Exhibit 99 Permanent Bancorp, Inc., Holding Company for Permanent Federal Savings Bank NEWS RELEASE Donald P. Weinzapfel Chairman of the Board, FOR IMMEDIATE RELEASE --------------------- President & Chief May 4, 1998 Executive Officer Permanent Bancorp, Inc. FOR FURTHER INFORMATION ----------------------- 101 S.E. Third Street Murray J. Brown Evansville, IN 47708 Executive Vice President 812-428-6800 812-428-6805 PERMANENT BANCORP, INC. ANNOUNCES ANNUAL MEETING DATE (May 4, 1998) -- Permanent Bancorp, Inc. (NASDAQ:"PERM"), parent of Permanent Federal Savings Bank, Evansville, Indiana, today announced that its annual meeting of shareholders will be held at 4:00 p.m. on Tuesday, July 28, 1998 at the corporate offices at 101 Southeast Third Street, Evansville, Indiana.