Community Investors Bancorp, Inc. Revises Terms of Previously Announced Reverse Stock Split

Community Investors Bancorp, Inc. Revises Terms of Previously
Announced Reverse Stock Split 


BUCYRUS, Ohio, May 27  /PRNewswire-FirstCall/ -- Community Investors Bancorp,
Inc. (the "Company") (NASDAQ:CIBI), announced today that its board of directors
has revised the terms of its previously announced reverse stock split. The
revised plan will involve a 1 for 300 reverse stock split. The Company had
previously announced that the reverse stock split would be based on a 1 for 225
formula. Phil Gerber, the Company's President and Chief Executive Officer,
commented that, "Upon further review of the terms of the proposed going private
transaction, the Company determined it was advisable to modify the stock split
formula. All other terms of the previously announced transaction remain
unchanged.  The Company continues to be committed to pursuing the going private
transaction."

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 severed the Bucyrus and Crawford
county area since 1888. The Company currently has four office locations plus a
free-standing ATM facility in Crawford County. 

DATASOURCE: Community Investors Bancorp, Inc.



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

Community Investors Bancorp, Inc., [phone]

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