PBIB Porter Bancorp, Inc. (delisted)

Porter Bancorp, Inc. (NASDAQ: PBIB) announced today that its subsidiary PBI Bank has entered into a definitive agreement to sell its branch located in Burkesville, Kentucky to First & Farmers National Bank of Somerset, Kentucky. The sale price is for $800,000 and will be paid in cash. �The sale of our Burkesville branch will allow us to redeploy the proceeds from this sale into our core contiguous markets,� stated Maria L. Bouvette, President and CEO of Porter Bancorp, Inc. �The Burkesville branch was acquired as part of a bank acquisition in 2004 and its location is not contiguous to our other banking locations. This is an excellent opportunity for us to sell the Burkesville branch to a bank already in the market. In addition, we expect the sale will improve our efficiency long-term by reinvesting the funds in our existing markets where we have more operating synergies.� The Burkesville branch has deposits of approximately $14 million and loans of approximately $6�million at June 30, 2008. The sale is expected to be completed in the fourth quarter of 2008. 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 June 30, 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.� 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 under �Risk Factors� 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