Athens Bancshares Corporation Authorizes Stock Repurchase of 5% Of Outstanding Stock

ATHENS, Tenn., Aug. 15, 2012 (GLOBE NEWSWIRE) -- Athens Bancshares Corporation

(the "Company"), the holding company for Athens Federal Community Bank, announced today that its Board of Directors has authorized a third stock repurchase program. The new program authorizes the repurchase of up to 124,714 shares, or 5.0%, of the Company's outstanding common stock. Repurchases will be conducted through open market purchases, which may include purchases under a trading plan adopted pursuant to Securities and Exchange Commission Rule 10b5-1, or through privately negotiated transactions. Repurchases 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. The Company's second stock repurchase program, which authorized the repurchase of up to 131,278 shares of Company common stock, was completed on August 7, 2012.