EXHIBIT 1


                                      NEWS

For Release                                                   September 13, 1996

Point of Contact: Charles J. Viater


                     MFB Corp. ANNOUNCES ANNUAL MEETING DATE

Mishawaka, Indiana - MFB Corp. (NASDAQ/MFBC) (the "Corporation"), parent company
of Mishawaka Federal Savings (the "Bank"), announced today that it will hold its
Annual Meeting of  Shareholders at the McKinley Branch Office of the Bank at 411
W. McKinley  Avenue,  Mishawaka,  Indiana 46545 on Tuesday,  January 21, 1997 at
7:00 p.m.  Eastern  Standard time. The bank is a wholly owned  subsidiary of MFB
Corp.  with assets of $211 million as of June 30, 1996. The bank provides retail
and small business financial services to the South  Bend/Mishawaka  area through
its  main  office  in  Mishawaka  and  three  branch  locations  throughout  the
community.