Subject:  Eureka Bank
          Holding Company Reorganization

                                               Contact:  Gary B. Pepper
                                                         Chief Financial Officer
                                                         (412) 681-8400

                                                         For Immediate Release
                                                         April 1, 2003

                       EUREKA BANK ANNOUNCES COMPLETION OF
                     MID-TIER HOLDING COMPANY REORGANIZATION

     Pittsburgh,  Pennsylvania - Eureka Bank  announced  today that it completed
its reorganization  into a three-tier mutual holding company structure effective
after the close of business on Monday,  March 31, 2003. In  connection  with the
reorganization,  which was  approved by  stockholders  at Eureka  Bank's  Annual
Meeting of  Stockholders  on January 27, 2003, each share of common stock of the
Bank has been converted into one share of common stock in Eureka Financial Corp.
("Stock Holding Company"),  a newly formed federal corporation.  Eureka Bancorp,
MHC will own 58.8% of the outstanding stock of the Stock Holding Company and the
Bank will be a wholly owned subsidiary of the Stock Holding Company.

     Stock certificates  formerly  representing Eureka Bank common stock are now
deemed for all  corporate  purposes to evidence  ownership of the same number of
shares  of Eureka  Financial  common  stock,  and  there is no  requirement  for
stockholders  to exchange or surrender  their current stock  certificates  until
they sell or transfer their shares.

     Effective  April 1, 2003,  the Common Stock of Eureka  Financial  Corp. has
replaced the Bank's common stock on the Electronic  Bulletin  Board.  The Eureka
Financial Corp. Common Stock will trade under the new symbol "EKFC."