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                                                                    EXHIBIT 23.1
 
                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
 
As independent public accountants, we hereby consent to the use of our report
dated February 26, 1996, on the financial statements of Prestige Bank, F.S.B.,
and to all references to our Firm included in or made a part of this Amendment
No. 2 to Registration Statement No. 333-2692 on Form S-1 for Prestige Bancorp,
Inc.
 
                                        /s/ ARTHUR ANDERSEN LLP
                                        -----------------------
                                        ARTHUR ANDERSEN LLP
 
Pittsburgh, Pennsylvania,
  May 9, 1996