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United Community Bancorp Increases Purchase Limitations

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LAWRENCEBURG, Ind., Dec. 17, 2012 /PRNewswire/ — United Community Bancorp
(Nasdaq: “UCBA”) (the “Company”) announced today that, based on the preliminary
results of the subscription and community offerings of United Community Bancorp,
the proposed successor holding company to the Company in connection with the
Company’s pending conversion from mutual holding company to stock holding
company form (“new United Community Bancorp”), new United Community Bancorp has
not yet received orders for a sufficient number of shares of common stock to
complete the offering. In order to consummate the offering, new United Community
Bancorp must sell a minimum of 2,966,787 shares. In order to complete the
offering, the Board of Directors has determined to increase the maximum purchase
limitations in the offering and offer those persons who subscribed for the
initial maximum number of shares in the subscription and community offerings the
opportunity to increase their orders. New United Community Bancorp will file a
prospectus supplement with the Securities and Exchange Commission increasing the
maximum purchase limitation for both individuals and groups to 5.0% of the
shares sold in the offering (148,339 shares and 174,516 shares at the minimum
and midpoint of the offering range, respectively). The Company has received the
required regulatory approval to further increase, without further notice, the
purchase limitation to 9.99% of the total number of shares to be sold in the
offering, provided orders for common stock exceeding 5% of the total number of
shares sold in the offering shall not exceed 10% of the shares sold in the
offering.

To the extent that shares remain available for sale after existing subscribers
have had the opportunity to increase their orders, new United Community Bancorp
intends to extend the community offering and solicit additional purchasers. The
Company will make a public announcement prior to any extension of the community
offering and no new orders will be accepted prior to any such announcement. The
community offering, if extended, may be terminated at any time in the Company’s
sole discretion and the Company retains the right to accept or reject, in whole
or in part, in its sole discretion, orders received in the community offering.
The offering is expected to close at no higher than the midpoint of the offering
range.

The closing of the conversion and offering remains subject to final regulatory,
member and shareholder approvals.

United Community Bancorp is the holding company of United Community Bank,
headquartered in Lawrenceburg, Indiana. United Community Bank currently operates
eight offices in Dearborn County and Ripley County, Indiana.

This press release contains certain forward-looking statements about the
conversion and offering. Forward-looking statements include statements regarding
anticipated future events and can be identified by the fact that they do not
relate strictly to historical or current facts. They often include words such as
“believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or
conditional verbs such as “will,” “would,” “should,” “could,” or “may.”
Forward-looking statements, by their nature, are subject to risks and
uncertainties. Certain factors that could cause actual results to differ
materially from expected results include delays in consummation of the
conversion and offering, increased competitive pressures, changes in the
interest rate environment, general economic conditions or conditions within the
securities markets, and legislative and regulatory changes that could adversely
affect the business in which the Company and United Community Bank are engaged.

A registration statement relating to these securities has been filed with the
United States Securities and Exchange Commission. This press release is neither
an offer to sell nor a solicitation of an offer to buy common stock. The offer
will be made only by means of the written prospectus forming part of the
registration statement.

New United Community Bancorp has filed a proxy statement/prospectus concerning
the conversion with the Securities and Exchange Commission. Shareholders of the
Company are urged to read the proxy statement/prospectus because it contains
important information. Investors are able to obtain all documents filed with the
SEC by new United Community Bancorp free of charge at the SEC’s website,
www.sec.gov. In addition, documents filed with the SEC by new United Community
Bancorp are available free of charge from the Company’s Corporate Secretary at
92 Walnut Street, Lawrenceburg, Indiana 47025, telephone (812) 537-4822. The
directors, executive officers, and certain other members of management and
employees of the Company are participants in the solicitation of proxies in
favor of the conversion from the Company’s shareholders. Information about the
directors and executive officers of the Company is included in the proxy
statement/prospectus filed with the SEC.

The shares of common stock of new United Community Bancorp are not savings
accounts or savings deposits, may lose value and are not insured by the Federal
Deposit Insurance Corporation or any other government agency.

SOURCE United Community Bancorp

Vanderburgh County Sheriff Office Pursuit and Apprehension – News Release

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Vanderburgh County Sheriff Office message.
Click here ytwice to open MESSAGE (3)

Casting Crowns “Come To The Well” Tour

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Evansville, IN ~ Experience Casting Crowns like never before at The Centre on April 11, 2013 at 7:00pm. “The Acoustic Sessions LIVE!” will take you to the heart of some of their biggest hits including “If We Are the Body,” “American Dream,” “East to West,” and more. Join Casting Crowns for the first time ever in this intimate setting… for an evening that will inspire and encourage.

Casting Crowns is a contemporary Christian and Christian rock band started in 1999 by youth pastor Mark Hall, who serves as the band’s lead vocalist. Band members along with Hall consist of Megan Garrett, Melodee DeVevo, Hector Cervantes, Juan DeVevo, Chris Huffman and Brian Scoggin.

