ESB FINANCIAL CORP
8-K, 2000-03-23
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           (I.R.S. Employer
incorporation or organization)      File Number)       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 March 21, 2000, 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 21, 2000.


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: March 21, 2000                    By:/s/ Charlotte A. Zuschlag
      --------------                       -------------------------
                                           Charlotte A. Zuschlag
                                           President & Chief Executive Officer
                                           (Principal Executive Officer)


















                                  EXHIBIT 99

                                PRESS RELEASE





















                                                           Banking Operations:
[ESB Financial Corporation Logo]
                                                           ESB Bank
                                                           Troy Hill Bank

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

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

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

RELEASE DATE:                                   CONTACT:
- -------------                                   --------

March 21, 2000                                  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 21, 2000 declared a quarterly cash dividend of $.09
on the Common Stock of ESB Financial Corporation payable on April 25, 2000 to
the stockholders of record at the close of business on March 31, 2000.

        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, 1999. The Company
recognized net income for the three month period ended December 31, 1999 of
$1.43 million or $.29 per diluted share.  This announcement reflects the
Company's policy of declaring a regular quarterly cash dividend of $.09 per
share. 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,
FSB and Spring Hill Savings Bank, FSB and offers a wide variety of financial
products and services through sixteen 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-


600 Lawrence Avenue*Ellwood City, PA 16117-1930*724.758.5584*724.758.0576(Fax)
- ------------------------------------------------------------------------------





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