8-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange act 1934

October 15, 2008

(Date of report/date of earliest event reported)

CONSUMERS BANCORP, INC.

(Exact name of registrant as specified in its charter)

OHIO	033-79130	34-1771400
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

614 East Lincoln Way

P.O. Box 256

Minerva, Ohio 44657

(Address of principal executive offices)

(330) 868-7701

(Issuer’s telephone number)

N/A

(Former name of former address, if changes since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure

On October 15, 2008, Ralph J. Lober, Chief Executive Officer, President and Chief Operating Officer made a presentation at the 2008 Annual Meeting of Consumers Bancorp, Inc. at Consumers National Bank in Minerva, Ohio. The presentation included slides containing financial information, which is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits

c. Exhibit 99.1 Copies of slides used in a presentation at the 2008 Annual Meeting of Consumers Bancorp, Inc. at Consumers National Bank in Minerva, Ohio on October 15, 2008

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Consumers Bancorp, Inc.
Date: October 15, 2008	/s/ Ralph J. Lober, II
	Ralph J. Lober, II Chief Executive Officer,
	President and Chief Operating Officer

EX-99.1

CONSUMERS BANCORP, INC.

CONSUMERS BANCORP, INC.

ANNUAL SHAREHOLDER MEETING

ANNUAL SHAREHOLDER MEETING

OCTOBER 15, 2008

OCTOBER 15, 2008

Exhibit 99.1

Forward Looking Statements

Forward Looking Statements

This presentation may include forward-looking statements

This presentation may include forward-looking statements

for purposes of the safe harbor provisions of the Private

for purposes of the safe harbor provisions of the Private

Securities Litigation Reform Act of 1995.  Such forward-

Securities Litigation Reform Act of 1995.  Such forward-

looking statements are based upon specific assumptions

looking statements are based upon specific assumptions

and are subject to uncertainties and factors relating to the

and are subject to uncertainties and factors relating to the

company’s operations and business environment, all of

company’s operations and business environment, all of

which are difficult to predict and many of which are beyond

which are difficult to predict and many of which are beyond

the control of the company.  These uncertainties and factors

the control of the company.  These uncertainties and factors

could cause actual results of the company to differ

could cause actual results of the company to differ

materially from those expressed or implied in the forward

materially from those expressed or implied in the forward

looking statements  contained in the foregoing discussion.

looking statements  contained in the foregoing discussion.

A more complete disclosure about forward-looking

A more complete disclosure about forward-looking

statements can be found in our most recent annual report

statements can be found in our most recent annual report

on Form 10-K and quarterly report on Form 10-Q.  The

on Form 10-K and quarterly report on Form 10-Q.  The

company undertakes no obligation to update any forward-

company undertakes no obligation to update any forward-

looking statements as a result of future developments or

looking statements as a result of future developments or

new information.

new information.

2008 FINANCIAL

2008 FINANCIAL

PERFORMANCE

PERFORMANCE

Five-Year Asset –

Loan Growth  (1)

15% (31.1 MM)

increase in assets

7.7% ($10.9MM)

increase in loan

portfolio

11.3% ($19.2MM)

increase in

deposits

2008 deposit

market share %

increased in seven

of ten markets (2)

(1) Consumers Bancorp, Inc. Form 10-K (June 2008)

(2) FDIC Summary of Deposits (June 2007, 2008)

$100,000

$120,000

$140,000

$160,000

$180,000

$200,000

$220,000

$240,000

2004

2005

2006

2007

2008

Assets

Loans

Deposits

Checking Account Balance Trend (1)

$51,028

$52,052

$52,256

$57,780

$46,000

$48,000

$50,000

$52,000

$54,000

$56,000

$58,000

2005

2006

2007

2008

Checking Accounts

$5.5 MM  (10.5%)

growth in 2008.

