EXHIBIT 99

                                  NEWS RELEASE

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                                            Contacts:
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                                            Camco Financial Corporation
                                            Cambridge, Ohio
                                            Richard C. Baylor - 740-435-2020

                                            Columbia Financial of Kentucky, Inc.
                                            Ft. Mitchell, Ky.
                                            Stephen C. Daniels - 859-331-2419
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Release Date:     November 16, 2001
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Release Time:     4:30 PM
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                         Camco Completes Acquisition of
                      Columbia Financial of Kentucky, Inc.

     [CAMBRIDGE, OHIO - (BUSINESS WIRE) - NOVEMBER 16, 2001] Camco Financial
Corporation (Nasdaq National Market "CAFI"), a savings and loan holding company
located in Cambridge, Ohio, announced the completion yesterday of its previously
announced acquisition of Columbia Financial of Kentucky, Inc.("CFKY"). CFKY's
operating subsidiary, Columbia Federal Savings Bank, with 5 offices in Northern
Kentucky, will operate as Columbia Savings Bank, a Division of Advantage Bank.

     CFKY shareholders will receive $6.90 in cash and .3681 Camco share for each
CFKY share outstanding. As a result of the acquisition, Camco will have
approximately 8 million publicly traded shares of common stock.

     Richard C. Baylor, President & CEO of Camco, commented, "We are excited to
complete this addition to our community bank group. Columbia Savings Bank will
provide more customer convenience from our "Advantage Banking" brand of
products." Baylor continued, "We are confident that the market will respond
favorably to the dynamic combination of Camco's operational support and
Columbia's community ties that will be maintained through the continuation of
Columbia Savings Bank's community banking efforts. Camco expects that this
acquisition should be accretive to Camco's earnings in the first year."


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     Columbia's President Robert V. Lynch commented, "I am very pleased to have
our bank join the Advantage Bank family of community banks. This merger will
enhance services, add a broad range of products, and bring new technology to
Columbia's customers."

     This brings Advantage Bank's greater Cincinnati and Northern Kentucky asset
base to over $250 million and increases the area offices from 3 to 8. Camco now
provides its financial services of community banking, mortgage banking and title
services through 35 offices in 26 communities in Ohio, Kentucky and West
Virginia.

     At September 30, 2001, Camco had assets of $1.0 billion and stockholders'
equity of $83.6 million, and on a consolidated basis, the Columbia acquisition
increases Camco's assets to approximately $1.1 billion and stockholders equity
to approximately $96.0 million.








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