Athens Bancshares Corporation Announces Quarterly Cash Dividend

ATHENS, Tenn., July 20, 2011 (GLOBE NEWSWIRE) — Athens Bancshares Corporation (Nasdaq:AFCB) today announced that its Board of Directors has declared a quarterly cash dividend of .05 per outstanding share of common stock. The dividend will be paid on or about August 19, 2011 to stockholders of record as of the close of business on August 1, 2011.�

Athens Bancshares Corporation is the parent holding company of Athens Federal Community Bank, a federally-chartered, FDIC-insured savings bank organized in 1934.�The Bank is headquartered in Athens, Tennessee and provides financial services to individuals, families and businesses through its seven offices located in southeast Tennessee.

CONTACT: Jeffrey L. Cunningham
         President and Chief Executive Officer
         (423) 745-1111

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