SOURCE: Pulaski Financial

October 10, 2007 11:21 ET

Pulaski Financial Slates Clayton Bank Opening

Veteran Clayton Banker Joins Pulaski as Bank Manager

ST. LOUIS, MO--(Marketwire - October 10, 2007) - Pulaski Financial Corp. (NASDAQ: PULB) announced the scheduled opening of an important new bank location, located in the upscale St. Louis suburb of Clayton. The new location, Pulaski's 12th full-service bank location in the St. Louis area, is scheduled to open October 22, 2007. The bank will host a grand opening in November.

Pulaski also announced Debbie Hanak, a well-known Clayton banker for more than 10 years, has joined the company and will be the new bank's manager. She was previously at Missouri State Bank and Southwest Bank where she served as Clayton branch manager. She has also been actively involved with cash management, merchant and preferred customer banking operations.

"Opening our Clayton location is an exciting and long-anticipated event," said Pulaski Chairman and CEO William A. Donius. "Clayton is one of the region's most important and influential centers for business and financial activities. Our new 4,000 square foot facility will offer every service and amenity for our commercial and retail customers. We are excited about mining the most deposit rich portion of the region. We are very fortunate to have hired Debbie, a proven leader and producer in St. Louis banking."

The Clayton bank, located at 175 Carondelet Street in The Crescent, a new mixed use residential and retail development next to the Ritz-Carlton Hotel in the heart of Clayton, includes a drive-up and designated parking. Donius said it will have a strong focus on serving small and mid-sized businesses, which are prevalent in Clayton. Brian Bjorkman, Pulaski's president of commercial lending, will spend a significant amount of time at the new location in its early stages of operation, added Donius.

The Clayton bank features an open design and sleek, contemporary look. There are comfortable, dedicated areas for personal and business banking transactions. The bank will include a number of employees and managers experienced in serving the Clayton community.

The new bank is the latest of three new locations Pulaski has opened this year. As part of its initiative to become the premier community bank to St. Louis, Pulaski Bank opened a new full-service banking location in suburban Richmond Heights in January and its first location in downtown St. Louis in August.

About Pulaski Financial

Pulaski Financial Corp., operating in its 85th year through its subsidiary, Pulaski Bank, serves customers throughout the St. Louis metropolitan area. The bank offers a full line of quality retail-banking products through 11 full-service branch offices in St. Louis and three loan production offices in Kansas City and the Illinois portion of the St. Louis metroplex. The company's website can be accessed at www.pulaskibankstl.com.

This news release may contain forward-looking statements about Pulaski Financial Corp., which the Company intends to be covered under the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. These forward-looking statements cover, among other things, anticipated future revenue and expenses and the future plans and prospects of the Company. These statements often include the words "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," "targets," "potentially," "probably," "projects," "outlook" or similar expressions. You are cautioned that forward-looking statements involve uncertainties, and important factors could cause actual results to differ materially from those anticipated, including changes in general business and economic conditions, changes in interest rates, legal and regulatory developments, increased competition from both banks and non-banks, changes in customer behavior and preferences, and effects of critical accounting policies and judgments. For discussion of these and other risks that may cause actual results to differ from expectations, refer to our Annual Report on Form 10-K for the year ended September 30, 2006, and our Quarterly Reports on Form 10-Q for the quarters ending December 31, 2006, March 31, 2007 and June 30, 2007on file with the SEC, including the sections entitled "Risk Factors." These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update them in light of new information or future events.

Contact Information

  • For Additional Information Contact:
    William A. Donius
    Chairman & CEO
    Pulaski Financial Corp.
    (314) 878-2210 Ext. 3610

    Tad Gage or Woody Wallace
    The Investor Relations Company
    (312) 245-2700