Jeffersonville Bancorp (JFBC) to Voluntarily Delist from NASDAQ

Jeffersonville Bancorp, Inc. (Nasdaq: JFBC) today submitted written notice to the Nasdaq Capital Market of its intention to voluntarily delist its common stock, $0.50 par value, from Nasdaq. The Company intends to file a Form 25 with the Securities and Exchange Commission on June 4, 2012 to delist its common stock. The common stock will continue to be listed until June 1, 2012. The Company intends to commence quotation and trading under the symbol "JFBC" on the OTCQB Marketplace, operated by OTC Markets Group, promptly following the delisting. The Company also intends to file a Form 15 with the SEC on or about June 14, 2012 in order to terminate the registration of the common stock pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934, as amended, and to notify the SEC of the automatic suspension of its public reporting obligations under Sections 13(a) and 15(d) of the Exchange Act.

The Company's Board of Directors authorized the delisting and deregistration of the Company's common stock after concluding that the consequences of remaining an SEC-reporting company, including the significant costs associated with regulatory compliance, outweighed the current benefits of public company status to the Company and its stockholders. The Company's Board of Directors believes that the expense reductions inherent in delisting and deregistering its shares will benefit the Company and its stockholders, and ultimately will serve to maximize the value of the Company.

In deciding to voluntarily delist and deregister the common stock, the Company's Board of Directors considered several factors, including the following:

• the fact that the Company's common stock is thinly traded;
  
• the lack of an anticipated need to raise additional capital in the short term;
  
• the costs, both direct and indirect, associated with the preparation and filing of the Company's periodic reports with the SEC;
  
• the fact that the Company will continue to file required reports with the Federal Reserve; and
  
• the ability of the Company's stock to continue trading through the OTCQB Marketplace operated by OTC Markets Group.

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