Summary of MADISON COUNTY FINANCIAL, INC.

Item 8.01 Other Events

Madison County Financial, Inc., the holding company for Madison County Bank, announced that it closed its stock offering today. The stock offering is a part of the mutual to stock conversion of Madison County Holding Company, MHC, the former mutual holding company of Madison County Bank.

Shares of Madison County Financial, Inc. are expected to begin trading Thursday, October 4, 2012, on The Nasdaq Capital Market under the symbol "MCBK." As previously disclosed, Madison County Financial, Inc. sold 3,193,054 shares of its common stock at $10.00 per share in a subscription offering and community offering, including 255,444 shares, equal to 8.0% of the shares sold in the offering, to the Madison County Bank employee stock ownership plan.

The subscription offering and community offering was managed by Keefe, Bruyette & Woods, Inc. Luse Gorman Pomerenk & Schick, P.C. acted as counsel to Madison County Financial, Inc., Madison County Holding Company, MHC and Madison County Bank. Silver Freedman & Taff, L.L.P. acted as counsel to Keefe , Bruyette & Woods, Inc.

For questions relating to the offering, please contact the Stock Information Center at (877) 860-2086. Stock certificates will be processed promptly after the close of the transaction.

Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements about the offering. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as "believe," "expect," "anticipate," "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could," or "may." Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include delays in the trading of the Company's common stock on the NASDAQ Stock Market and legislative and regulatory changes that could adversely affect the business in which Madison County Financial, Inc. and Madison County Bank are engaged.