Pocahontas Bancorp, Inc. Announces Non-Compliance with NASDAQ Listing Requirements

Pocahontas Bancorp, Inc. (Nasdaq-NMS:PFSL) announced
that the Company today received a letter from the Nasdaq Stock Market
dated January 19, 2006 advising that the Company fails to comply with
the requirements of Nasdaq Market Place Rule 4350(c)(1) for continued
listing on the Nasdaq Stock Market. The rule requires that a majority
of the Company's Board of Directors be independent. Pursuant to Nasdaq
requirements and the letter, the Company has adopted a specific plan
and timetable to achieve compliance with the independence requirements
of Nasdaq. Pursuant to the plan, the Company expects to appoint an
additional independent director to its Board of Directors within three
months.