Pulaski Financial Announces Hiring of Mortgage Division President

Pulaski Financial Corp. (NasdaqGS: PULB), parent company of Pulaski Bank, today announced that after a national search process, Brian Boyles has joined Pulaski Bank as President of its Mortgage Division. He will also become a member of the Bank’s Management Executive Committee and will be located at the Company’s corporate headquarters in Creve Coeur, Missouri. Brian comes to Pulaski Bank with over fifteen years of residential mortgage industry experience. A native of Davenport, Iowa, Brian, his wife Lisa and their three children will be relocating to the St. Louis area.

Gary Douglass, Chairman and CEO of Pulaski Bank commented, "It is a credit to the prominence of our mortgage operation to be able to attract a nationally-recognized residential mortgage executive in Brian. He not only brings a strong technical mortgage background, but also superior leadership, communication and interpersonal skills. Under his leadership, I look forward to Pulaski further expanding our already market-leading positions in both our St. Louis and Kansas City markets.”

Brian Boyles commented, "I am honored with the opportunity to join the Executive team at Pulaski Bank. Pulaski Bank's history, core values, and strategic leadership made the career decision simple for me. Pulaski has a market-leading presence in each of its metropolitan markets. The combination of market share, talent and tenure are atypical in today's ever-changing mortgage banking environment. Those characteristics are a recipe for long-term success. I look forward to making an immediate impact on the success and tradition of the Company's mortgage banking operation. We will continue to focus on the service levels that our clients and referral partners have become accustomed to. We will work as a team to focus on all critical elements of a successful mortgage banking operation with the goal of consistently returning value to our shareholders, our company and our individual team members.”

About Pulaski Financial

Pulaski Financial Corp., operating in its 88th year through its subsidiary, Pulaski Bank, serves customers throughout the St. Louis and Kansas City metropolitan areas. The bank offers a full line of quality retail, mortgage and commercial banking products through 12 full-service offices in St. Louis and six mortgage loan production offices in the St. Louis and Kansas City metropolitan areas and Wichita, Kansas. The Company’s web site can be accessed at www.pulaskibankstl.com.

This news release may contain forward-looking statements about Pulaski Financial Corp., which the Company intends to be covered under the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. These forward-looking statements cover, among other things, anticipated future revenue and expenses and the future plans and prospects of the Company. These statements often include the words "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," "targets," "potentially," "probably," "projects," "outlook" or similar expressions. You are cautioned that forward-looking statements involve uncertainties, and important factors could cause actual results to differ materially from those anticipated, including changes in general business and economic conditions, changes in interest rates, legal and regulatory developments, increased competition from both banks and non-banks, changes in customer behavior and preferences, and effects of critical accounting policies and judgments. For discussion of these and other risks that may cause actual results to differ from expectations, refer to our Annual Report on Form 10-K for the year ended September 30, 2009 on file with the SEC, including the sections entitled "Risk Factors." These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update them in light of new information or future events.