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

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North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.