New Castle-based Ameriana Bancorp (Nasdaq: ASBI) has re-elected four directors. They include the chief executive officer of City Securities Corp. and the interim dean of Ball State University's Miller College of Business. May 15, 2015

News Release

NEW CASTLE, Ind. (May 14, 2015) – Following the Company's 2015 annual meeting today, Michael E. Kent, Chairman of the Board of Ameriana Bancorp (NASDAQ: ASBI), reviewed the voting results with those in attendance and noted that shareholders re-elected four directors to new three-year terms that will expire at the 2018 annual meeting of shareholders. Elected to new three-year terms were Michael E. Bosway, President and Chief Executive Officer of City Securities Corporation in Indianapolis; Jennifer P. Bott, Professor of Management and Interim Dean at Ball State University's Miller College of Business; R. Scott Hayes, a partner in Hayes Copenhaver Crider Harvey, LLP, in New Castle, Indiana, the law firm that serves as General Counsel to the Company; and Michael E. Kent, Chairman of the Board of Directors of Ameriana Bancorp and Ameriana Bank.

The Company's Directors continuing in office include: Jerome J. Gassen, President and Chief Executive Officer of Ameriana Bancorp and Ameriana Bank; Charles R. Haywood, President and Owner of Mansfield-King; Richard E. Hennessey, Executive Vice President – Real Estate Development of Shiel Sexton Company, Inc.; William F. McConnell, Jr., Senior Vice President and Chief Information Officer of Indiana University Health; Ronald R. Pritzke, Vice Chairman of the Board of Directors of Ameriana Bancorp and Ameriana Bank and of counsel to the law firm of Pritzke & Davis, LLP of Greenfield, Indiana; and Michael W. Wells, President of REI Investments, Inc.

Sadly, Kent also noted that Ameriana has suffered the loss of a dear friend with the recent passing of long-time director, Donald C. (Danny) Danielson. Danielson, who was Vice Chairman of City Securities Corporation of Indianapolis, had been a director of Ameriana Bank since 1971 and of Ameriana Bancorp since its formation in 1990. Outside of his involvement with Ameriana and City Securities, his philanthropic interests and public service were extensive and included board memberships at Indiana University, Henry County Community Foundation, Indiana Basketball Hall of Fame, and the Fellowship of Christian Athletes. According to Kent, Danielson's drive, dedication, vision and energy will be difficult to replace. In light of the vacancy created by Danielson's death, Ameriana's Board of Directors today voted to reduce the size of the board from 11 members to 10.

In other business conducted at the meeting, shareholders ratified the appointment of BKD, LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2015, and approved the non-binding resolution on the compensation of the named executive officers.

Ameriana Bancorp is a bank holding company. Through its wholly owned subsidiary, Ameriana Bank, 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 Bank owns Ameriana Insurance Agency, a full-service insurance agency, and Ameriana Financial Services, which offers securities and insurance products through LPL Financial (Member FINRA/SIPC).

Source: Ameriana Bancorp

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