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October 19, 2007
Contact: Charles J. Viater

President/CEO

               MFB CORP. ANNOUNCES QUARTERLY DIVIDEND DECLARATION

Mishawaka, Indiana - MFB Corp. (NASDAQ/MFBC) (the "Corporation"), parent company
of MFB Financial (the "Bank"), announced today that the Corporation has declared
a cash dividend of $0.190 (nineteen cents) per share of common stock for the
quarter ended September 30, 2007. The dividend is payable on November 13, 2007
to holders of record on October 30, 2007. Charles J. Viater, President and CEO
stated, "This dividend represents a 15.2% increase over the dividend declared
for the quarter ended September 30, 2006. This increase provides continued
evidence of the Corporation's commitment to core earnings growth and shareholder
value." MFB Corp expects to release its earnings for the fiscal year ended
September 30, 2007 as soon as the annual audit is completed by its independent
accounting firm.

MFB Corp.'s wholly owned federal savings bank subsidiary, MFB Financial (the
"Bank") conducts business in Indiana from their corporate office in Mishawaka
and eleven banking centers in St. Joseph, Elkhart and Hamilton Counties. The
Bank offers a variety of lending, deposit and other financial services to its
retail and business customers. The Wealth Management Group of the Bank attracts
high net worth clients and offers trust, investment, insurance, broker advisory,
retirement plan and private banking services in the Bank's primary counties and
Montgomery County, Indiana. The Bank has also recently added a New Buffalo
mortgage loan office located in Berrien County, Michigan. For more information,
go to www.mfbbank.com.