Contemporary Christian music touring and sales leader, Casting Crowns, has recently received three GRAMMY nominations and news of an RIAA GOLD certification. The band was honored in the Best Gospel/Contemporary Christian Music Performance category for, “Jesus Friend of Sinners,” and in the Best Contemporary Christian Music Album category for its 2011 RIAA GOLD certified, “Come To The Well”. Mark Hall was also recognized as a songwriter on “Jesus Friend of Sinners,” in the Best Contemporary Christian Music Song category. The 55th Annual GRAMMY Awards will be held on Sunday, Feb. 10, 2013.

The band was recently notified that “Voice of Truth,” a song from its 2005 self-titled debut project, surpassed the 500,000 mark in digital sales. This milestone comes on the heels of the RIAA double Platinum certification of its self-titled debut project, and its sixth career Gold certification for “Come to the Well” (Oct. 2011).

The “Acoustic Sessions LIVE!” Tour is partnering with Christian humanitarian organization World Vision (www.worldvision.org). World Vision provides assistance to approximately 100 million people in nearly 100 countries by tackling the causes of poverty and injustice. Casting Crowns has helped to generate a total of 52,000 child sponsorships for World Vision to date.

Casting Crowns will be at the Centre’s Aiken Theatre on Thursday, April 11 at 7:00pm. Tickets go on-sale Monday, December 17 at 10:00am. Tickets are $46, $36, $26, & $20 a person. You may order your tickets at www.ticketmaster.com or purchase them at The Centre Box Office from 10am – 5pm M – F.

Evansville Redevelopment Commission AGENDA – Revised Tuesday, December 18, 2012 – 8:30 am

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Evansville Redevelopment Commission
AGENDA – Revised
Tuesday, December 18, 2012 – 8:30 am
Civic Center Complex – Room 307

1. Call to Order

2. Approval of Minutes of December 4, 2012

3. Approval of Accounts Payable Vouchers

4. Jacobsville Redevelopment Area
Design Review – 101-107 W Franklin/Alva Electric/new storage building & parking area –
Recommended for approval by JACC
Resolution 12-ERC-44 – Authorizing Contract for Repairs at 118 Garfield St in the Jacobsville Redevelopment Area

5. Downtown Redevelopment Area
Resolution 12-ERC-45 – Awarding a Contract for New Accessible Entrance at the Old Post Office
Resolution 12-ERC-46 – Approval of 4th Addendum to Management Agreement With VenuWorks
Resolution 12-ERC-47 – Accepting a Proposal from RTM Consultants, Inc. for Variance Request at Ford Center

6. Other Business

7. Adjournment

* This preliminary Agenda is subject to change. The final Agenda will be posted at the entrance to the location of the meeting prior to the meeting.

Harvard Needs Remedial Energy Math, By ROBERT BRYCE

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Harvard Needs Remedial Energy Math

Wind and solar power cannot possibly meet the world’s growing need for more electricity.

By ROBERT BRYCE

Investing in and using fossil fuels is so wrong it should be seen as the equivalent of support for apartheid. That is the message being promoted by 350.org, the organization headed by environmental activist Bill McKibben.

Over the past month or so, Mr. McKibben and a rotating cast of activists have held rallies in 21 U.S. cities encouraging students to campaign for ridding their university endowments of investments in coal, oil and natural gas. The effort is modeled on the 1980s effort to get universities to shed investments in companies that did business in apartheid-era South Africa. A few small schools, including Unity College in Maine and Hampshire College in Massachusetts, have responded to the pressure and agreed to rid their portfolios of fossil-fuel stocks.
One of the slogans used in 350.org’s divestment campaign is “Do the math.” OK. Let’s.

Set aside the financial arguments for—or against—investing in companies that produce hydrocarbons. Further, let’s not judge the claims made by Mr. McKibben and his allies that a concentration of 350 parts per million of carbon dioxide in the earth’s atmosphere is “the safe limit for humanity.”

Let’s do the math by considering what will happen if we humans—in the words of the campaign—attempt to “go fossil free” and rely solely on “clean energy.” To make the computation simpler still, let’s ignore oil altogether, even though that energy source represents about 33% of all global energy use and is indispensable for transportation.

The absurdity of the calls for a “fossil free” future can be illustrated by looking exclusively at the explosive growth in the world’s demand for electricity, the commodity that separates rich countries from the poor ones. Since 1985, on a percentage basis, global electricity demand has grown by 121%, which is nearly three times the rate of growth in oil demand. Over the past two and half decades, electricity consumption has increased by an average of 450 terawatt-hours (a terawatt-hour is one trillion watt-hours) per year. That’s the equivalent of adding about one Brazil (which used 485 terawatt-hours of electricity in 2010) to the electricity sector every year. The International Energy Agency expects global electricity use to continue growing by about 450 terawatt-hours per year through 2035.

Here’s where the math becomes college-freshman obvious: In 2011, the world had 240,000 megawatts of wind-generation capacity. That fleet of turbines produced 437 terawatt-hours of electricity. Therefore, just keeping up with the growth in global electricity demand—while not displacing any of the existing need for coal, oil and natural gas—would require the countries of the world to install about as much wind-generation capacity as now exists, and they’d have to do so every year.

