Exhibit 99.1



























For immediate release               Contact:  Douglas Stewart President-CEO
                                              Debra Geuy Chief Financial Officer

July 15, 2003



            PEOPLES-SIDNEY FINANCIAL CORPORATION ANNOUNCES QUARTERLY,
              YEAR END EARNINGS, DECLARES DIVIDEND AND SETS ANNUAL
                                  MEETING DATE

Sidney, Ohio  NASD-NMS "PSFC"

Peoples-Sidney Financial Corporation, parent company of Peoples Federal Savings
and Loan Association, today announced its fourth quarter and fiscal year-end
earnings.

Douglas Stewart, President-CEO reports the net income for the three months ended
June 30, 2003 was $216,000, or $0.16 basic and diluted earnings per share. This
compares to $234,000, or $0.17 basic and diluted earnings per share for the same
period in 2002. The decrease in net income for the current three-month period
was a result of a slight decrease in net interest income coupled with an
increase in noninterest expense partially offset by an increase in noninterest
income.

The Corporation's net income for the fiscal year ended June 30, 2003 was
$836,000, or $0.61 basic and diluted earnings per share compared to $707,000, or
$0.51 basic and diluted earnings per share the previous year, an increase of
$129,000, or 18%. The increase in net income for the current fiscal year is
primarily due to an increase in net interest income partially offset by an
increase in noninterest expense, provision for loan losses and income taxes.

Assets of the Corporation were $143.6 million at June 30, 2003 with $17.4
million in shareholders' equity.








PEOPLES-SIDNEY FINANCIAL CORPORATION
ANNOUNCES QUARTERLY, YEAR END EARNINGS
DECLARES DIVIDEND AND SETS ANNUAL MEETING

PAGE 2



On July 11, 2003, the Board of Directors declared a dividend of $0.13 per share
for shareholders of record as of July 31, 2003. The payable date will be August
15, 2003. This is an 8% increase in the dividend and represents the twenty-fifth
consecutive dividend and the sixth increase since becoming a public company in
1997.

Additionally, the Annual Meeting of the Corporation will be held on Friday,
October 10, 2003 at 11:00 a.m. at the Sidney Holiday Inn. The record date for
voting purposes at this meeting will be August 31, 2003.

Peoples Federal operates from it main office at 101 E. Court Street and its
branch offices at 2400 W. Michigan Street (inside Wal-Mart), 405 S. Pike Street,
Anna, Ohio and 115 E. Pike Street, Jackson Center, Ohio.


     When used in this press release or other public or shareholder
communications, in filings by the Corporation with the Securities and Exchange
Commission and in oral statements made with the approval of an authorized
executive office, the words or phrases "should result," "will likely result,"
"will enable," "are expected to," "is anticipated," "estimate," "project" or
similar expressions are intended to identify "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995. Such
statements are subject to certain risks and uncertainties, including changes in
economic conditions in the Corporation's market area, changes in policies by
regulatory agencies, fluctuations in interest rates, demand for loans in the
Corporation's market area and competition, that could cause actual results to
differ materially from historical results and those presently anticipated or
projected. The Corporation wishes to caution readers not to place undue reliance
on such forward-looking statements, which speak only as of the date made. The
Corporation wishes to advise readers that the factors listed could affect the
Corporation's financial performance and could cause the Corporation's actual
results for future periods to differ materially from any opinions or statements
expressed with respect to future periods in any current statements.

     The Corporation does not undertake-and specifically declines any
obligation-to publicly release the result of any revisions which may be made to
any forward-looking statements to reflect events or circumstances after the date
of such statements or to reflect the occurrence of anticipated or unanticipated
events.