STEELTON BANCORP, INC. Steelton Bancorp, Inc. Subject: Special Meeting of Stockholders 51 South Front Street Steelton, Pennsylvania 17113 Contact: James S. Nelson Executive Vice President (717) 939-1966 Date: April 11, 2003 FOR IMMEDIATE RELEASE - --------------------- Steelton Bancorp, Inc. Shareholders Approve Merger with Sun Bancorp, Inc. Steelton, Pennsylvania -- Steelton Bancorp, Inc. (the "Company"), the parent savings and loan holding company of Mechanics Savings Bank, Steelton, Pennsylvania, announced that its Special Meeting of Stockholders was held today. At the meeting, stockholders approved the Agreement and Plan of Reorganization with Sun Bancorp, Inc. and Sun Bank. Pursuant to the Agreement, Mechanics Savings Bank will be merged into Sun Bank and the stockholders of the Company will receive $22.04 in cash for each share of the common stock of the Company outstanding. The Reorganization is expected to close April 24, 2003. The Company's common stock is traded on the over-the-counter ("OTC") bulletin board under the symbol "SELO".