FRANKFORT , Ky., Feb. 9 /PRNewswire-FirstCall/ -- Kentucky First Federal Bancorp (Nasdaq: KFFB), the holding company for First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Frankfort , Kentucky, announced that Danny A. Garland, President and Chief Executive Officer of First Federal Savings Bank of Frankfort , will retire effective February 21, 2007 . Mr. Garland has been employed by First Federal for 31 years and has served as President for 9 years. Mr. Garland will continue to serve on First Federal Savings Bank's Board of Directors.

Tony Whitaker, Chairman of Kentucky First Federal Bancorp, expressed his appreciation for Mr. Garland's many years of service and his contribution to First Federal. William C. Jennings, Chairman of First Federal Savings Bank of Frankfort , also conveyed his appreciation and commended Mr. Garland for his commitment to service in the Frankfort community.

Don D. Jennings, President of the Company and Executive Vice President of First Federal Savings Bank, will serve as interim CEO of the Bank until a permanent successor is appointed.

This press release may contain statements that are forward-looking, as that term is defined by the Private Securities Litigation Act of 1995 or the Securities and Exchange Commission in its rules, regulations and releases. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. All forward-looking statements are based on current expectations regarding important risk factors including, but not limited to, real estate values, the impact of interest rates on financing, changes in general economic conditions, legislative and regulatory changes that adversely affect the business of the Company and changes in the securities markets. Accordingly, actual results may differ from those expressed in the forward-looking statements, and the making of such statements should not be regarded as a representation by the Company or any other person that results expressed therein will be achieved.

Kentucky First Federal Bancorp is the parent company of First Federal Savings and Loan Association, which operates one banking office in Hazard, Kentucky and First Federal Savings Bank, which operates three banking offices in Frankfort , Kentucky. Kentucky First Federal Bancorp shares are traded on the Nasdaq National Market under the symbol KFFB. At December 31, 2006 the Company had approximately 8,474,000 shares outstanding of which approximately 55.8% was held by First Federal MHC.

SOURCE Kentucky First Federal Bancorp