Porter Bancorp, Inc. Declares Cash Dividend
May 23 2008 - 7:00AM
Business Wire
Porter Bancorp, Inc. (NASDAQ: PBIB), parent company of PBI Bank,
announced today that its Board of Directors declared a cash
dividend of $0.21 per share. The dividend will be payable on July
1, 2008, to shareholders of record as of June 15, 2008. �Our Board
of Directors remains focused on building long-term shareholder
value through our cash dividend program,� stated Maria L. Bouvette,
President and CEO of Porter Bancorp, Inc. �This dividend represents
a 5% increase from the dividend paid in July of 2007 and highlights
our strong financial condition.� About Porter Bancorp, Inc. Porter
Bancorp, Inc. is a bank holding company headquartered in
Louisville, Kentucky. It is the sixth largest independent banking
organization based on total assets domiciled in the Commonwealth of
Kentucky, with $1.6�billion in assets as of March 31, 2008. Through
Porter�s�subsidiary PBI Bank, it operates 19 full-service banking
offices in 12 counties in Kentucky. Porter Bancorp�s common stock
is traded on the Nasdaq Global Market under the symbol �PBIB.�
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