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                                                                    EXHIBIT 99.1


                      [FOX CHASE BANCORP, INC. LETTERHEAD]

                                  NEWS RELEASE
                                  ------------

FOR IMMEDIATE RELEASE

DATE:    March 17, 2008
CONTACT: Jerry Holbrook
         Chief Financial Officer
PHONE:   (215) 682-4107


                  FOX CHASE BANCORP ANNOUNCES NEW BOARD MEMBER


HATBORO, PA, MARCH 17, 2008 - Fox Chase Bancorp, Inc. (the "Company") (NASDAQ
GM: FXCB), the holding company for Fox Chase Bank (the "Bank"), announced today
that RoseAnn B. Rosenthal will join the Board of Directors of the Company and
Bank effective April 23, 2008.

Rosenthal is President, Chief Executive Officer and a Director of Ben Franklin
Technology Partners of Southeastern Pennsylvania, which provides entrepreneurial
support and financial assistance to technology firms and start-up companies.
Rosenthal has thirty-seven years of experience in business investment, regional
planning and economic development. Prior to joining Ben Franklin Technology
Partners, Rosenthal was Senior Vice President for Strategic Development at
Philadelphia Industrial Development Corporation.

Rosenthal serves on several public and private boards and committees. She has
served as an advisor on the state and regional nanotechnology initiatives
through the National Nanotechnology Initiative and has been an active member of
the Nano Business Alliance Advisory Board. She also has held advisory and review
roles at the National Science

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Foundation for Small Business Innovation Research and Partnership for Innovation
programs. She has a B.A. from Temple University and in 2007 was awarded an
Honorary PhD in Humane Letters from Philadelphia University.

Thomas Petro, President and Chief Executive Officer of the Company, stated, "We
are delighted to welcome RoseAnn, a gifted leader, to our Board. Her deep roots
in and knowledge of the business community in southeastern Pennsylvania and the
mid-Atlantic region will be invaluable as we execute our growth plans."

Fox Chase Bancorp, Inc. is the mid-tier stock holding company of Fox Chase Bank.
The Bank is a federally chartered savings bank originally established in 1867.
The Bank offers traditional banking services and products from its main office
in Hatboro, Pennsylvania and ten branch offices in Bucks, Montgomery, Chester,
Delaware and Philadelphia Counties in Pennsylvania and Atlantic and Cape May
Counties in New Jersey. For more information, please visit the Bank's website at
www.foxchasebank.com.

This news release contains forward-looking statements within the meaning of the
federal securities laws. Forward-looking statements can generally be identified
by the fact that they do not relate strictly to historical or current facts.
They often include words like "believe," "expect," "anticipate," "estimate" and
"intend" or future or conditional verbs such as "will," "would," "should,"
"could" or "may." Statements in this release that are not strictly historical
are forward-looking and are based upon current expectations that may differ
materially from actual results. These forward-looking statements involve risks
and uncertainties that could cause actual results to differ materially from
those anticipated by the statements made herein. These risks and uncertainties
involve general economic trends, changes in interest rates, loss of deposits and
loan demand to other financial institutions, substantial changes in financial
markets; changes in real estate value and the real estate market, regulatory
changes, possibility of unforeseen events affecting the industry generally, the
uncertainties associated with newly developed or acquired operations, the
outcome of pending litigation, and market disruptions and other effects of
terrorist activities. The Company undertakes no obligation to update these
forward-looking statements to reflect events or circumstances after the date
hereof or to reflect the occurrence of unforeseen events, except as required
under the rules and regulations of the Securities and Exchange Commission.