August 6, 2008

First Surety Corporation Authorized for Ohio Bonds

CHARLESTON, W.Va., Aug. 6 /PRNewswire-FirstCall/ -- Jacobs Financial Group, Inc. (BULLETIN BOARD: JFGI) , today announced that its wholly owned subsidiary, First Surety Corporation, a domestic surety in West Virginia, has received authority from the Ohio Department of Insurance to issue surety bonds in that state.

Robert Kenney, President of First Surety Corporation, said today, "We are excited about the prospects for business in Ohio and are immediately accepting applications for coal mining reclamation surety bonds in that state. Our team has a depth of experience in coal that is unmatched by any other surety company. Our conservative but sensible underwriting enables us to offer bonding programs that are tailored for the particular mining plans and sites of our clients. We are looking forward to serving the needs of the coal industry in Ohio."

Jacobs Financial Group, Inc. is a Charleston, West Virginia based holding company engaged in the surety business through its wholly owned subsidiary First Surety Corporation, Inc. and its subsidiary Triangle Surety Agency and the investment advisory business through the wholly owned subsidiary Jacobs & Company.

Jacobs Financial Group, Inc.

CONTACT: Robert J. Kenney, President, of First Surety Corporation forJacobs Financial Group, Inc. +1-304-720-1985