Porter Bancorp, Inc. Names Joseph C. Seiler as Executive Vice President, Head of Commercial Banking Business Wire LOUISVILLE, Ky. -- April 29, 2013 Porter Bancorp, Inc. (NASDAQ: PBIB), parent company of PBI Bank, announced today that Joseph (Joe) C. Seiler has been named to head the Bank's commercial banking business subject to regulatory approval. When his appointment is approved he will become Executive Vice President of PBI Bank. “We are very pleased to have Joe Seiler join PBI Bank to lead the building of our commercial banking line of business,” stated John T. Taylor, President of Porter Bancorp. “Joe has significant experience in corporate banking, real estate lending, credit administration, and healthcare banking. He has served in senior management positions at banks in Louisville for the past 22 years, serving commercial customers throughout Kentucky, Tennessee, southern Ohio and southern Indiana. We believe his extensive commercial lending experience will be an important addition to our team.” Mr. Seiler most recently served as Executive Vice President, Asset Resolution Team, of PNC Bank, Inc. in Louisville, Kentucky. Prior to joining PNC Bank in 2009, he served as Executive Vice President & Managing Director, Investment Real Estate Group for National City Bank of Louisville, Kentucky. He is also actively involved in professional and civic organizations in Louisville and most recently served as the treasurer for a non-profit organization with $3 million in annual revenue and $2 million in assets. He holds a Master’s Degree in Business Administration from the University of Louisville and a Bachelor of Arts Degree in Economics from Centre College in Danville, Kentucky. About Porter Bancorp, Inc. Porter Bancorp, Inc., a bank holding company headquartered in Louisville, Kentucky, had $1.2billion in assets asof December31, 2012. Through Porter’s subsidiary PBI Bank, it operates 18 full service banking offices 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. The words “believe,” “may,” “should,” “anticipate,” “estimate,” “expect,” “intend,” “objective,” “seek,” “plan,” “strive” or similar words, or negatives of these words, identify forward-looking statements. 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 Contact: Porter Bancorp, Inc. John T. Taylor, 502-499-4800 President
Porter Bancorp, Inc. Names Joseph C. Seiler as Executive Vice President, Head of Commercial Banking
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