NEWS RELEASE
                      FOR MORE INFORMATION CONTACT 
                      Gary C. Loraditch, Vice President 
                      Michele J. Scott, Assistant Vice President
                      ------------------------------------------

                      FOR IMMEDIATE RELEASE
                      (410) 256-5000


               BCSB BANKCORP, INC. ANNOUNCES
        RETIREMENT OF MICHAEL J. DIETZ AS PRESIDENT

     Baltimore, Maryland - October 28, 1998.  BCSB Bankcorp,
Inc. (Nasdaq.nms: BCSB), the holding company for Baltimore
County Savings Bank, F.S.B. and a majority-owned subsidiary of
Baltimore County Savings Bank, M.H.C., announced today that
Michael J. Dietz will retire as President of BCSB Bankcorp, Inc.
and its operating subsidiary, Baltimore County Savings Bank,
F.S.B. effective January 1, 1999.  Prior to completion of the
Bank's reorganization into the mutual holding company form of
organization as a wholly owned subsidiary of the Company, Mr.
Dietz had informed the Board of Directors and the public of the
possibility of his retirement, and today Mr. Dietz informed the
Board of the exact date of his retirement.  Mr. Dietz also
advised the Board of Directors that he will step down as a
director coincident with his retirement.  The Board of Directors
expects to name a successor in the near future.

     Mr. Dietz stated that the time is right for his retirement
because the Bank had recently completed a successful stock
offering raising approximately $22 million in capital for the
Bank and is well-positioned for success in the 21st century.  He
is most proud of the growth and financial strength of the Bank
achieved during his tenure.  Mr. Dietz began his career with the
Bank in 1966 when assets and deposits were less than $1 million. 
Since that time, deposits have grown to $220 million and assets
are $270 million.  The capital of BCSB Bankcorp exceeds $46
million.  The bank's five branch offices are located in
Baltimore and Harford Counties.