EXHIBIT 99

Release Date:                                            Further Information:

FOR IMMEDIATE RELEASE                                    James S. McKain, Jr.
June 19, 1998                                            Chairman of the Board
                                                         of Directors
                                                                  - or -
                                                         David J. Bursic
                                                         President and
                                                         Chief Executive Officer
                                                         Phone: (412) 364-1911


WVS FINANCIAL CORP. (NASDAQ:WVFC) AND WEST VIEW SAVINGS BANK
ANNOUNCE THE RETIREMENT OF ROBERT SINEWE AND THE APPOINTMENT
OF DAVID J. BURSIC AS PRESIDENT AND CHIEF EXECUTIVE OFFICER.

PITTSBURGH,  PA -- After  serving as President and CEO of West View Savings Bank
for over seventeen years and President and CEO of WVS Financial Corp.  since its
formation in 1993,  Robert C. Sinewe has  announced his  retirement.  Mr. Sinewe
noted  that  "After  serving 28 years as an officer  and  employee  of West View
Savings  it is time  for me to step  aside  in  order  that I may  pursue  other
personal interests."

         The Board of Directors of WVS Financial  Corp. and of West View Savings
were understanding of Mr. Sinewe's desire to pursue these other interests.  Each
Board acknowledged Mr. Sinewe's many contributions to both West View Savings and
WVS Financial  Corp.,  including his  leadership in West View Savings  mutual to
stock  conversion in 1993 and WVS Financial  Corp.'s  successful  operation as a
public  company  over the past  five  years.  On  behalf  of its  employees  and
stockholders,  the Boards of Directors expressed their best wishes to Mr. Sinewe
in his future endeavors.

         The Boards of Directors have appointed  David J. Bursic,  who currently
serves as Vice President, Treasurer and Chief Financial Officer of WVS Financial
Corp. and West View Savings, to serve as President and CEO of both WVS Financial
Corp.  and West View  Savings.  Mr. Bursic has been an employee of the companies
for thirteen years and an executive  officer since 1992.  James S. McKain,  Jr.,
Chairman of the Board of  Directors,  stated "We are very  fortunate  to have an
individual as experienced and as qualified as Dave Bursic to succeed Bob Sinewe.
Dave is extremely  knowledgeable  about all aspects of  operations  of West View
Savings and WVS Financial  Corp." Mr. Sinewe stated that "Dave Bursic and I have
worked closely  together for many years and Dave is well suited to succeed me as
President."

         WVS Financial Corp.  owns 100% of the outstanding  common stock of West
View Savings Bank.  The Savings Bank is a  Pennsylvania-chartered,  FDIC savings
bank which conducts business from six offices located in the North Hills suburbs
of  Pittsburgh,  Pennsylvania.  At March 31, 1998 WVS Financial  Corp. had total
assets of $298 million,  total deposits of $165 million and shareholders' equity
of $32.8 million.