Western Liberty Bancorp Initiates 5% Share Repurchase Program

Western Liberty Bancorp, Inc.

, the holding company for Service1st Bank of Nevada, today announced that the Board of Directors has authorized a stock repurchase program. The program gives management the authority to acquire up to 5% of the approximately 15 million outstanding shares. The approximately 750,000 shares may be repurchased on an ongoing basis throughout the next twelve months.