Strong DDA / NOW

funding (25% of

assets) is key to the

bank’s margin

performance

Supports

noninterest income

growth

(1) Consumers Bancorp, Inc. Form 10-K (June 2008)

ROE & ROA Trend (1)

1.13%

1.03%

0.59%

0.63%

0.82%

0.00%

0.20%

0.40%

0.60%

0.80%

1.00%

1.20%

2004

2006

2008

ROA

(1) Consumers Bancorp, Inc. Form 10-K (June 2008)

11.65%

10.24%

6.08%

6.43%

9.09%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

2004

2005

2006

20072008

ROE

Earning & Dividends Per Share (1)

(1) Consumers Bancorp, Inc. Form 10-K (June 2008)

0.97

0.91

0.55

0.6

0.88

$0.00

$0.10

$0.20

$0.30

$0.40

$0.50

$0.60

$0.70

$0.80

$0.90

$1.00

2004

2006

2008

Earnings / Share

0.34

0.36

0.32

0.26

0.34

$0.00

$0.05

$0.10

$0.15

$0.20

$0.25

$0.30

$0.35

$0.40

2004

2006

2008

Dividends / Share

Equity (1)

At June 30, 2008: Bank exceeded well-capitalized level by $4.6 MM

Tier 1 to

Tier 1 to

Avg.

Avg.

Assets

Assets

Tier 1 to

Tier 1 to

RWA

RWA

Capital to

Capital to

RWA

RWA

Minimum

Required to be

well -capitalized

Actual

Actual

6/30/08

6/30/08

5.0%

5.0%

$11.3

$11.3

7.7%

7.7%

$17.5

$17.5

6.0%

6.0%

$10.0

$10.0

10.5%

10.5%

$17.5

$17.5

10.0%

10.0%

$16.6

$16.6

12.7%

12.7%

$21.2

$21.2

Ratio

Ratio

$

$

Ratio

Ratio

$

$

(1) Consumers Bancorp, Inc. Form 10-K (June 2008)

$17,000

$17,500

$18,000

$18,500

$19,000

$19,500

$20,000

2004

2006

2008

Equity

THE PRESENT

THE PRESENT

The Environment

The Environment

IndyMac

IndyMac

WaMu

WaMu

Wachovia

Wachovia

Government Bailouts

Government Bailouts

Lehman Brothers

Lehman Brothers

Mortgage Crisis

Mortgage Crisis

Credit Crisis

Credit Crisis

Bear Stearns

Bear Stearns

Fannie Mae

Fannie Mae

Freddie Mac

Freddie Mac

DJIA Below 8,000

DJIA Below 8,000

Slashed Dividends

Slashed Dividends

Uncertainty

Uncertainty

Fear

Fear

The Effect

The Effect

Funds are moving from the market to insured

Funds are moving from the market to insured

deposit accounts--increased insurance coverage

deposit accounts--increased insurance coverage

to $250,000 per depositor is contributing to this

to $250,000 per depositor is contributing to this

flow of funds

flow of funds

We monitor deposit movement and remain

We monitor deposit movement and remain

relatively liquid to enable rapid response

relatively liquid to enable rapid response

We are counseling customers on their options

We are counseling customers on their options

We are stressing the local community bank

We are stressing the local community bank

difference—we are the solution; not the problem

difference—we are the solution; not the problem

We continue

We continue

to lend to credit-worthy borrowers

to lend to credit-worthy borrowers

THE FUTURE

THE FUTURE

PEOPLE

PEOPLE

TECHNOLOGY

TECHNOLOGY

COMMUNITY

COMMUNITY

Because people make the difference we

Because people make the difference we

have invested in:

have invested in:

Full-time manager in East

Full-time manager in East

Canton branch

Canton branch

Full-time manager in

Full-time manager in

Louisville branch

Louisville branch

Additional business

Additional business

development officer in

development officer in

east markets

east markets

Business development

Business development

officer in Alliance market

officer in Alliance market

New business

New business

development officer in

development officer in

south markets

south markets

Additional portfolio

Additional portfolio

manager in west market

manager in west market

Portfolio Assistant for

Portfolio Assistant for

central and east markets

central and east markets

Full time Director of

Full time Director of

Marketing

Marketing

The Goal:

Increase Exposure

Increase Accessibility

Increase Customer Service

e-Courier Deposit

e-Courier Deposit

Customers make

Customers make

deposits electronically

deposits electronically

from their business

from their business

location

location

Expand Consumers’

Expand Consumers’

market reach beyond

market reach beyond

the existing branch

the existing branch

network

network

Deepen relationships

Deepen relationships

with geographically

with geographically

diverse loan customers

diverse loan customers

Expand deposit base

Expand deposit base

with minimal capital

with minimal capital

investment

investment

e-Courier Deposit

e-Courier Deposit

Financial Insights projects

Financial Insights projects

that by 2011 25% of all

that by 2011 25% of all

businesses will use remote

businesses will use remote

deposit capture on a regular

deposit capture on a regular

basis (1).

basis (1).

