April 18, 2008                                  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 per share of common stock for the quarter ended March
31, 2008. The dividend is payable on May 13, 2008 to holders of record on April
29, 2008. Charles J. Viater, President and CEO stated, "This dividend represents
a 15.2% increase over the dividend declared for the quarter ended March 31,
2007. This increase provides further evidence of the Corporation's commitment to
core earnings growth and shareholder value." MFB Corp expects to release its
earnings for the quarter ended March 31, 2008 as soon as its quarterly review is
completed by its independent accounting firm.

MFB Corp.'s wholly owned federal savings bank subsidiary, MFB Financial (the
"Bank") conducts business from their corporate office and main office located in
Mishawaka, Indiana and the Bank's eleven banking centers in St. Joseph, Elkhart
and Hamilton Counties of Indiana, and also has a mortgage loan office located in
New Buffalo in Berrien County, Michigan. 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.
For more information, go to www.mfbbank.com.