PFSL Pocahontas Bancorp

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.