Community Investors Bancorp, Inc. Files Preliminary Proxy Statement Regarding Previously Announced Stock Splits

Community Investors Bancorp, Inc. Files Preliminary Proxy
Statement Regarding Previously Announced Stock Splits 


BUCYRUS, Ohio, June 9  /PRNewswire-FirstCall/ -- Community Investors Bancorp,
Inc. (the "Company") (NASDAQ:CIBI), announced today that it has filed its
preliminary proxy statement with the Securities and Exchange Commission in
connection with the special meeting of shareholders that it plans to hold to
consider the Company's previously announced going private transaction.  The
plan will involve a 1-for-300 reverse stock split and a repurchase for $15.00
per share of all shares outstanding from shareholders owning fewer than 300
shares followed by a forward stock split of 300-for-1 shares for the remaining
shareholders.

At March 31, 2005, Community Investors Bancorp, Inc. reported total assets of
$122.8 million, total liabilities of $109.8 million, including total deposits
of $83.5 million and total stockholders' equity of $13.0 million.

First Federal Community Bank of Bucyrus has served the Bucyrus and Crawford
County area since 1888.  The Company currently has four office locations plus a
free-standing ATM facility in Crawford County.

Community Investors Bancorp, Inc. has filed a Schedule 13E-3, including a
preliminary proxy statement, concerning the stock splits with the Securities
and Exchange Commission.  We urge investors to read these documents because
they contain important information.  Investors may obtain these documents free
of charge at the SEC's website, http://www.sec.gov/.  In addition, documents
filed with the SEC by Community Investors are available free of charge from the
Secretary of Community Investors, 119 South Sandusky Avenue, Bucyrus, Ohio
44820.  The directors and executive officers of Community Investors may be
deemed to be participants in the solicitation of proxies to approve the stock
splits.  Information about the directors and executive officers of Community
Investors and ownership of Community Investors common stock is set forth in the
preliminary proxy statement filed by Community Investors with the SEC on June
9, 2005.  Investors should read the proxy statement and other documents to be
filed with the SEC carefully before making a decision concerning the stock
splits. 

DATASOURCE: Community Investors Bancorp, Inc.



CONTACT:  Phillip W. Gerber, President and Chief Executive Officer of

Community Investors Bancorp, Inc., [phone]

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