Exhibit 99.1










For Release:  Tuesday, April 19, 2005

Contact:   Douglas Stewart, President, CEO
           Debra Geuy, Chief Financial Officer


                 PEOPLES-SIDNEY FINANCIAL CORPORATION ANNOUNCES
                            STOCK REPURCHASE PROGRAM

Sidney, OH;  NASD-NMS "PSFC"

Douglas  Stewart,  President and CEO of  Peoples-Sidney  Financial  Corporation,
parent company of Peoples Federal Savings and Loan Association,  announced today
the  authorization  of  the  commencement  of a  5%  stock  repurchase  program.
Repurchases  of up to  71,600  shares  will  be  made  from  time to time at the
discretion  of  management  in both  the open  market  and  through  unsolicited
negotiated  transactions,  and will be funded with positive  operating cash flow
and existing cash balances over the next twelve  months.  "Our  repurchase  plan
demonstrates our confidence in our prospects,  and our continued fidelity to our
shareholders," according to Mr. Stewart.

The  repurchase  plan  may  be  suspended  or  discontinued  at  any  time,  and
repurchased shares will be available for use in connection with the Corporations
existing stock plans and for other corporate purposes.

The previous repurchase  program,  which terminated on October 15, 2003, saw the
repurchase of 56,198 shares at a weighted average price of $11.76.

As of March 31, 2005, the Corporation had 1,432,648 shares outstanding.

Forward-Looking Statements

This press release contains forward-looking statements, which are not historical
facts and pertain to future operating results. These forward-looking  statements
are within the meaning of the Private Securities  Litigation Reform Act of 1995.
These  forward-looking  statements  include,  but are not limited to, statements
about our plans, objectives,  expectations,  and intentions and other statements
contained in this press release that are not historical facts.

When used in this press release, the words "expects,"  "anticipates," "intends,"
"plans,"  "believes,"  "seeks,"  "estimates,"  or words of similar  meaning,  or
future or conditional  verbs,  such as "will,"  "would,"  "should,"  "could," or
"may," are  generally  intended to identify  forward-looking  statements.  These
forward-looking  statements  are  inherently  subject to  significant  business,
economic,  and competitive  uncertainties and  contingencies,  many of which are
beyond our control. In addition, these forward-looking statements are subject to
assumptions  with respect to future  business  strategies and decisions that are
subject  to  change.  Actual  results  may differ  materially  from the  results
discussed in these forward-looking statements. We do not undertake to update any
forward-looking statement that may be made by the Company from time to time.