EXHIBIT 99

                                  NEWS RELEASE

RELEASE DATE:              SEPTEMBER 28, 2004

RELEASE TIME:              4:30 PM


                CAMCO FINANCIAL ANNOUNCES QUARTERLY CASH DIVIDEND

CAMBRIDGE, OHIO - Camco Financial Corporation (NASDAQ: CAFI) today announced a
quarterly cash dividend of 14.5 cents per share. The dividend was declared
September 28, 2004 for shareholders of record on October 5, 2004 and is payable
on October 15, 2004.

Camco's CEO & President, Richard C. Baylor, commented, "We are pleased to
maintain a strong dividend of 14.5 cents per share, which represents a 3.91%
yield based on our current market price and ongoing value to our shareholders."

Camco Financial Corporation, with assets of $1.07 billion, is headquartered in
Cambridge, Ohio. Camco and its wholly owned subsidiaries, including Advantage
Bank, offer community banking, mortgage banking, internet banking and title
services from 30 offices in 23 communities in Ohio, Kentucky and West Virginia.

Additional information about Camco may be found on Camco's web site:

                             www.camcofinancial.com