Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On July 19, 2012, Porter Bancorp, Inc., parent company of PBI Bank, announced that John T. Taylor had been named President and CEO of PBI Bank and President of Porter Bancorp, Inc. Mr. Taylor will also be appointed to the board of directors of Porter Bancorp and PBI Bank .

Maria L. Bouvette, who previously served as President of Porter Bancorp and President and CEO of PBI Bank, will continue to serve as Chief Executive Officer and Chairman of the Board for Porter Bancorp, and Chairman of the Board of PBI Bank.

A copy of the press release announcing these changes is attached as Exhibit 99.1 to this report.

Mr. Taylor, age 52, most recently served as President and CEO of American Founders Bank, Inc. and American Founders Bancorp, Inc. of Lexington, Kentucky. Before joining American Founders in 2007, he served in senior management positions with increasing responsibility for PNC Bank, N.A., including as President of its Ohio/ Northern Kentucky region from 2001 through 2007. He has over 28 years of banking experience in Kentucky and Ohio. Mr. Taylor holds a Master's Degree in Business Administration and a Bachelor's Degree in Business Administration from the University of Kentucky. He is actively involved in a number of civic and professional organizations and currently serves on the Advisory Council of the Lexington Federal Reserve.

In connection with Mr. Taylor's appointment to these positions, Porter Bancorp and PBI Bank expect to enter into an employment agreement with Mr. Taylor, when the terms of the agreement receive requisite approvals by the Federal Deposit Insurance Corporation and the Federal Reserve Board.

Item 9.01 Financial Statements and Exhibits.

Exhibit Number Description of Exhibit

99.1 Press release issued July 19, 2012.

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