1

                                                                      Exhibit 99



PRESS RELEASE                        FOR IMMEDIATE RELEASE
                                     ---------------------
                                     Contact: Laird Lazelle, President and CEO
                                     Telephone: (513) 721-0120


                     FOUNDATION BANCORP, INC. TO BE ACQUIRED

CINCINNATI, OHIO, April 3, 2001 - Foundation Bancorp, Inc. (OTC BB: FOUN) of
Cincinnati, Ohio ("Foundation"), announced today the execution of a definitive
agreement under the terms of which George J. Budig will acquire Foundation in a
cash transaction where Foundation shareholders will receive $17.60 in cash for
each share of Foundation common stock. Completion of the acquisition is subject
to receipt of regulatory approvals and the approval of Foundation's
shareholders.

Budig will make the acquistion through Garfield Acquisition Company, a
newly-formed company which is wholly-owned by him.

Laird Lazelle, the President and Chief Executive Officer of Foundation, noted
that, "We are very pleased to be taking this step toward maximizing shareholder
value. Under our new ownership, the employees of Foundation will continue
providing the same quality service our customers have grown accustomed to
receiving, and we look forward to increasing the types of services available to
our community."

The transaction value is equivalent to approximately 1.19 times the fully
diluted tangible book value of Foundation at December 31, 2000 and approximately
48 times the latest twelve months earnings. The transaction is expected to close
in the third quarter of 2001. Keefe, Bruyette & Woods, Inc. acted as financial
advisor to Foundation. Vorys, Sater, Seymour and Pease LLP acted as legal
counsel to Foundation.

Foundation serves the greater Cincinnati, Ohio market, including northern
Kentucky, through one full-service office located in downtown Cincinnati. At
December 31, 2000, Foundation had total assets of $34.3 million, deposits of
$26.4 million and stockholders' equity of $7.1 million.