EXHIBIT 99.1

                      [PULASKI FINANCIAL CORP. LETTERHEAD]


         PULASKI FINANCIAL APPOINTS PAUL MILANO CHIEF FINANCIAL OFFICER

St. Louis, Missouri, May 14, 2009 -- Pulaski Financial Corp. (Nasdaq GS: PULB)
(the "Company"), the holding company for Pulaski Bank, announced that Paul J.
Milano has been named Chief Financial Officer of the Company and the Bank. Mr.
Milano has been serving as interim CFO since April 1, 2009.

Commenting on the appointment, Gary W. Douglass, President and Chief Executive
Officer stated: "Our search confirmed that Paul is the right person for this
position. We are confident that Paul will serve our organization well."

Mr. Milano, a native of St. Louis, Missouri, joined Pulaski Bank in January 2006
and has served as Treasurer and Controller. He previously served as a director
of and consultant to Premier Bancshares, Inc., a $148-million bank holding
company headquartered in Dallas, Texas. Before joining Premier in 2003, Mr.
Milano served as Senior Vice President, Secretary, Treasurer and Chief Financial
Officer of Jefferson Savings Bancorp, Inc., a $2 billion publicly-traded thrift,
until it was merged into Union Planters Bank in 2002 following its purchase. Mr.
Milano also served nine years with the public accounting firm of KPMG LLP,
leaving in 1990 as Senior Manager to join Jefferson Savings. Mr. Milano is a
member of the American Institute of Certified Public Accountants and the
Missouri Society of Certified Public Accountants.

Pulaski Financial Corp., operating in its 87th year through its subsidiary,
Pulaski Bank, serves customers throughout the St. Louis metropolitan area. The
bank offers a full line of quality retail and commercial banking products
through twelve full-service branch offices in St. Louis and three loan
production offices in the Kansas City and St. Louis metropolitan areas. The
Company's Web site can be accessed at www.pulaskibankstl.com.

THIS NEWS RELEASE MAY CONTAIN FORWARD-LOOKING STATEMENTS ABOUT PULASKI FINANCIAL
CORP., WHICH THE COMPANY INTENDS TO BE COVERED UNDER THE SAFE HARBOR PROVISIONS
CONTAINED IN THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. STATEMENTS
THAT ARE NOT HISTORICAL OR CURRENT FACTS, INCLUDING STATEMENTS ABOUT BELIEFS AND
EXPECTATIONS, ARE FORWARD-LOOKING STATEMENTS. THESE FORWARD-LOOKING STATEMENTS
COVER, AMONG OTHER THINGS, ANTICIPATED FUTURE REVENUE AND EXPENSES AND THE
FUTURE PLANS AND PROSPECTS OF THE COMPANY. THESE STATEMENTS OFTEN INCLUDE THE
WORDS "MAY," "COULD," "WOULD," "SHOULD," "BELIEVES," "EXPECTS," "ANTICIPATES,"
"ESTIMATES," "INTENDS," "PLANS," "TARGETS," "POTENTIALLY," "PROBABLY,"
"PROJECTS," "OUTLOOK" OR SIMILAR EXPRESSIONS. YOU ARE CAUTIONED THAT
FORWARD-LOOKING STATEMENTS INVOLVE UNCERTAINTIES, AND IMPORTANT FACTORS COULD
CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE ANTICIPATED, INCLUDING
CHANGES IN GENERAL BUSINESS AND ECONOMIC CONDITIONS, CHANGES IN INTEREST RATES,
LEGAL AND REGULATORY DEVELOPMENTS, INCREASED COMPETITION FROM BOTH BANKS AND
NON-BANKS, CHANGES IN CUSTOMER BEHAVIOR AND PREFERENCES, AND EFFECTS OF CRITICAL
ACCOUNTING POLICIES AND JUDGMENTS. FOR DISCUSSION OF THESE AND OTHER RISKS THAT
MAY CAUSE ACTUAL RESULTS TO DIFFER FROM EXPECTATIONS, REFER TO OUR ANNUAL REPORT
ON FORM 10-K AND OUR QUARTERLY REPORTS ON FORM 10-Q ON FILE WITH THE SEC,
INCLUDING THE SECTIONS ENTITLED "RISK FACTORS." THESE RISKS AND UNCERTAINTIES
SHOULD BE CONSIDERED IN EVALUATING FORWARD-LOOKING STATEMENTS AND UNDUE RELIANCE
SHOULD NOT BE PLACED ON SUCH STATEMENTS. FORWARD-LOOKING STATEMENTS SPEAK ONLY
AS OF THE DATE THEY ARE MADE, AND THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE
THEM IN LIGHT OF NEW INFORMATION OR FUTURE EVENTS.

FOR ADDITIONAL INFORMATION CONTACT:
Gary W. Douglass
President and Chief Executive Officer
Pulaski Financial Corp.
(314) 878-2210 Ext. 5101