Exhibit 99.1

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News Release
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FOR IMMEDIATE RELEASE:     March 1, 1999 10:00 AM, EST, Greensburg, IN

CONTACT:                   Robert E. Hoptry, Chairman and CEO
                           Indiana United Bancorp, (812) 663-0157

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                     Indiana United Bancorp (NASDAQ: IUBC)
               Announces Acquisition of Four More Banking Offices


Indiana United Bancorp ("IUB") today announced the acquisition of four bank
branches in Henry and Wayne counties, Indiana. Two branches are located in New
Castle and one each in Knightstown and Cambridge City.

This transaction completes IUB's aggressive branch acquisition initiative
announced in December, 1997, when it issued $22,425,000 of Trust Preferred
Securities to support its growth strategy. Since that time, IUB has acquired 11
branches with deposits totaling $226 million. Each of these branch acquisitions
represents logical extensions of, or strengthens its presence in, it's existing
markets.

The latest acquisitions were integrated into People's Trust Company, Brookville,
Indiana, which now has assets totaling $432 million and operates 21 offices in
nine Indiana counties.

Three previous branch acquisitions were absorbed by Regional Bank, New Albany,
Indiana, a bank with $187 million in assets, operating six offices in Floyd and
Clark counties, Indiana. Four other branches located in Madison and Hancock
counties, Indiana, were acquired in two transactions in the second half of 1998
and were integrated into IUB's Union Bank subsidiary. Union Bank, headquartered
in Greensburg, Indiana, has assets of $312 million and also plans to open two de
novo branches in Madison County in the second quarter of 1999. At that time, it
will operate 14 offices in four Indiana counties.

Robert E. Hoptry, Chairman and CEO, stated, "Indiana United is a community based
banking organization, strongly committed to preserving the highest level of
personal service, offering a full array of banking, trust and insurance
products. Our strategy of acquiring branches in smaller towns being abandoned by
our larger banking competition should comfort the citizens of these communities
knowing that we understand and truly want to fulfill their financial needs."

Indiana United Bancorp is headquartered in Greensburg, Indiana, with assets
totaling $925 million. It operates banking offices in 15 counties throughout
eastern and southern Indiana.

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