Charter Financial Declares Quarterly Cash Dividend

WEST POINT, Ga., May 26 /PRNewswire-FirstCall/ -- Charter Financial Corporation (BULLETIN BOARD: CHFN) today announced that its board of directors has declared a quarterly cash dividend of 25 cents per share. The dividend is payable on June 29, 2009, to stockholders of record on June 19, 2009. This equates to an annualized dividend rate of $1.00 per share.

Charter Financial Corporation is a savings and loan holding company and the parent of CharterBank, a full-service community bank and a federal savings institution. CharterBank is headquartered in West Point, Georgia, and operates ten branches on the I-85 corridor from LaGrange, Georgia, to Auburn, Alabama. The Company also operates three loan production offices in Georgia. CharterBank's deposits are insured by the Federal Deposit Insurance Corporation. Additional information, including financial highlights, is available on the company's website, http://www.charterbank.net/. Persons interested in receiving e-mail notifications of news about the company may do so by completing the registration form on the investor relations page of the company's website.

Charter Financial Corporation

CONTACT: Robert L. Johnson, President & CEO, [e-mail],
or Curtis R. Kollar, Chief Financial Officer, [e-mail], both of
Charter Financial Corporation, [phone]; or Woody Wallace of The
Investor Relations Company, [phone], [e-mail], for Charter
Financial Corporation

Web Site: http://www.charterbank.net/