1ST BANCORP ANNOUNCES 100% INCREASE IN QUARTERLY DIVIDEND.

Vincennes, Indiana--(BUSINESS WIRE)--August 15, 1995--The Board of Directors of 1ST BANCORP has doubled its regular quarterly cash dividend to $.10 per share of common stock, according to Chairman C. James McCormick. The first eleven consecutive dividends paid by the Corporation were $.05 per share. This $.10 per share dividend will be the twelfth consecutive dividend paid by the Corporation.

``Based on our record fiscal year 1995 earnings and ongoing profitability, we are pleased to announce this increase in the quarterly dividend paid to shareholders,'' stated Chairman McCormick. ``We are especially excited about the 100% increase in dividend and wish to reward our shareholders for their continued support of 1ST BANCORP.''

The dividend will be paid September 15, 1995 to shareholders of record as of August 31, 1995.

1ST BANCORP (NASDAQ - FBCV) is a holding company whose subsidiaries include First Federal Bank, A Federal Savings Bank, First Financial Insurance Agency, Inc., and First Title Company. The Bank operates retail banking offices in Vincennes, Tipton, and Kokomo, Indiana and operates loan origination offices in Indianapolis, New Albany, and Evansville, Indiana and Loveland (suburb of Cincinnati) and Centerville (suburb of Dayton), Ohio.

CONTACT: 1ST BANCORP, Vincennes

Frank Baracani, 812/882-4528