December 7, 2009 (FinancialWire) — First Savings Financial Group, Inc. (NASDAQ: FSFG), the holding company for First Savings Bank, F.S.B., said its board of directors has authorized a stock repurchase program to acquire up to 127,102 shares, or 5.0%, of the company’s outstanding common stock.

Repurchases, which will be conducted through open market purchases or privately negotiated transactions, will be made from time to time depending on market conditions and other factors. There is no guarantee as to the exact number of shares to be repurchased by the company. Repurchased shares will be held in treasury.

The company also said its board of directors has declared a special cash dividend of $0.08 per share on its outstanding common stock, payable on or about January 19, 2010 to stockholders of record as of the close of business on January 4, 2010. The special dividend is a one-time event and there is no assurance that the company will declare and pay another special dividend.

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