and technology. The Company does not update any forward-looking statements that it may make.

(See Attached Financial Statements for quarter and fiscal year ending December 31, 2014)

HomeTown Bankshares Corporation

Consolidated Condensed Balance Sheets

December 31, 2014, and December 31, 2013

HomeTown Bankshares Corporation

Consolidated Condensed Statements of Income

For the Three Months and Twelve Months Ended December 31, 2014 and 2013

HomeTown Bankshares Corporation

Financial Highlights

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