FBEI First Bancorp Ind New (MM)

EVANSVILLE, IN , at its regular meeting on January 16, 2008, declared a semi-annual cash dividend of $0.30 per share, payable to stockholders of record as of January 31, 2008. The dividend will be paid on or about February 14, 2008.

First Bancorp of Indiana, Inc. is the holding company for First Federal Savings Bank, Evansville, Indiana, a federally chartered savings bank which converted from mutual to stock form on April 7, 1999.

Contact: Michael H. Head President and CEO (812) 492-8100

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