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Ameriana Bancorp Names Three New Directors

Ameriana Bancorp (NASDAQ: ASBI), parent company of Ameriana Bank, today announced that Jennifer P. Bott, William F. McConnell Jr. and Michael W. Wells have been appointed to the Boards of Directors of the Company and Ameriana Bank. Their appointments expand the Board to 10 members.

Jerome J. Gassen, President and Chief Executive Officer of Ameriana Bancorp, said, “We are delighted that Jennifer, Bill and Mike have agreed to join our Board. The Board reviewed a long list of candidates, searching for directors with qualities that would truly enhance the current Board and add to the overall expertise. They each bring skills, perspectives and personal spheres of influence that will prove invaluable to the Company as we continue to expand our presence in central Indiana.”

Chairman of the Board Michael E. Kent added, “These additions improve the diversity of the Board while providing depth for succession planning. Furthermore, the new directors will strengthen the Board’s committee structure and strategically broaden our influence in the new growth markets that we serve.”

Jennifer Bott is the first woman to be appointed to the Board in Company history. She is an Associate Professor of Management for Ball State University’s Miller College of Business and currently serves as Assistant Provost for Learning Initiatives. In that role, she oversees the work of the University’s School of Extended Education and iLearn: Integrated Learning Institute, a recently created academic affairs unit. This unit brings together student support, instructional design and faculty and administrative services for online and blended education.

Bott earned her master’s and doctoral degrees from the University of Akron. She has served in a variety of roles at Ball State, most recently as the Executive Director of the Master of Business Administration and Certificate Programs at the Miller College of Business. For the academic years 2004-2005 and 2005-2006, she was the recipient of the Delta Sigma Pi Professor of the Year and the Extraordinary Year Award for the Miller College of Business in 2007. She was awarded Junior Faculty of the Year in 2009 and won an Innovation in Business Award for her immersive learning activities from the Mid-Continent Association to Advance Collegiate Schools of Business Deans. In 2011, Bott was recognized for outstanding contributions to education by the Muncie and Delaware County Chamber of Commerce.

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