Put another way, just to keep pace with demand growth, the wind industry will need to cover a land area of some 48,000 square miles with wind turbines per year, an area about the size of North Carolina. Even if that much land were available, no humans would want to live on the land because of the irritating noise generated by those turbines.

There are welcome developments in solar energy: Production is growing rapidly and the price of solar cells is falling. Once again, though, simple math exposes the scale problem.
Recall that we need 450 terawatt-hours per year of electricity production to keep pace with incremental demand. Germany has more installed solar-energy capacity than any other country—about 25,000 megawatts. Last year, Germany produced 19 terawatt-hours of electricity from solar. Thus, just to keep pace with the growth in global electricity demand, the world would have to install about 23 times as much solar-energy capacity as now exists in Germany, and it would have to do so year after year.

And we haven’t even considered the incurable intermittency of solar and wind, a problem that requires backup capacity from fossil fuels or nuclear power.

Last month, the Harvard College Undergraduate Council held a referendum on fossil fuel divestment. (Harvard’s $31 billion endowment is the largest in the country.) With about half of the undergrads voting, 72% voted in favor of divesting. Those students were apparently persuaded by the slick slogans put out by 350.org, such as “We > fossil fuels.”

Harvard is among America’s most prestigious schools. But it is apparent that the students who voted in favor of the divestiture proposal—and presumably to rid the world of fossil fuels—did not do the math.

IS IT TRUE December 17, 2012

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The Mole #??

IS IT TRUE we hear that 5th Ward Evansville City Councilman, John Friend, CPA has been urged to run for re-election as City Council Finance Chairman? …we hear that city council members are extremely pleased with the job Mr. Friend is doing in finding financial errors caused by past and past city controllers? …we predict that Mr. Friend shall be re-elected as city of Evansville Finance Chairman unopposed?

IS IT TRUE our “moles” tell us that an announcement from At-Large City Councilman, Dr. Dan Adams is coming soon about his intention to run for City Council Vice President? …that if he decides to run for this position he shall be elected?

IS IT TRUE that our “moles” tell us that City Council President, Connie Robinson is a shoe in for re-election to this position? …if this happens, we wish her well?

IS IT TRUE that County Commissioner President, Marsha Abell shall be re-elected to serve in that position for another year?

IS IT TRUE our “moles” are telling us that a change of new County Council leadership may be forth coming? …this change could see Tom Shelter, Jr. and/or Jim Raben give up a leadership position? …if this happens, the practice of leap frog leadership of County Council shall be over?

IS IT TRUE that tomorrow evening the Evansville City Council attorney, John Hamilton shall attend his last official council meeting? …the City County Observer would like to commend Mr. Hamilton for doing an outstanding job on behalf of city council and the taxpayers of this community?

IS IT TRUE that the Evansville City Council shall have a new attorney representing them starting tomorrow? …that the new City Attorney is none other than the well known and highly respected Scott Danks? …we can expect Mr. Danks to protect the financial and legal interests of city council starting day one?

New Residental Trash Service Information

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Residential Trash Service

Click above for information on Residential Trash Service

BOARD MEETING OF THE VANDERBURGH COUNTY CONVENTION AND VISITORS COMMISSION

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THE REGULAR MONTHLY BOARD MEETING OF THE VANDERBURGH COUNTY CONVENTION AND VISITORS COMMISSION WILL CONVENE ON WEDNESDAY, DECEMBER 19, 2012 AT 8:00 A.M.

THE MEETING WILL BE HELD AT THE REITZ HOME CARRIAGE HOUSE LOCATED AT 224 SE FIRST STREET IN EVANSVILLE, IN. PLEASE NOTE THAT THIS MEETING IS A REGULAR BOARD MEETING AND IS SCHEDULED FOR 8:00 A.M.

IS IT TRUE – DECEMBER 15, 2012

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The Mole #??
IS IT TRUE we hear that the President of Evansville City Council, Connie Robinson is being encouraged by other City Council members to keep serving in this position for 2013? …that the CCO has taken City Council President and 4th Ward City Councilwomen to task throughout the year when we felt she deserved it? …we understand that City Councilwomen Robinson has had an extremely challenging year as city council president ? …Mrs. Robinson had to deal with personality conflicts, budget issues and the obvious short comings of bookkeeping problems in nearly all department of city government in 2012? … the City County Observer expect that members of city council will re-elect Connie Robinson as the president of the council for 2013? …we want to stress that we shall continue to take her to task if we feel she is wrong in supporting something against “Good Public Policy”? …if Connie Robinson is re-elected city council president for 2013 we wish her well?

IS IT TRUE we hear that the President of Vanderburgh County Commission, Marsha Abell shall continue to serve as President in 2013? …we hope that County Commissioner, Steve Melcher would surprise us by supporting Commissioner Joe Kiefer as the next President of the County Commission for 2013? …we feel it’s time for new leadership on the County Commission?

IS IT TRUE that the Vanderburgh County Council leadership will continue to be the political leap frog of local politics? …we hear that the Vanderburgh County Council leadership shall continue to be Jim Raben and Tom Shelter, Jr.? …we hope County Council membership will consider electing new leadership for 2013?