EXHIBIT 99.1



                          We Hope You'll Join Us . . .



                                     Nittany
                                       Financial
                                         Corp.










                           QUESTION AND ANSWER SHEET


We, the executive  officers and directors invite you to join us in participating
in our stock  offering.  We hope this  question and answer sheet will answer any
questions you have about this opportunity.

         Samuel J. Malizia, Chairman of the Board
         David Z. Richards, Director, President and Chief Executive Officer
         David K. Goodman, Jr., Director
         William A. Jaffe, Director
         J. Garry McShea, Director
         Donald J. Musso, Director
         D. Michael Taylor, Director
         Richard C. Barrickman, Senior Vice President
         John E. Arrington, Vice President

Why are we selling more stock?

In our initial public  offering in 1998, we raised  approximately  $5,800,000 to
start Nittany Bank.  Nittany  Bank's  original  business plan projected that the
initial  public stock  offering would provide enough capital for Nittany Bank to
commence  operations  and grow for the first few  years.  However,  we have been
fortunate to have exceeded our growth projections and we need additional capital
to continue to grow Nittany Bank. With the additional proceeds,  we will be able
to continue to increase our  investment  in our loan  portfolio and increase our
customer base.

How will the proceeds from the stock offering be used?

If we sell all of the  shares  offered,  gross  proceeds  will be  approximately
$2,200,000.  If we sell less than all of the shares  offered,  proceeds  will be
lower. We intend to retain all funds received in the offering and to invest most
of the capital in Nittany  Bank.  Most of the funds will be used by Nittany Bank
to make loans into our local  community.  More  capital  means that Nittany Bank
will be able to lend more money in the aggregate and to an individual  borrower.
The  offering,  if fully  sold,  will raise our legal  lending  limit to any one
borrower to over $900,000.  In addition,  we are  evaluating the  possibility of
additional branch locations within the State College market area.

Who are our shareholders?

Most of our  shareholders are local residents of the State College area. We have
been strongly  supported by families and small  businesses  in this market.  Our
directors  and  executive  officer  own  over 30% of us and  have  committed  to
purchase over 60,000 shares in this secondary stock offering.









Are members of the community involved in Nittany Bank?

Nittany  Bank has  created  a  Community  Advisory  Board of  Directors  to help
evaluate the needs of the  community  and to solicit ideas and comments from the
business  community and general  public.  The members are all local residents of
the State College area and consist of:

         Mr. Craig Avedesian
         Dr. Richard Doerfler
         Ms. Kelly Grimes
         Mr. Hugh Manion
         Mr. James Meister
         Ms. Lori Pacchioli
         Ms. Ann Riley
         Mr. Richard Shore
         Mr. Donn Wagner

How have we performed in our first 12 months of operation?

Our  stock is traded  on the OTC  Electronic  Bulletin  Board  under the  symbol
"NTNY." We have exceeded all of our growth and income projections. As of October
31, 1999,  we had over 3,000  accounts and $47 million in  consolidated  assets.
Please refer to our prospectus for our financial information.

What can I expect in return for my investment?

Our officers and directors are optimistic about our future.  Please refer to the
prospectus which describes the risk factors associated with an equity investment
in us.

Must I be a shareholder of Nittany Financial Corp. or a customer of Nittany Bank
to purchase shares in the stock offering?

Until December 31, 1999, our current shareholders and customers,  as of the date
of the prospectus, have first priority to purchase shares in the offering. After
December  31, 1999,  any  remaining  shares will  generally be sold in the order
subscriptions are received.








How do I purchase shares in the stock offering?

Complete, sign and submit the enclosed irrevocable  Subscription  Application in
the prospectus,  with full payment, payable by check, bank draft or money order.
You may send or mail your application to: Nittany Bank, Escrow Agent for Nittany
Financial  Corp., at:

                      By Mail                     In Person
                      -------                     ---------
                      P.O. Box 10283              116 E. College Avenue
                      Calder Square               State College, PA  16801
                      State College, PA 16805

Subscription  funds  received  will be  deposited  into an escrow  account  with
Nittany Bank pending completion of the stock offering.

Can my investment be held as an IRA?

Talk to your broker or custodian  about your  self-directed  IRA. They should be
able to purchase the shares for you. If not, you would need to transfer your IRA
to a custodian  that will be able to handle the  transaction.  Please contact us
for further information.



                                    QUESTIONS

                                    Call Us:
                                 (814) 238-5724
                                  Monday-Friday



This Question and Answer Sheet is neither an offer to sell nor a solicitation of
an offer to buy securities. See the "Risk Factors" section of the Prospectus for
a discussion of certain matters that should be considered  carefully  before you
decide to purchase our shares. The offering is made only by the prospectus.