ESB FINANCIAL CORP
8-K, 1999-06-17
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 June 16, 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 June 16, 1999.

<PAGE>
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 16, 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:
     -------------                           --------

     June 16, 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 June 15, 1999 declared a quarterly cash
     dividend of $.09 on the Common Stock of ESB Financial Corporation
     payable on July 23, 1999 to the stockholders of record at the close of
     business on June 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 March 31, 1999.  The
     Company recognized net income for the three month period ended March 31,
     1999 of $1.4 million or $.26 per share.  This announcement reflects the
     Company's policy of declaring a regular quarterly cash dividend of $.09
     per share, which represents the thirty-sixth 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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