8-K

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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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                                    FORM 8-K


                                 CURRENT REPORT
     Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported): August 23, 2007


                              PORTER BANCORP, INC.
             (Exact name of registrant as specified in its charter)


        Kentucky                         001-33033              61-1142247
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(State or other jurisdiction of         (Commission           (I.R.S. Employer
 incorporation or organization)         File Number)         Identification No.)


               2500 Eastpoint Parkway, Louisville, Kentucky, 40223
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                    (Address of principal executive offices)


                                 (502) 499-4800
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              (Registrant's telephone number, including area code)



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:

[_] 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 communication pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14-2(b))

[_] Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))


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Item 8.01. Other Events.

On August 23, 2007, Porter Bancorp, Inc. issued a press release announcing that
its Board of Directors declared a cash dividend of $0.20 per share. A copy of
the press release is attached hereto as Exhibit 99.1 to this Form 8-K.


ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

        (d) Exhibits


Exhibit No.     Description of Exhibit
99.1            Press Release issued by Porter Bancorp, Inc. on August 23, 2007






                                   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.


Date: August 23, 2007                  Porter Bancorp, Inc.

                                       By: /s/ Maria L. Bouvette
                                           ---------------------
                                           Maria L. Bouvette,
                                           President and Chief Executive Officer




                                 EXHIBIT INDEX
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Exhibit         Description
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99.1            Press Release dated August 23, 2007

EX-99.1

                                                                    Exhibit 99.1

    Porter Bancorp, Inc. Declares Cash Dividend of $0.20 Per Share


    LOUISVILLE, Ky.--(BUSINESS WIRE)--Aug. 23, 2007--Porter Bancorp,
Inc. (NASDAQ: PBIB), parent company of PBI Bank, announced today that
its Board of Directors declared a cash dividend of $0.20 per share.
The dividend will be payable on October 1, 2007, to shareholders of
record as of September 15, 2007.

    "Our cash dividend is an important part of our strategy to build
long-term shareholder value," stated Maria L. Bouvette, President and
CEO of Porter Bancorp, Inc. "The current yield on our dividend is
approximately 3.6% based on the annualized dividend rate of $0.80 per
share and our recent stock price."

    About Porter Bancorp, Inc.

    Porter Bancorp, Inc. is a bank holding company headquartered in
Louisville, Kentucky. It is the seventh largest independent banking
organization domiciled in the Commonwealth of Kentucky based on total
assets. Through our subsidiary PBI Bank, we operate banking offices in
Louisville and 14 other Kentucky communities located along central
Kentucky's Interstate 65 corridor, which runs through Louisville and
central Kentucky. Porter Bancorp's common stock is traded on the
Nasdaq Global Market under the symbol "PBIB."

    PBIB-F

    PBIB-G


    CONTACT: Porter Bancorp, Inc.
             Maria L. Bouvette, President and CEO, 502-499-4800