LSB Financial Corp. Announces President to Retire at Year End

Apr 18, 2001, 01:00 ET from LSB Financial Corp.

    LAFAYETTE, Ind., April 18 /PRNewswire/ -- LSB Financial Corp.
 (Nasdaq: LSBI), the parent company of Lafayette Savings Bank, FSB, today
 confirmed the intention of John W. Corey to retire from his position of
 President and CEO to be effective at the completion of a successful
 transition.  The board of directors is conducting a search for a replacement.
 
     Forward-Looking Information
     Except for any historical information, the matters discussed in this press
 release contain forward-looking statements that reflect the company's current
 views regarding future events.  These estimates constitute forward-looking
 statements (within the meaning of the Private Securities Litigation Reform Act
 of 1995), which involve significant risks and uncertainties that could affect
 the company's growth, operations, markets, products and services.  Actual
 results may differ materially from the results discussed in these forward-
 looking statements. The company cannot be sure that any of its expectations
 will be realized. Factors that might cause such a difference include, but are
 not limited to: (1) revenue growth is lower than expected; (2) the willingness
 of users to substitute competitors' products and services for our products and
 services; (3) competitive pressures among depository institutions increase
 significantly; (4) changes in the interest rate environment reduce interest
 margins; (5) general economic conditions in the states in which the company
 does business are less favorable than expected; and (6) legislation or
 regulatory changes adversely affect the businesses in which the company is
 engaged.  Additional factors discussed and identified in our annual report on
 Form 10-KSB, quarterly reports Form 10-QSB, current reports on Form 8-K, and
 our other filings with the SEC, and those presented elsewhere by our
 management from time to time, could cause actual results to differ materially
 from those indicated by the forward-looking statements made in this document.
 
 

SOURCE LSB Financial Corp.
    LAFAYETTE, Ind., April 18 /PRNewswire/ -- LSB Financial Corp.
 (Nasdaq: LSBI), the parent company of Lafayette Savings Bank, FSB, today
 confirmed the intention of John W. Corey to retire from his position of
 President and CEO to be effective at the completion of a successful
 transition.  The board of directors is conducting a search for a replacement.
 
     Forward-Looking Information
     Except for any historical information, the matters discussed in this press
 release contain forward-looking statements that reflect the company's current
 views regarding future events.  These estimates constitute forward-looking
 statements (within the meaning of the Private Securities Litigation Reform Act
 of 1995), which involve significant risks and uncertainties that could affect
 the company's growth, operations, markets, products and services.  Actual
 results may differ materially from the results discussed in these forward-
 looking statements. The company cannot be sure that any of its expectations
 will be realized. Factors that might cause such a difference include, but are
 not limited to: (1) revenue growth is lower than expected; (2) the willingness
 of users to substitute competitors' products and services for our products and
 services; (3) competitive pressures among depository institutions increase
 significantly; (4) changes in the interest rate environment reduce interest
 margins; (5) general economic conditions in the states in which the company
 does business are less favorable than expected; and (6) legislation or
 regulatory changes adversely affect the businesses in which the company is
 engaged.  Additional factors discussed and identified in our annual report on
 Form 10-KSB, quarterly reports Form 10-QSB, current reports on Form 8-K, and
 our other filings with the SEC, and those presented elsewhere by our
 management from time to time, could cause actual results to differ materially
 from those indicated by the forward-looking statements made in this document.
 
 SOURCE  LSB Financial Corp.