EXHIBIT 99
FOR IMMEDIATE RELEASE FOR FURTHER INFORMATION
August 28, 2000
Brendan J. McGill
Senior Vice President and Chief
Financial Officer
(215) 256-8828
HARLEYSVILLE SAVINGS FINANCIAL CORPORATION
EXTENDS REPURCHASE OF COMMON STOCK
Harleysville, Pennsylvania - August 28, 2000. Harleysville Savings
Financial Corporation (NASDAQ: HARL) today announced that the Company's Board of
Directors extended authorization to repurchase up to 113,037 shares, or
approximately 5 percent, of the Company's outstanding common stock. The
repurchase program, which was scheduled to expire on August 31, 2000, has been
extended an additional twelve months. To date the Company has repurchased 44,200
of the authorized shares.
Repurchases are authorized to be made by the Company from time to time
in open-market transactions during the next twelve months as, in the opinion of
management, market conditions warrant. The repurchased shares will be held as
treasury stock and will be reserved for issuance under the Company's stock
benefit plans and will be available for general corporate purposes.
Harleysville Savings Financial Corporation, located in Harleysville,
Pennsylvania, is the holding company for Harleysville Savings Bank. Harleysville
Savings Bank is a Pennsylvania-chartered, federally insured savings bank
headquartered in Harleysville, Pennsylvania. Harleysville Savings Bank was
established in 1915 and is distinguished as a premier consumer savings bank
serving the personal banking needs of individuals and families.
Harleysville Savings Financial Corporation's common stock is traded on
the Nasdaq National Market System under the symbol: "HARL".
