EXHIBIT 99

                                  PRESS RELEASE

                                          Contact:         Richard A. Sinewe
                                                           President
                                                           Reserve Bancorp, Inc.
                                                           (412) 322-6107
Reserve Bancorp, Inc.
Mt. Troy Bank
2000 Mt. Troy Road
Pittsburgh, Pennsylvania 15212

OTC Electronic Bulletin Board "RSVB"
                                                           For Immediate Release
                                                               November 10, 2003


                              RESERVE BANCORP, INC.
                  ANNOUNCES CASH DIVIDEND AND NEW BOARD MEMBER

     Pittsburgh,  Pennsylvania  --  November  10,  2003 --  Richard  A.  Sinewe,
President of Reserve Bancorp,  Inc. (the "Company"),  the holding company of Mt.
Troy Bank (the "Bank"),  announced  today that the Company's  Board of Directors
has declared a semi-annual  cash dividend of $.10 per share to  stockholders  of
record as of December 15, 2003, payable on or about December 31, 2003

     Mr.  Sinewe  indicated  that the cash dividend is being paid as a result of
continued profitability of the Company and the Bank. It is the current intention
of the Board of Directors to continue to pay a dividend semi-annually.  However,
the payment of future  dividends will be subject to the Board's  periodic review
of the financial  condition,  earnings,  and capital requirements of the Company
and the Bank.

     The Company also  announced  the  appointment  of Mr. Brian S. Allen to the
Board  of  Directors.  Mr.  Allen  is a  Certified  Financial  Analyst  and Vice
President of C.S.  McKee.  He holds an MBA degree from the Wharton School of the
University of Pennsylvania  and a BS degree from James Madison  University.  Mr.
Allen replaces deceased director, Fred Maitz, Jr.

     Mt. Troy Bank is a federally  chartered  stock savings bank which  conducts
its  business  from its main  office in  Reserve  Township,  Pennsylvania  and a
full-service branch office in the city of Pittsburgh,  Pennsylvania.  The Bank's
deposits  are insured up to the  maximum  legal  amount by the  Federal  Deposit
Insurance  Corporation  (FDIC).  At September  30,  2003,  the Company had total
assets  and   stockholders'   equity  of  $72.5   million  and  $12.6   million,
respectively.  The  Company's  common stock is traded on the OTC Bulletin  Board
under the symbol "RSVB."