CKF Bancorp, Inc. Declares Two for One Stock Split in the Form of 100%
Stock Dividend

    DANVILLE, Ky.--(BUSINESS WIRE)--Nov. 12, 2003--The Board of
Directors of CKF Bancorp, Inc. (NASDAQ:CKFB) today declared a
two-for-one stock split in the form of a 100% stock dividend on the
Company's outstanding Common Stock. The stock dividend is payable on
December 11, 2003 to stockholders of record as of November 26, 2003.
    Stockholders will receive one additional share of Common Stock for
every share they hold on the record date. Management anticipates the
Company's next bi-annual cash dividend will be paid on February 10,
2004, and expects the current dividend rate of $0.24 per share will
remain in effect for both the current and new shares. Certificates for
dividend shares will be mailed to stockholders promptly following the
payment date.
    John H. Stigall, President of the Company, stated that the Board
of Directors determined that the payment of the stock dividend was
appropriate in light of the Company's capital position, the market
price of the Common Stock and recent operating results. He noted that
any further dividends will depend upon the Company's financial
condition, earnings, equity structure, capital needs, regulatory
requirements and economic conditions.
    CKF Bancorp, Inc. is the holding company for Central Kentucky
Federal Savings Bank, which conducts business through its main office
located at 340 W. Main Street, in Danville, Kentucky. Full service
branches are located in Danville and Lancaster, as well as a loan
production office in Nicholasville, Kentucky.

    CONTACT: CKF Bancorp, Inc., Danville
             John H. Stigall, 859-236-4181
             Fax: 859-236-4363
             www.centralkyfsb.com