ESB FINANCIAL CORP
8-K, 1998-06-24
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)











                        (724) 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 June 17, 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 June 17, 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: June 17, 1998                     By:/s/ Charlotte A. Zuschlag         
      -------------                        -------------------------     
                                        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:
- -------------                      --------

June 17, 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 June 16, 1998 declared a quarterly cash dividend of $.09 on the
Common Stock of ESB Financial Corporation payable on July 24, 1998 to the
stockholders of record at the close of business on June 30, 1998.
                                             
     ESB Financial Corporation is the parent Holding Company of ESB Bank, F.S.B.

     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 March 31, 1998.  The Company recognized net income
for the three month period ended March 31, 1998 of $1.6 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-second consecutive quarter of declaring such a dividend. This 
quarterly cash dividend equates to an annual cash dividend of $.36 per share.  



                              -End-
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