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Kentucky First Federal Bancorp Announces Completion Of Acquisition Of CKF Bancorp, Inc. And Results Of Stock/Cash Elections

Kentucky First was advised by Capital Resources Group, Inc. and the law firm of Kilpatrick Townsend and Stockton LLP. CKF Bancorp was advised by RP Financial, LC. and the law firm of Luse Gorman Pomerenk & Schick, P.C.

Pursuant to the merger agreement, W. Banks Hudson and William H. Johnson, who both currently serve on the board of directors of CKF Bancorp, will be appointed to the board of directors of Kentucky First. Mr. Johnson, former President and CEO of CKF Bancorp and Central Kentucky Federal Savings Bank, will serve in the position of Vice President of Kentucky First and Senior Vice President and President of the Danville-Lancaster Operations of First Federal of Frankfort. Russell M. Brooks, former Executive Vice President and Chief Financial Officer of CKF Bancorp and Central Kentucky Federal Savings Bank, will serve as Vice President of Kentucky First and CFO of First Federal of Frankfort.

On August 17, 2012, Kentucky First announced that Tony D. Whitaker would retire from daily activity at the end of 2012. Mr. Whitaker will remain Chairman of the board of directors of Kentucky First, while Don D. Jennings, currently serving as President and Chief Operating Officer, will assume the role of Chief Executive Officer, as well. Mr. Whitaker also retired as President and Chief Executive Officer of First Federal Savings and Loan Association of Hazard. Mrs. Lou Ella Farler, former Vice President of the association, assumes the responsibilities of President and CEO of the Hazard bank.

About Kentucky First Federal Bancorp

Kentucky First Federal Bancorp is the parent company of First Federal Savings and Loan Association of Hazard, which operates one banking office in Hazard, Kentucky, and First Federal Savings Bank of Frankfort, which operates six banking offices in Frankfort, Danville, and Lancaster, Kentucky. Kentucky First Federal Bancorp shares are traded on the Nasdaq Global Market under the symbol KFFB.

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