PRESS RELEASE


RSV BANCORP, INC.                               FOR FURTHER INFORMATION CONTACT:
2000 Mt. Troy Road                              Mr. Gerard R. Kunic
Pittsburgh, Pennsylvania 15212                  President
                                                (412) 322-6107


                              FOR IMMEDIATE RELEASE

Pittsburgh,  Pennsylvania - January 26, 2005 - RSV Bancorp, Inc. (OTC Electronic
Bulletin  Board  "RSVI"),  the holding  company (the  Company) of Mt. Troy Bank,
announced  that its 2005 Annual  Meeting of  Stockholders  was held  January 25,
2005. At the meeting,  Brian S. Allen was reelected as a director.  Stockholders
also  ratified  the  appointment  of  Parente  Randolph,  LLC as  the  Company's
independent auditor for the fiscal year ending September 30, 2005.

Also, at the meeting  President  Gerard R. Kunic  reported on the affairs of the
Company. The President reported on the results of operations, the name change of
the Company and the Bank and the opening of a new branch office.  The Company is
also announcing its goal in 2005 to deregister from the Securities  Exchange Act
of 1934,  in order to avoid the large  costs  associated  with  being a "public"
company,  which have been significantly  increased as a result of the passage of
the  Sarbanes-Oxley  Act. The Company will be permitted to deregister  after the
passage of three years from the date it went  public,  which will occur in April
2005, if it has less than 300 stockholders of record.

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 McIntyre Square shopping center in McCandless,
Pennsylvania.  The Bank's deposits are insured up to the maximum legal amount by
the Federal Deposit Insurance  Corporation (FDIC). The Company's common stock is
traded on the OTC Bulletin Board under the symbol "RSVI".

At the  Meeting,  President,  Gerard R.  Kunic,  reported  on the affairs of the
Company. The President reported on the results of operations, the name change of
the Company and the Bank and the opening of a new branch office.  The Company is
also announcing its goal in 2005 to deregister from the Securities  Exchange Act
of 1934,  in order to avoid the large  costs  associated  with  being a "public"
company,  which have been significantly  increased as a result of the passage of
the  Sarbanes-Oxley  Act. The Company will be permitted to deregister  after the
passage of three years from the date it went  public,  which will occur in April
2005, if it has less than 300 stockholders of record.

The  foregoing  material  contains  forward-looking  statements  concerning  the
financial  condition,  results of  operations  and business of the  Company.  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.