ESB FINANCIAL CORP
8-K, 1998-09-18
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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                   SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C. 20549


                               FORM 8-K


                            CURRENT REPORT



                  Pursuant to Section 13 or 15(d) of the
                      Securities Exchange Act of 1934


                        ESB FINANCIAL CORPORATION                      
      -------------------------------------------------------------
             (Exact name of registrant specified in its charter)




       Pennsylvania                  0-19345                25-1659846
 ---------------------------   ------------------------   ------------------    
(State or other jurisdiction   (Commission File Number)   (I.R.S.Employer
incorporation or organization)                          Identification Number)




600 Lawrence Avenue       
Ellwood City, Pennsylvania                                        16117
- ---------------------------------------                         ----------      
(Address of principal executive offices)                        (Zip Code)








                                   
                               (412) 758-5584    
   -----------------------------------------------------------------------
              (Registrant's telephone number, including area code)
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ESB Financial Corporation
Form 8-K
Page 2

Item 5.   Other Events

     The information to be reported herein is incorporated by reference from 
the press release, dated September 16, 1998, filed as Exhibit 99 to this Form 
8-K.

Item 7.   Financial Statements and Exhibits

               (a)  Not applicable.

               (b)  Not applicable.

               (c)  Exhibits.

                    99    Press release dated September 16, 1998.

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ESB Financial Corporation
Form 8-K
Page 3

                            SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the 
undersigned thereunto duly authorized.


                                      ESB Financial Corporation
                                            (Registrant)



Date: September 16, 1998              /s/ Charlotte A. Zuschlag
      ------------------              -------------------------
                                      By:  Charlotte A. Zuschlag
                                           President & Chief Executive Officer
                                           (Principal Executive Officer)
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                                EXHIBIT 99

                               PRESS RELEASE



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                          P R E S S   R E L E A S E
     
     
     
     
     RELEASE DATE:                           CONTACT:
     -------------                           --------
     September 16, 1998                      Frank D. Martz  
                                             Senior Vice President
                                             of Operations and Secretary
                                             (724) 758-5584
     
     
           ESB FINANCIAL CORPORATION ANNOUNCES CASH DIVIDEND
           -------------------------------------------------   
          ESB Financial Corporation announced today that its Board of 
Directors at its meeting on September 15, 1998 declared a quarterly cash 
dividend of $.09 on the Common Stock of ESB Financial Corporation payable on 
October 23, 1998 to the stockholders of record at the close of business on 
September 30, 1998.
     
          ESB Financial Corporation is the parent Holding Company of ESB 
Bank, F.S.B and Troy Hill Bank, a division of ESB Bank and offers a wide 
variety of financial products and services through eleven offices in the 
contiguous counties of Allegheny, Lawrence, Beaver and Butler in 
Pennsylvania. The common stock of the Company is traded on the Nasdaq Stock 
Market under the symbol "ESBF".
  
          In announcing the scheduled cash dividend, Charlotte A. Zuschlag, 
President and Chief Executive Officer, noted the Company's favorable results 
of operations for the three months ended June 30, 1998.  The Company 
recognized net income for the three month period ended June 30, 1998 of $1.55
million or $.27 per share.  This announcement reflects the Company's policy 
of declaring a regular quarterly cash dividend of $.09 per share, which 
represents the thirty-third consecutive quarter of declaring such a dividend.
This quarterly cash dividend equates to an annual cash dividend of $.36 per 
share. 
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