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

On August 22, 2012, the board of directors of PBI Bank, Inc., the wholly owned banking subsidiary of Porter Bancorp, Inc., approved changes to the Bank's leadership team.

The Company has filed an application with the Federal Deposit Insurance Corporation seeking approval for the appointment of John R. Davis as Chief Credit Officer of PBI Bank. Upon approval, Mr. Davis would assume responsibility for establishing and executing the credit quality policies and overseeing credit administration for the Porter organization.

John R. Davis, age 49, joined PBI Bank as a credit officer in August 2012 after having served as Executive Vice President - Chief Credit Officer of American Founders Bank, Inc. and American Founders Bancorp, Inc. of Lexington, Kentucky. Before joining American Founders in 2005, he served for 17 years in various commercial lending and credit administration positions of increasing authority with National City Bank. Mr. Davis has an MBA degree from Bellarmine University and is a graduate of the Stonier Graduate School of Banking.

PBI Bank expects to enter into an employment agreement with Mr. Davis when the terms of the agreement receive requisite approval by the FDIC.

In addition, David B. Pierce has accepted a non-executive position with PBI Bank. Mr. Pierce will serve as a special assistant to the President and Chief Executive Officer of PBI Bank, advising with respect to the management of the Bank's investment portfolio, liquidity matters, and matters relating to the Bank's Asset and Liability Committee. Mr. Pierce previously served as Chief Risk Officer of the Company.

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