ESB FINANCIAL CORP
8-K, 1999-03-22
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
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                 (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 March 17, 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 March 17, 1999.
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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 under-
signed thereunto duly authorized.


                                                   ESB Financial Corporation
                                                   -------------------------
                                                          (Registrant)



Date: March 17, 1999                     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:
     -------------                      --------

     March 17, 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 March 16, 1999 declared a quarterly cash dividend of $.09 on the
Common Stock of ESB Financial Corporation payable on April 23, 1999 to the 
stockholders of record at the close of business on March 31, 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 December 31, 1998.  The Company recognized
net income for the three month period ended December 31, 1998 of $1.4 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-
fifth 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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