SE Financial Corp.

                                                           FOR IMMEDIATE RELEASE
                                                          Contact: Pamela M. Cyr
                                               President/Chief Executive Officer
                                                                  (215) 468-1700


 SE FINANCIAL CORP. APPOINTS CHARLES ("CHUCK") M. CAHN TO ITS BOARD OF DIRECTORS

         Philadelphia,  Pennsylvania,  October  28,  2005 - SE  Financial  Corp.
(OTCBB:  SEFL) (the  "Company"),  the holding company for St.  Edmond's  Federal
Savings  Bank (the  "Bank"),  announced  today that its Board of  Directors  has
appointed  Charles  ("Chuck") M. Cahn to the Board of Directors  for each of the
Company and of the Bank.  Mr. Cahn will serve as a member of the Loan  Committee
and the Human Resources Committee.


         Mr. Cahn is currently  the  President  and Chief  Executive  Officer of
Stewart  Business  Systems,  LLC, a subsidiary of Global Imaging Systems Inc., a
publicly traded NASDAQ company. Cahn led Stewart Industries,  a document imaging
company,  for over 28 years,  achieving  annual  sales  revenue in excess of $44
million through its six regional locations. Cahn's responsibilities included all
aspects  of  operations,   sales  and  marketing,   human  resources,   contract
negotiations,  forecasting and budgeting. In 2004, Cahn orchestrated the sale of
Stewart  Industries to Global  Imaging  Systems Inc.,  and continues to serve as
President and CEO of the  subsidiary.  Cahn is also a partner in CKS Real Estate
Holdings,  LLC., a real estate investment company, with over 850 apartment units
located in Philadelphia, Pennsylvania and Columbus, Ohio.

         Cahn  is a  graduate  of  Rutgers  University  with  a dual  degree  in
Economics and Business  Administration.  He resides in Voorhees, New Jersey with
his wife and three children.

         "With a  distinguished  track  record of nearly 30 years in business in
the  Philadelphia  and South  Jersey  markets,  we believe  that we will benefit
greatly from Chuck's entrepreneurial  experience and leadership skills, and that
his business  relationships will open new doors for St. Edmond's Federal Savings
Bank",  commented Chairman Marcy C. Panzer, "The Board and Executive  Management
look  forward to working  with Chuck as we continue to execute our growth  plan,
including  branch  expansion in Ardmore and Roxborough and core deposit and loan
growth which we believe will provide increased value to our shareholders."



         SE Financial  Corp.  is the holding  company for St.  Edmond's  Federal
Savings  Bank, a federally  chartered  stock savings  institution  with its main
office in Philadelphia,  Pennsylvania and a branch office in Sewell, New Jersey.
SE  Financial   Corp.   went  public  in  May  2004  in   connection   with  the
mutual-to-stock  conversion of the Bank. Its stock is traded on the OTC Bulletin
Board under the symbol "SEFL."

         Statements  contained in this news  release,  which are not  historical
facts, contain forward-looking statements as that term is defined in the Private
Securities  Litigation Reform Act of 1995. Such  forward-looking  statements are
subject to risk and  uncertainties,  which could cause actual  results to differ
materially  from those currently  anticipated due to a number of factors,  which
include,  but are not limited to,  factors  discussed in documents  filed by the
Company with the  Securities  and  Exchange  Commission  from time to time.  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.