NASB Financial, Inc.

                     NEWS RELEASE

Contact:  Rhonda Nyhus
          Vice President and Treasurer
          NASB Financial, Inc.
          12498 South 71 Highway
          Grandview, MO  64030
          Phone (816) 765-2200


FOR IMMEDIATE RELEASE:  NASB Financial, Inc. Declares Cash Dividend on
Common Stock
     Grandview, Missouri (April 23, 2007) - At its board meeting on April
20, 2007, the Board of Directors of NASB Financial, Inc. (NASDAQ:NASB),
declared a cash dividend on common stock of $0.225 per share, payable on May
25, 2007, to stockholders of record May 4, 2007.
     NASB Financial, Inc. is a unitary thrift holding company for North
American Savings Bank, F.S.B. ("North American" or the "Bank").  North
American operates six offices in greater Kansas City, Missouri and others in
Harrisonville, St. Joseph, and Excelsior Springs, Missouri.  The Bank also
has loan origination offices in Lee's Summit and Springfield, Missouri as
well as Overland Park and Leawood, Kansas.

<Page>