BANK OF EVANSVILLE CONTINUES RAPID ASSET AND EARNINGS GROWTH

Assets increase to $139,471,507 at quarter ending March 31, 2004
Net Income up 123 percent for first quarter 2004 compared to first quarter 2003
Earnings Per Share up 60 percent to $0.08 per share.

Evansville, Indiana, April 27, 2004 - Bank of Evansville, N.A. (OTCBB: BEVN)
posted its eleventh consecutive quarter of solid growth with an 8 percent first quarter increase in assets, a 12 percent rise in loans net of allowance for losses, and a 9 percent jump in deposits, Thomas L. Austerman, President and Chief Executive Officer, reported today.

Austerman said, "The first quarter of 2004 was one of the fastest growing quarters in the Bank's history. We have continued to enjoy a tremendous reception by both the business and consumer communities." Austerman went on to say, "We are optimistic about the outlook for the remainder of 2004. The local economy is doing well and business activity nationally is, according to recent analysis, increasing at a robust pace; I expect demand for our commercial and consumer services to be consistent with the economic environment."

Stephen C. Byelick, Jr., Chief Financial Officer, reported, "For the first quarter ending March 31, 2004, assets rose to $139.5 million from the $128.9 million at December 31, 2003. Loans net of allowance for loan losses exceeded $108.9 million at the end of the first quarter, up from the outstandings of $97.4 million at year-end 2003. Deposits rose during the quarter to $125.7 million, compared to the $115.5 million at the end of the previous quarter."

Mr. Byelick continued by saying, "Revenue results were also positive across the board. Net interest income was $1,007,859, up 46 percent from the net interest income of $690,705 in the first quarter in 2003, and non-interest income rose 53 percent to $154.3 compared to the $100.6 in the quarter ending March 31, 2003."

Mr. Byelick concluded his comments by saying, "Net income for the first quarter of 2004 was $120,347 up $66,457 or 123 percent compared to the $53,890 earned in the first quarter of 2003. The allowance for loan losses at March 31, 2004, was $1,638,500, or 1.48 percent of loans outstanding. Through the first quarter no loans had been charged off." Basic and diluted earnings per share were $0.08 for the first quarter of 2004 compared to $0.05 for the first quarter of 2003. As of March 31, 2004, shareholders equity was $13,386,843 or $8.93 per share based on 1,499,042 shares outstanding.

Bank of Evansville is a full service, commercial bank that opened on July 2, 2001, to provide community banking for businesses and consumers in Evansville and Southwestern Indiana.