Third Century Bancorp Announces Quarterly Cash Dividend

Third Century Bancorp (OTCBB:TDCB), an Indiana corporation and parent company of Mutual Savings Bank announced today that on May 23, 2008 the Board of Directors declared a quarterly cash dividend of $0.04 payable to shareholders of record on June 20, 2008. The dividend will be paid on July 1, 2008.

Founded in 1890, Mutual Savings Bank is a full-service financial institution with over $137 million in assets. In addition to its main office at 80 East Jefferson Street, Franklin, Indiana, the bank operates branches in Franklin at 1124 North Main Street, in the Franklin United Methodist Community, and in Edinburgh, Nineveh and Trafalgar, Indiana. It also has its Franklin Central Branch near Wanamaker, Indiana.