Ameriana Declares Regular Quarterly Cash Dividend of $0.04 Per Share

March 15, 2007

NEW CASTLE, Ind.-- Jerome J. Gassen, President and Chief Executive Officer of Ameriana Bancorp (NASDAQ:ASBI), announced that the Company's Board of Directors has declared a regular quarterly cash dividend of $0.04 per share. The quarterly dividend is payable on April 9, 2007, to shareholders of record as of March 26, 2007.

Ameriana Bancorp is a bank holding company. Through its wholly owned subsidiary, Ameriana Bank, SB, the Company 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 Linsco/Private Ledger.

Source: Ameriana Bancorp