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