Porter Bancorp, Inc. Declares Cash Dividend
August 29 2008 - 6:30AM
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
October 1, 2008, to shareholders of record as of September 15,
2008. �Our Board of Directors remains focused on providing our
shareholders with a solid return 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 October of 2007 and reflects the Board�s
confidence in our future prospects.� 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 20 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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