EXHIBIT 99.1
WESTERFED FINANCIAL CORPORATION ANNOUNCES
INCREASED QUARTERLY DIVIDEND
Missoula, Montana - June 22, 2000 - WesterFed Financial Corporation
(the "Company") (NASDAQ - WSTR), the holding company for Western Security Bank
(the "Bank"), announced it will pay a regular cash dividend of $0.17 per share
for the quarter ended June 30, 2000. The $0.17 per share will be payable on July
20, 2000 to stockholders of record on July 6, 2000. The regular quarterly cash
dividend of $0.17 represents an increase of 3.03% over the prior quarter's
regular cash dividend of $0.165 per share. The Company has increased regular
cash dividends every quarter since becoming a public company.
WesterFed Financial Corporation's only subsidiary, Western Security
Bank, which is Montana's largest savings bank, operates twenty-seven offices in
fourteen Montana communities.
CONTACT: James A. Salisbury, EVP/Treasurer/CFO
Ralph K. Holliday, President/CEO
(406) 721-5254
