FOR IMMEDIATE RELEASE

For information contact:
Ms. Diane M. Gregg
President and Chief Executive Officer
OC Financial, Inc.
(800) 678-6228

                   Ohio Central Names Diane M. Gregg President
                          and Chief Executive Officer

       Robert W. Hughes Resigns Position as President and Chief Executive
                 Officer But Will Remain Chairman of the Board

DUBLIN, O.H., July 23, 2007 - OC Financial,  Inc. (OTCBB:  OCFL.OB), the holding
company for Ohio Central Savings, announced today that its Board of Directors on
July 20, 2007, appointed Diane M. Gregg as President and Chief Executive Officer
of the  Company and the Bank.  Robert W.  Hughes,  who served as Ohio  Central's
President and Chief  Executive  Officer  since 1989,  has resigned from both the
Company  and the Bank,  effective  August 10,  2007,  to take a Chief  Executive
Officer position at another community financial institution.  He will remain the
Chairman of the Board of both the Company and the Bank.

Ms. Gregg joined Ohio Central as Vice President and Chief  Operating  Officer in
1989 when the Bank was still a credit union.  She was first elected to the Board
of  Directors in 2004.  "Diane has been a great leader for Ohio Central  Savings
helping guide it through its transformation  from a credit union into a bank and
more recently into a public company. She will continue to work to implement Ohio
Central Savings' business strategy in this challenging environment for community
banking institutions," said Robert W. Hughes, Chairman of the Board.

OC  Financial,  Inc.  is  the  holding  company  for  Ohio  Central  Savings,  a
community-oriented   financial   institution   that   currently   operates   two
full-service offices in Dublin and Cleveland, Ohio.