Porter Bancorp, Inc. Board Appoints N. Marc Satterthwaite, Mark F. Wheeler as New Directors

  Porter Bancorp, Inc. Board Appoints N. Marc Satterthwaite, Mark F. Wheeler
  as New Directors

Business Wire

LOUISVILLE, Ky. -- April 9, 2014

Porter Bancorp, Inc. (NASDAQ: PBIB), parent company of PBI Bank, announced
today that N. Marc Satterthwaite and Mark F. Wheeler have been appointed as
new members to the boards of directors of Porter Bancorp, Inc. and PBI Bank,
Inc.

Satterthwaite is Vice President, Director of Sales Operations, North America,
for Brown-Forman Corporation, a diversified producer of fine quality consumer
products that is among the top 10 largest spirit and wine companies in the
world. Satterthwaite currently oversees all facets of Brown-Forman’s consumer
sales throughout the U.S. and Canada and has held a variety of positions
across sales and marketing since joining the company in 1988. Within the
beverage industry, he serves as Vice Chairman of the NABCA Industry Advisory
Committee. He remains actively involved with his alma mater, Western Kentucky
University, having recently completed a term on their Alumni Association Board
of Directors. He also holds a master’s degree in business administration from
University of New Orleans. Additionally, Satterthwaite was recently elected as
an elder for Springdale Presbyterian Church and has served on the board of
directors of Discover Downtown La Grange.

“Mr. Satterthwaite has a wealth of expertise in management, marketing, sales
and operations that will be invaluable to PBI Bank in achieving its goals,”
said John T. Taylor, Porter Bancorp, Inc. President and CEO. “His professional
experience will be particularly helpful in directing our strategic goals of
growing core deposits, changing the deposit mix and further developing the
bank’s brand and marketing.”

Wheeler is Chief Financial Officer of PT Development (PTD), a Louisville-based
management firm that specializes in providing management and other operational
efficiencies to privately held physical therapy practices. Wheeler is
responsible for most of the financial aspects of the company including
accounting, payor contracting, mergers and acquisitions, and other general
corporate matters. Prior to joining PTD, he was Executive Vice President and
Regional Chairman of U.S. Bank, Louisville, where he was responsible for
commercial banking in the Louisville, Nashville, Dayton, Cincinnati,
Cleveland, Akron, and Columbus markets, in addition to U.S. Bank’s national
Professional Sports business. Prior to U.S. Bank, Wheeler was Senior Vice
President and Manager of National Corporate Banking for PNC Bank. Wheeler also
holds leadership positions with several community organizations including Fund
for the Arts, Louisville Zoo Foundation, Lincoln Heritage-Boy Scouts, Thornton
Oil Corporation, The Housing Partnership, University of Louisville Overseers,
Galen College of Nursing, BDS Management Group, Inc., and E-Town Motel
Associates, LLC. Additionally, he is Chairman of the 2014 Fund for the Arts
Campaign.

“Mr. Wheeler brings to us more than 30 years of banking experience from both
regional and national banks, including a deep understanding of the Kentucky
markets that PBI Bank serves,” added Taylor. “His counsel will be a tremendous
asset in setting our business development strategy and in attracting new
business to the bank.”

Porter Bancorp, Inc. and PBI Bank have received notice of non-objection from
its primary regulators to appoint Satterthwaite and Wheeler to the boards of
directors.

About Porter Bancorp, Inc.

Porter Bancorp, Inc., a bank holding company headquartered in Louisville,
Kentucky, had $1.1billion in assets asof March 31, 2014. 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

Contact:

Porter Bancorp, Inc.
John T. Taylor, 502-499-4800
Chief Executive Officer
 
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