ESB FINANCIAL CORP
8-K, 1999-09-23
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)




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 21, 1999, 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 21, 1999.




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 21, 1999                      By:/s/ Charlotte A. Zuschlag
      __________________                         ____________________________
                                              Charlotte A. Zuschlag
                                              President & Chief Executive
                                                Officer (Principal Executive
                                                Officer)




















                                  EXHIBIT 99

                                PRESS RELEASE




=============================================================================

                           P R E S S   R E L E A S E

=============================================================================

     RELEASE DATE:                           CONTACT:
     _____________                           ________

     September 21, 1999                      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 21, 1999 declared a quarterly cash
     dividend of $.09 on the Common Stock of ESB Financial Corporation
     payable on October 25, 1999 to the stockholders of record at the close
     of business on September 30, 1999.

          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, 1999.  The
     Company recognized net income for the three month period ended June 30,
     1999 of $1.55 million or $.30 per diluted share.  This announcement
     reflects the Company's policy of declaring a regular quarterly cash
     dividend of $.09 per share, which represents the thirty-seventh
     consecutive quarter of declaring such a dividend. This quarterly cash
     dividend equates to an annual cash dividend of $.36 per share.

          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".

                                      -End-




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