STATEFED FINANCIAL CORPORATION519 Sixth AvenueDes Moines, Iowa 50309| FOR MORE INFORMATION | FOR IMMEDIATE RELEASE |
| Contact John F. Golden, Chairman | Date October 25, 2000 |
| at (515) 282-0236 | |
STATEFED FINANCIAL CORPORATIONANNOUNCES RESULTS OF ANNUAL MEETING DES MOINES, IOWA - October 25, 2000 --StateFed Financial Corporation (Nasdaq & SFFC) announced today the results of its annual stockholders' meeting. Andra Black, Sid Ramey, and Gene McCormick, all existing board members and management nominees, were re-elected to the Board for three-year terms. In addition, the Company's auditors were ratified for fiscal year June 30, 2001. "We are pleased with stockholders' support and intend to work even harder to maximize stockholder value to justify that support." said John F. Golden, Chairman of the Board of the Company.
