EXHIBIT 99.1

FOR IMMEDIATE RELEASE
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For: MAF Bancorp, Inc.                 Contact:  Jerry A. Weberling,
     55th Street & Holmes Avenue                   Chief Financial Officer
     Clarendon Hills, IL 60514                   Michael J. Janssen,
                                                   Senior Vice President
     www.mafbancorp.com                          (630) 325-7300



                       MAF BANCORP, INC. TO PARTICIPATE IN
           KEEFE, BRUYETTE & WOODS COMMUNITY BANK INVESTOR CONFERENCE

Clarendon Hills, Illinois, July 26, 2004 - MAF Bancorp, Inc. (MAFB), announced
that it will be participating in the Keefe, Bruyette & Woods 5th Annual
Community Bank Investor Conference to be held in New York, NY on July 27-29,
2004. The conference will be broadcast on the Internet at www.kbw.com and will
also be available through MAF's website at www.mafbancorp.com. Through the
websites, interested investors will have the opportunity to hear the
presentation by Allen Koranda, Chairman of the Board and CEO of MAF Bancorp and
Kenneth Koranda, President of MAF Bancorp, which is scheduled to be delivered on
Thursday, July 29, 2004 at 8:50 a.m. Central Time. The presentation will also be
available on the websites for approximately two weeks following the conference.

MAF Bancorp is the parent company of Mid America Bank, a federally chartered
stock savings bank. The Bank currently operates a network of 67 retail banking
offices throughout Chicago and Milwaukee and their surrounding areas. Offices in
Wisconsin operate under the name "St. Francis Bank, a division of Mid America
Bank." The Company's common stock trades on the Nasdaq Stock Market under the
symbol MAFB.


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