First Bancorp of Indiana, Inc. Announces Quarterly Cash Dividend

Press Release

First Bancorp of Indiana, Inc. Announces Quarterly Cash Dividend

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Posted 20 November 2008 @ 05:36 pm ET

EVANSVILLE, IN -- (Marketwire) -- 11/20/08 -- The Board of Directors of First Bancorp ofIndiana, Inc. (OTCBB: FBPI) declared this day a quarterly cash dividend of$0.155 per share, payable to stockholders of record as of December 1, 2008.The dividend will be paid on or about December 15, 2008. The annualdividend rate on this quarterly declaration is unchanged from the precedingquarter and results in an annualized dividend yield of 6.7% based on the$9.25 price for the last reported trade on November 20, 2008.

First Bancorp of Indiana, Inc. is the holding company for First FederalSavings Bank, Evansville, Indiana, a federally chartered savings bank whichconverted from mutual to stock form on April 7, 1999, and currentlyoperates seven offices in the Evansville, Indiana area, one office inWashington, Indiana and one office in Petersburg, Indiana.

Certain information in this press release may constitute forward-lookinginformation that involves risks and uncertainties that could cause actualresults to differ materially from those estimated. Persons are cautionedthat such forward-looking statements are not guarantees of futureperformance and are subject to various factors that could cause actualresults to differ materially from those estimated. Undue reliance shouldnot be placed on such forward-looking statements.

Contact:Michael H. HeadPresident and CEO(812) 492-8100

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