United Community Bancorp Updates Status Of Offering

             United Community Bancorp Updates Status Of Offering

PR Newswire

LAWRENCEBURG, Ind., Dec. 28, 2012

LAWRENCEBURG, Ind., Dec. 28, 2012 /PRNewswire/ --United Community Bancorp
(Nasdaq: "UCBA") (the "Company") announced today that United Community
Bancorp, the proposed successor holding company to the Company in connection
with the Company's pending conversion from mutual holding company to stock
holding company form ("new United Community"), has competed its resolicitation
of initial subscribers in the subscription and community offerings required as
a result of the previously announced increase in the maximum purchase
limitations in the offering. Following the resolicitation, new United
Community had orders for approximately 2.6 million shares. In order to
complete the offering, new United Community Bancorp must sell a minimum of

The Board of Directors has determined to extend the community offering and
solicit additional purchasers in order to complete the offering. The
community offering may be terminated at any time in the Company's sole
discretion and the Company currently anticipates that the offering will be
completed today. The Company retains the right to accept or reject, in whole
or in part, in its sole discretion, orders received in the community offering.

The closing of the conversion and offering remains subject to the satisfaction
of customary closing conditions. The offering is expected to close at no
higher than the midpoint of the offering range.

United Community Bancorp is the holding company of United Community Bank,
headquartered in Lawrenceburg, Indiana. United Community Bank currently
operates eight offices in Dearborn County and Ripley County, Indiana.

This press release contains certain forward-looking statements about the
conversion and offering. Forward-looking statements include statements
regarding anticipated future events and can be identified by the fact that
they do not relate strictly to historical or current facts. They often
include words such as "believe," "expect," "anticipate," "estimate," and
"intend" or future or conditional verbs such as "will," "would," "should,"
"could," or "may." Forward-looking statements, by their nature, are subject
to risks and uncertainties. Certain factors that could cause actual results
to differ materially from expected results include delays in consummation of
the conversion and offering, increased competitive pressures, changes in the
interest rate environment, general economic conditions or conditions within
the securities markets, and legislative and regulatory changes that could
adversely affect the business in which the Company and United Community Bank
are engaged.

Investors are able to obtain all documents filed with the SEC by new United
Community Bancorp free of charge at the SEC's website, www.sec.gov. In
addition, documents filed with the SEC by new United Community Bancorp are
available free of charge from the Company's Corporate Secretary at 92 Walnut
Street, Lawrenceburg, Indiana 47025, telephone (812) 537-4822.

A registration statement relating to these securities has been filed with the
United States Securities and Exchange Commission. This press release is
neither an offer to sell nor a solicitation of an offer to buy common stock.
The offer will be made only by means of the written prospectus forming part of
the registration statement.

The shares of common stock of new United Community Bancorp are not savings
accounts or savings deposits, may lose value and are not insured by the
Federal Deposit Insurance Corporation or any other government agency.

SOURCE United Community Bancorp

Website: http://www.bankucb.com
Contact: William F. Ritzmann, President and Chief Executive Officer, United
Community Bancorp, +1-812-537-4822
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