Porter Bancorp, Inc. Declares Cash Dividend

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, 2009, to shareholders of record as of June 15, 2009.

�Porter Bancorp�s cash dividend is part of our program to build long-term shareholder value,� stated Maria L. Bouvette, President and CEO of Porter Bancorp, Inc. �Based on the annualized dividend rate, our dividend represents a current yield of approximately 5.4% for stockholders based on our recent stock price. Our goal is to return a portion of our earnings to shareholders while maintaining a strong capital base.�

About Porter Bancorp, Inc.

Porter Bancorp, Inc., a bank holding company headquartered in Louisville, Kentucky, had $1.6�billion in assets as of March 31, 2009. Through Porter�s�subsidiary PBI Bank, it operates 19 full-service banking offices in 11 counties in Kentucky. Porter Bancorp�s common stock is traded on the Nasdaq Global Market under the symbol �PBIB.�

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