Emclaire Financial Corp. Announces Purchase of National City Branch Office in Titusville, Pennsylvania

EMLENTON, Pa.--(Business Wire)--
Emclaire Financial Corp. (OTCBB:EMCF), the parent holding company of The Farmers
National Bank of Emlenton (the "Bank"), announced today that the Bank has
entered into a Purchase and Assumption Agreement with PNC Financial Services
Group, Inc. (NYSE: "PNC") and National City Bank ("National City") to acquire
certain assets and assume certain liabilities of National City`s full-service
branch office located in Titusville, Pennsylvania.

As part of the agreement, the Bank will assume close to $90 million in deposits
in exchange for approximately $35 million in loans, cash, and certain fixed
assets of the branch office. The Bank has agreed to pay a premium of 3.4% of
deposits assumed based on the average balance of deposits during a
pre-determined period leading up to the transaction closing date. The
transaction is expected to be accretive to the Corporation`s earnings in the
fourth quarter of 2009.

National City is divesting the Titusville assets and liabilities in order to
satisfy a regulatory condition to the acquisition by PNC of National City
Corporation, the parent company of National City, which was completed in late
2008.

"We feel privileged to have this opportunity to serve the Titusville community
and look forward to working with the customers and employees of the office as we
promote the Bank`s tradition of sound community banking and superior customer
service," commented William C. Marsh, Chairman, President and Chief Executive
Officer of Emclaire Financial Corp. and the Bank. Mr. Marsh also noted that
"this transaction will contribute significantly to Farmers National Bank`s
community bank presence in western Pennsylvania and the Titusville office will
be a valuable addition to our franchise."

The proposed branch office acquisition is subject to customary closing
conditions, including receipt of applicable regulatory approvals. The
Corporation intends to consummate the transaction during the third quarter of
2009.

Emclaire Financial Corp. is the parent company of The Farmers National Bank of
Emlenton, an independent, nationally chartered, FDIC-insured community
commercial bank headquartered in Emlenton, Pennsylvania, operating twelve full
service offices in Venango, Butler, Clarion, Clearfield, Elk, Jefferson and
Mercer Counties, Pennsylvania. For more information, visit the Corporation`s
website at "www.emclairefinancial.com".

Forward-looking Statements

This news release may contain forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Such forward-looking
statements are subject to risk and uncertainties which could cause actual
results to differ materially from those currently anticipated due to a number of
factors. Such factors include, but are not limited to, changes in interest rates
which could effect net interest margins and net interest income, the possibility
that increased demand or prices for the Corporation's financial services and
products may not occur, changing economic and competitive conditions,
technological and regulatory developments, and other risks and uncertainties,
including those detailed in the Corporation's filings with the Securities and
Exchange Commission. The Corporation does not undertake, and specifically
disclaims any obligation to update any forward-looking statements to reflect
occurrences or unanticipated events or circumstances after the date of such
statements.

Emclaire Financial Corp.
William C. Marsh
Chairman of the Board
President and Chief Executive Officer
Phone: 724-867-2311, extension 118
www.emclairefinancial.com

Copyright Business Wire 2009