Porter Bancorp, Inc. Expects Continued Growth in Second Quarter
May 17 2007 - 12:06PM
Business Wire
Porter Bancorp, Inc. (NASDAQ: PBIB), parent company of PBI Bank,
with offices in Louisville, Shepherdsville, Glasgow, Bowling Green
and throughout central Kentucky, announced today that shareholders
elected seven directors at its annual meeting of shareholders. The
Company also announced that it expects to report record assets,
loans and deposits for the second quarter ending June 30, 2007. In
comments at the meeting, Maria L. Bouvette, President and CEO of
Porter Bancorp, Inc., said, �We started 2007 with excellent
momentum and expect to report growth in assets, loans and deposits
for the second quarter of 2007. �We recently opened a new loan
production office in Bowling Green, Kentucky, one of the fastest
growing markets in the state, and expect it to contribute to our
second quarter loan growth. We remain focused on expanding our
footprint with additional offices in the second half of the year,�
concluded Bouvette. At the meeting, shareholders elected the
following as directors to serve for a one-year term: Maria L.
Bouvette � President and Chief Executive Officer of Porter Bancorp,
Inc. David L. Hawkins � Farmer and Private Investor W. Glenn Hogan
� Founder, President and Chief Executive Officer of Hogan Real
Estate Michael E. Miller � Partner and Chief Financial Officer of
The Poe Companies Sidney L. Monroe � Retired Certified Public
Accountant J. Chester Porter � Chairman of the Board and General
Counsel of Porter Bancorp, Inc. Stephen A. Williams � President and
Chief Executive Officer of Norton Healthcare About Porter Bancorp,
Inc. Porter Bancorp, Inc. is a bank holding company headquartered
in Louisville, Kentucky. It is the seventh largest independent
banking organization domiciled in the Commonwealth of Kentucky
based on total assets. Through our subsidiary PBI Bank, we operate
banking offices in Louisville and 12 other Kentucky communities
located along central Kentucky�s Interstate 65 corridor, which runs
through Louisville and central Kentucky and connects Chicago and
Indianapolis to Nashville and�Atlanta. Porter Bancorp�s common
stock is traded on the Nasdaq Global Market under the
symbol��PBIB.� Forward-Looking Statements Statements in this press
release relating to Porter Bancorp�s plans, objectives,
expectations or future performance are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements are based on management�s
current expectations. Porter Bancorp�s actual results in future
periods may differ materially from those currently expected due to
various risks and uncertainties, including those discussed in the
Company�s Form 10-K and subsequent periodic reports filed with the
Securities and Exchange Commission. The forward-looking statements
in this press release are made as of the date of the release and
Porter Bancorp does not assume any responsibility to update these
statements. PBIB-F PBIB-G
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