[PULASKI FINANCIAL CORP. LETTERHEAD]



               PULASKI FINANCIAL DECLARES QUARTERLY CASH DIVIDEND
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         ST. LOUIS, MO (MARKETWIRE) - September 19, 2008 - Pulaski Financial
Corp. (NASDAQ-GS: PULB-News) announced that its Board of Directors declared its
regular quarterly cash dividend of 9.5 cents per share, which equals an
annualized dividend rate of 38 cents per share. The quarterly dividend is
payable on October 14, 2008 to shareholders of record on October 3, 2008.

         Pulaski Financial Corp., operating in its 86th year through its
subsidiary, Pulaski Bank, serves customers throughout the St. Louis metropolitan
area. The bank offers a full line of quality retail-banking and commercial
products through 12 full-service bank locations in St. Louis and three loan
production offices in St. Louis, Kansas City and Illinois. The company's web
site can be accessed at www.pulaskibankstl.com.
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Contact:
Investor Inquiries:
Ramsey Hamadi
Chief Financial Officer
Pulaski Financial Corp.
(314) 878-2210 Ext. 3825

Media Inquiries:
Dan Callahan
Senior Vice President
Fleishman-Hillard Inc.
(314) 982-0553