Exhibit 99 [FIRST FEDERAL FINANCIAL SERVICES CORP LETTERHEAD] NEWS RELEASE FOR IMMEDIATE RELEASE March 20, 1997 Gary G. Clark, Chairman FirstFederal Financial Services Corp 135 East Liberty Street Wooster, OH 44691 Phone: (330) 264-8001 FirstFederal Financial Services Corp Announces Issuance of Subordinated Notes and Filing of Application to Convert to Bank Charter Wooster, Ohio (NASD: "FFSW"; "FFSWO") FirstFederal Financial Services Corp today announced that it had sold privately $40.5 million of 9.125% Subordinated Notes due March 15, 2004. The Notes were placed through McDonald & Company Securities, Inc. and are intended to qualify, pursuant to rules of the Federal Reserve System, as Tier II capital. The issuance of the Notes comes in conjunction with the Company's application to become a bank holding company and the application of its primary subsidiary, First Federal Savings and Loan Association, to become a national bank. "The issuance of the Notes provides a source of funds at an attractive rate and further bolsters our capital as we make the move to a bank holding company," according to Gary G. Clark, Chairman and CEO. The Notes are subject to redemption at the option of the Company commencing March 15, 2002.