There are 19,832 businesses

There are 19,832 businesses

in our three county market:

in our three county market:

Carroll (1,023); Columbiana

Carroll (1,023); Columbiana

(4,860) and Stark (13,949)

(4,860) and Stark (13,949)

(2).

(2).

(1)

Bank Technology News (9/2007)

(2)

BancIntelligence

(10/2008)

CNB MOBILE

CONNECT --

BANK

ANYWHERE,

ANYTIME

Mobile Connect—We are ready

Mobile Connect—We are ready

Celent’s

report

on mobile

banking

indicates that

35% of U.S.

households will

access their

banking

accounts using

mobile phones

by 2010

Expanded ATM Network

Expanded ATM Network

480 FREE ATMS IN OHIO

THOUSANDS

NATIONWIDE

Money Pass ATM Network

Money Pass ATM Network

24,000,000 cardholders

24,000,000 cardholders (1)

(1)

750+ Participating

750+ Participating

Institutions

Institutions (1)

(1)

Strong Midwest, Mid-

Strong Midwest, Mid-

Atlantic and West

Atlantic and West

coverage

coverage

Web-based ATM locator

Web-based ATM locator

Retain & attract

Retain & attract

customers by providing

customers by providing

necessary convenience

necessary convenience

and value

and value

(1) Moneypass.com

COMMUNITY

COMMUNITY

Community Involvement

Community Involvement

Community Support

Community Support

Habitat for Humanity

Habitat for Humanity

Chambers of Commerce

Chambers of Commerce

Alliance Area Development

Alliance Area Development

Foundation & Greater

Foundation & Greater

Alliance Development Corp.

Alliance Development Corp.

YMCA

YMCA

Community Action Agency

Community Action Agency

Big Brothers / Sisters

Big Brothers / Sisters

Mayor’s Economic Advisory

Mayor’s Economic Advisory

Board—Salem

Board—Salem

Community Action Credit

Community Action Credit

Counseling

Counseling

4-

4-

H Programs

H Programs

Rotary Committees

Rotary Committees

Kiwanis

Kiwanis

Junior Achievement

Junior Achievement

(Stark & Mahoning)

(Stark & Mahoning)

Alliance Balloon Lift-off

Alliance Balloon Lift-off

Municipal and Civic

Municipal and Civic

Organization Loans

Organization Loans

Church Loan Program

Church Loan Program

The Management Team

The Management Team

R. Geis-Deposit Ops.

R. Geis-Deposit Ops.

S. Gross-

S. Gross-

Risk Mgt.

Risk Mgt.

P. Hugenberg-CIO

P. Hugenberg-CIO

P. Suarez-

P. Suarez-

SLO

SLO

R. Wood-CFO

R. Wood-CFO

S. Badman

S. Badman

–

–

Marketing

Marketing

M. Berresford

M. Berresford

-

-

Facilities

Facilities

L. Carper –

L. Carper –

Loan Ops.

Loan Ops.

K. Chuckalovchak-

K. Chuckalovchak-

IT

IT

D. Downard

D. Downard

–

–

Investment

Investment

Services

Services

R. Gilroy-Credit

R. Gilroy-Credit

F. Lang -

F. Lang -

Security

Security

L. Ray –

L. Ray –

Br. Operations

Br. Operations

S. Tsirelis-

S. Tsirelis-

HR

HR

J. Wenderoth-

J. Wenderoth-

Br. Admin

Br. Admin

133 Years of banking

experience in the

senior management

group

LEVERAGE YOUR INVESTMENT

LEVERAGE YOUR INVESTMENT

Make Consumers National Bank your bank on a personal and

Make Consumers National Bank your bank on a personal and

business level.

business level.

Be aware of the role community banks play in the local economy.

Be aware of the role community banks play in the local economy.

Become an advocate of community banking. Know the diffference.

Become an advocate of community banking. Know the diffference.

Stay aware of the impact legislation may have on your bank and

Stay aware of the impact legislation may have on your bank and

communicate concerns to your legislators.  Events are developing

communicate concerns to your legislators.  Events are developing

quickly, however, targeted efforts to affect change can make a

quickly, however, targeted efforts to affect change can make a

difference.

difference.

Refer

Refer

personal

personal

and

and

business

business

associates

associates

to

to

your

your

community

community

bank.

bank.

Consumers National Bank direct mail marketing piece