RP FINANCIAL, LC.
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Financial Services Industry Consultants



                                                              September 12, 2006



Board of Directors
MSB Financial, MHC
MSB Financial Corp.
Millington Savings Bank
1902 Long Hill Road
Millington, New Jersey  07946

Members of the Boards of Directors:

     We hereby consent to the use of our firm's name in the Form MHC-2,  and any
amendments  thereto,  and in the  Registration  Statement  on Form S-1,  and any
amendments  thereto.  We also hereby consent to the inclusion of, summary of and
references to our Appraisal and our statement concerning  subscription rights in
such filings including the prospectus of MSB Financial Corp.


                                                       Sincerely,

                                                       RP FINANCIAL, LC.

                                                       /s/RP FINANCIAL, LC.

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