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Ameriana Names Jill Followell the West Carmel Banking Center Manager

NEW CASTLE, Ind. (Sept.18, 2008) - Deborah Robinson, Senior Vice President of Retail Banking and Chief Marketing Officer of Ameriana Bank, today announced that Jill Followell has been named Assistant Vice President and West Carmel Banking Center Manager.

In this position, Followell will lead the banking center's retail growth initiatives in Carmel, manage daily operations, as well as deliver innovative sales and service strategies to generate new customer relationships.

In addition, she will be responsible for getting the staff of the West Carmel Banking Center actively involved in community organizations as well as working with business and civic leaders in the area.

"I am excited that Jill decided to join us at Ameriana," said Robinson. "Her experience and leadership accomplishments make her the ideal manager to lead our expansion efforts in the Carmel community."

Followell joins Ameriana from Charter One Bank in Fishers, where she was most recently the Assistant Vice President and Branch Manager. There she was responsible for the daily operations, staff performance and sales initiatives. Prior to Charter One, Followell served as the Retail Manager at the Gap, Inc. in Indianapolis. Followell is also a member of the Fishers

Chamber of Commerce, United Way of Central Indiana, Habitat for Humanity and Junior Achievement.

In January 2008 President and Chief Executive Officer Jerome J. Gassen announced plans to open the West Carmel banking center, Ameriana's sixth location in the greater Indianapolis area and its twelfth across central Indiana. The West Carmel banking center, located on West 106th Street, is scheduled to open in November 2008.

Founded in 1890, over the last few years Ameriana has taken significant steps in reshaping itself as a community bank and introducing a new brand that represents and symbolizes its commitment and promise to engage every customer in genuine and innovative ways.

Ameriana Bank is a wholly owned subsidiary of Ameriana Bancorp (NASDAQ:ASBI), a bank holding company. Ameriana Bank, SB, offers an extensive line of banking services and provides a range of investments and securities products through banking centers in the central Indiana area. Ameriana owns Ameriana Insurance Agency, a full-service insurance agency and has interests in Family Financial Holdings, Inc. and Indiana Title Insurance Company. Ameriana Financial Services offers securities and insurance products through LPL Financial (Member FINRA/SIPC).

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