PHSB Financial Corporation Quarterly Dividend BEAVER FALLS, Penn., Oct. 7 /PRNewswire-FirstCall/ -- James P. Wetzel, Jr., President of PHSB Financial Corporation (the "Company"), Beaver Falls, Pennsylvania, the holding company of Peoples Home Savings Bank (the "Bank"), announces today that the Company's Board of Directors has declared a quarterly cash dividend of $.20 per share. The cash dividend will be paid to stockholders of record as of October 21, 2004, on or about November 4, 2004. President Wetzel indicated that the cash dividend is being paid as a result of the high level of stockholder equity and the continued profitability of the Company and the Bank. It is the current intention of the Board of Directors to continue to pay such a dividend quarterly. However, the payment of future dividends will be subject to the Board's periodic review of the financial condition, earnings, and capital requirements of the Company and the Bank. The Bank is a Pennsylvania chartered stock savings bank headquartered in Beaver Falls, Pennsylvania. The Bank's deposits are federally insured by the Federal Deposit Insurance Corporation ("FDIC"). The common stock of the Company is traded on the NASD National Market System under the symbol " PHSB." DATASOURCE: PHSB Financial Corporation CONTACT: James P. Wetzel, Jr., President of PHSB Financial Corporation, +1-724-846-7300 Web site: http://www.peopleshomesavings.com/

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