Contact:   Edward F. Seserko

                                                               President and CEO
                                                               (412) 681-8400

                                                    For Immediate Release
                                                    October 22, 2004


                             EUREKA FINANCIAL CORP.
                   ANNOUNCES DEREGISTRATION FROM SEC REPORTING


Pittsburgh,  Pennsylvania - Eureka  Financial Corp.,  (the "Company")  announced
today that it will file a Form 15 with the Securities and Exchange Commission to
deregister  its common stock from the reporting  requirements  of the Securities
Exchange Act of 1934.  Following  such  filing,  the Company will no longer file
periodic  reports  concerning its financial  condition and results of operations
with the Securities and Exchange Commission.

The Company's Board of Directors has determined  that the costs  associated with
being a registered SEC reporting company and the additional significant costs of
complying with the new  requirements of the  Sarbanes-Oxley  Act of 2002 are not
matched by the limited benefits to the Company and its shareholders.

Eureka  Financial  Corp.  is the parent  holding  company for Eureka  Bank.  The
Company's  common  stock  previously  traded  on the  OTC  Bulletin  Board.  The
Company's  common  stock will  continue to trade in the over the counter  market
under the symbol "EKFC" with quotations available through the Pink Sheets.

Safe Harbor Statement

The foregoing material may contain forward-looking  statements.  We caution that
such  statements  are subject to a number of  uncertainties  and actual  results
could differ materially and, therefore,  readers should not place undue reliance
on  any  forward-looking   statements.  The  Company  does  not  undertake,  and
specifically  disclaims,  any obligation to publicly  release the results of any
revisions  that may be made to any  forward-looking  statements  to reflect  the
occurrence of anticipated or  unanticipated  events or  circumstances  after the
date of such statements.