John T. Taylor Named Porter Bancorp, Inc. CEO and PBI Bank Chairman

  John T. Taylor Named Porter Bancorp, Inc. CEO and PBI Bank Chairman

         Taylor Receives Regulatory Approval for Key Leadership Roles

Business Wire

LOUISVILLE, Ky. -- November 21, 2013

Porter Bancorp, Inc. (NASDAQ:PBIB), parent company of PBI Bank, announced
today that John T. Taylor was named Chief Executive Officer (CEO) of Porter
Bancorp and Chairman of the Board of PBI Bank following regulatory approval.
Mr. Taylor previously served as interim CEO of Porter Bancorp and interim
Chairman of the Board of PBI Bank.

John T. Taylor, Chief Executive Officer of Porter Bancorp and Chairman of the
Board of PBI Bank (Pho ...

John T. Taylor, Chief Executive Officer of Porter Bancorp and Chairman of the
Board of PBI Bank (Photo: Business Wire)

Commenting on the announcement, W. Glenn Hogan, Chairman of the Board of
Porter Bancorp, Inc., said, “We are pleased to announce that John Taylor has
been named CEO of Porter Bancorp and Chairman of PBI Bank. John has served as
President of Porter Bancorp and President and CEO of PBI Bank since July 2012,
and he will continue in these roles in addition to assuming his new leadership
roles with the holding company and bank.

“John has a solid history in leading organizations with a clear vision and
strategy to build long-term shareholder value while providing superior service
to our customers. His knowledge of our Kentucky markets, combined with his
expertise in credit management and special assets, has been an important part
in leading our bank through the challenging economic environment.

“Since joining Porter Bancorp and PBI Bank, he has assembled a team focused on
asset quality remediation, regulatory capital restoration, and lowering the
risk profile of the bank. Our most recent quarter’s financial results
demonstrate our progress in significantly reducing our net loss, our provision
for loan losses and non-performing assets. We expect to enter 2014 as a much
stronger organization under John’s leadership, and we remain positive about
the future for Porter Bancorp and PBI Bank,” concluded Hogan.

John T. Taylor, age 53, was named President and CEO of PBI Bank and President
of Porter Bancorp, Inc. in July 2012. Hewas also elected as a Board member of
PBI Bank and Porter Bancorp. Prior to joining Porter Bancorp and PBI Bank, Mr.
Taylor served as President and CEO of American Founders Bank, Inc. and
American Founders Bancorp, Inc. of Lexington, Kentucky. He previously served
in senior management positions with increasing responsibility for PNC Bank,
N.A., including as President of its Ohio/Northern Kentucky region for six
years. He has more than 29 years of banking experience in Kentucky and Ohio.
He holds a bachelor’s and master’s degree in business administration from the
University of Kentucky.

About Porter Bancorp, Inc.

Porter Bancorp, Inc., a bank holding company headquartered in Louisville,
Kentucky, had $1.0billion in assets asof September 30, 2013. 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-G

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Contact:

Porter Bancorp, Inc.
Phil Barnhouse, 502-499-4800
Chief Financial Officer
 
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