Pulaski Financial Corp. Sells Interest in Indiana Bank

* Stock Sale Results In $436,478 Gain

* Pulaski Will Not Pursue Offer To Buy First Bancorp of Indiana



Apr 30, 2001, 01:00 ET from Pulaski Financial Corp.

    ST. LOUIS, April 30 /PRNewswire/ -- Pulaski Financial Corp. (Nasdaq:   PULB)
 announced today that it has realized a $436,478 gain from the sale of the
 98,100 shares of stock it held in
 First Bancorp of Indiana Inc. (Nasdaq:   FBEI).
     "After reviewing our options and recent developments, we determined it was
 in the best interests of our shareholders to liquidate our holdings in First
 Bancorp," said William A. Donius, chairman and chief executive officer of
 Pulaski.  "We also will not pursue the acquisition offer we made for the
 Indiana bank.  We wish the management and shareholders of First Bancorp of
 Indiana well in their future endeavors."
     Pulaski Financial Corp. sold its shares back to First Bancorp. of Indiana
 on April 27, 2001.
 
     Pulaski Financial Corp. serves customers throughout the St. Louis
 metropolitan area through its subsidiary, Pulaski Bank.  The Bank offers a
 full line of quality retail banking products through five full-service
 offices.  The Company's website can be accessed at www.pulaskibankstl.com .
 
     Statements in this news release, which are not historical facts, are
 forward-looking statements as defined in the Private Securities Litigation
 Reform Act of 1995.  Such forward-looking statements, which contain the words
 "expects", "intends" and words of similar import, are subject to numerous
 risks and uncertainties disclosed from time to time in documents the Company
 files with the Securities and Exchange Commission, which could cause actual
 results to differ materially from the results currently anticipated.  Undue
 reliance should not be placed on such forward-looking statements.
 
 

SOURCE Pulaski Financial Corp.
    ST. LOUIS, April 30 /PRNewswire/ -- Pulaski Financial Corp. (Nasdaq:   PULB)
 announced today that it has realized a $436,478 gain from the sale of the
 98,100 shares of stock it held in
 First Bancorp of Indiana Inc. (Nasdaq:   FBEI).
     "After reviewing our options and recent developments, we determined it was
 in the best interests of our shareholders to liquidate our holdings in First
 Bancorp," said William A. Donius, chairman and chief executive officer of
 Pulaski.  "We also will not pursue the acquisition offer we made for the
 Indiana bank.  We wish the management and shareholders of First Bancorp of
 Indiana well in their future endeavors."
     Pulaski Financial Corp. sold its shares back to First Bancorp. of Indiana
 on April 27, 2001.
 
     Pulaski Financial Corp. serves customers throughout the St. Louis
 metropolitan area through its subsidiary, Pulaski Bank.  The Bank offers a
 full line of quality retail banking products through five full-service
 offices.  The Company's website can be accessed at www.pulaskibankstl.com .
 
     Statements in this news release, which are not historical facts, are
 forward-looking statements as defined in the Private Securities Litigation
 Reform Act of 1995.  Such forward-looking statements, which contain the words
 "expects", "intends" and words of similar import, are subject to numerous
 risks and uncertainties disclosed from time to time in documents the Company
 files with the Securities and Exchange Commission, which could cause actual
 results to differ materially from the results currently anticipated.  Undue
 reliance should not be placed on such forward-looking statements.
 
 SOURCE  Pulaski Financial Corp.