EXHIBIT 99
PRESS RELEASE
[ESB Financial Corporation Logo]
Banking Operations:
ESB Bank
Troy Hill Bank
P R E S S R E L E A S E
RELEASE DATE: CONTACT:
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June 21, 2000 Frank D. Martz
Group Senior Vice President
of Operations and Secretary
(724) 758-5584
ESB FINANCIAL CORPORATION ANNOUNCES CASH DIVIDEND
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ESB Financial Corporation announced today that its Board of
Directors at its meeting on June 20, 2000 declared a quarterly cash
dividend of $.10 on the Common Stock of ESB Financial Corporation payable
on July 25, 2000 to the stockholders of record at the close of business
on June 30, 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 March 31, 2000. The
Company recognized net income for the three month period ended March 31,
2000 of $1.9 million or $.33 per diluted share which reflects a 10% stock
dividend as paid on May 31, 2000. This announcement reflects the
Company's policy of declaring a regular quarterly cash dividend. This
quarterly cash dividend equates to an annual cash dividend of $.40 per
share.
ESB Financial Corporation is the parent Holding Company of ESB Bank,
F.S.B. 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)
