EXHIBIT 99
<PAGE>
Release Date:
August 1, 2000
Contact:
Thistle Group Holdings, Co.
Jef McGill, President
Pam Cyr, Dir. of Investor Relations
Phone: (215) 483-3777
Fax: (215) 483-1038
Web: RMBgo.com
THISTLE GROUP HOLDINGS, CO. ANNOUNCES INTENT TO REPURCHASE UP TO
5% OF ITS SHARES
Philadelphia, PA, August 1, 2000 - Thistle Group Holdings, Co., (NASDAQ: THTL)
announced today that its Board approved a plan to repurchase up to 5 percent of
the outstanding common stock of the Company, equating to approximately 370,758
shares.
The stock purchases will be made in open-market transactions from time to time,
subject to the availability of stock, market conditions, the trading price of
the stock and the Company's financial performance. The repurchased shares will
be held as treasury stock and will be available for general corporate purposes.
Thistle Group Holdings, Co. is a Philadelphia based Unitary Thrift Holding
Company whose principal subsidiary is Roxborough Manayunk Bank. At June 30, 2000
the Company had total assets, deposits and stockholders' equity of $592 million,
318 million, and 76 million, respectively.
