EXHIBIT 5.1

              OPINION OF MALIZIA, SPIDI, SLOANE & FISCH, P.C. AS TO
                THE VALIDITY OF THE COMMON STOCK BEING REGISTERED



March 3, 1999

Board of Directors
WSB Holding Company
807 Middle Street
Pittsburgh, Pennsylvania  15212

            RE:  Registration Statement on Form S-8:
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                 WSB Holding Company 1998 Stock Option Plan

Ladies and Gentlemen:

         We have acted as special counsel to WSB Holding Company, a Pennsylvania
corporation  (the  "Company"),   in  connection  with  the  preparation  of  the
Registration  Statement on Form S-8 to be filed with the Securities and Exchange
Commission (the  "Registration  Statement") under the Securities Act of 1933, as
amended,  relating to 33,060  shares of common  stock,  par value $.10 per share
(the  "Common  Stock") of the Company  which may be issued upon the  exercise of
options granted or which may be granted under the WSB Holding Company 1998 Stock
Option Plan (the "Plan"), as more fully described in the Registration Statement.
You have  requested  the  opinion of this firm with  respect  to  certain  legal
aspects of the proposed offering.

         We have examined such documents, records, and matters of law as we have
deemed  necessary for purposes of this opinion and based thereon,  we are of the
opinion that the Common Stock when issued  pursuant to the stock awards  granted
under and in  accordance  with the  terms of the Plan  will be duly and  validly
issued, fully paid, and nonassessable.

         We hereby  consent to the  filing of this  opinion as an exhibit to the
Registration Statement on Form S-8.

                                       Sincerely,


                                       /s/Malizia, Spidi, Sloane & Fisch, P.C.
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                                       Malizia, Spidi, Sloane & Fisch, P.C.