EXHIBIT 99
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FOR IMMEDIATE RELEASE                                   CONTACT:
Friday June 17, 2005                                    John A. Ustaszewski
                                                        Chief Financial Officer
                                                        (740) 657-7000




                               DCB FINANCIAL CORP
                                       TO
                         REPURCHASE UP TO 200,000 SHARES


         LEWIS CENTER, Ohio, June 17, 2005 -- DCB Financial Corp, (OTC Bulletin
Board DCBF) announced today its board of directors has authorized the repurchase
of up to 200,000 of its outstanding shares of common stock over a two year
period commencing June 16, 2005.

         The stock repurchase plan authorizes the Company to make repurchases
from time to time in the open market or in privately negotiated transactions. At
June 16, 2005, the Company had 3,934,760 shares of common stock outstanding.

         "We will repurchase shares when that is the best current use of excess
capital," said Jeffrey Benton, President and Chief Executive Officer. "We see
this as an excellent way to provide value to our shareholders. We will make
these purchases periodically, taking into account SEC regulations, market
conditions and our future business opportunities."

         DCB Financial Corp (the "Corporation") is a financial holding company
formed under the laws of the State of Ohio with $636 million in assets at March
31, 2005. DCB Financial is the parent of The Delaware County Bank & Trust
Company, (the "Bank") a state-chartered commercial bank. The Bank conducts
business from its main offices at 110 Riverbend Avenue in Lewis Center, Ohio,
and through its 15 full-service branch offices located in Delaware and the
surrounding communities. The Bank provides customary retail and commercial
banking services to its customers, including checking and savings accounts, time
deposits, IRAs, safe deposit facilities, personal loans, commercial loans, real
estate mortgage loans, night depository facilities and trust and personalized
wealth management services. The Bank also provides cash management, bond
registrar and payment services.


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APPLICATION OF CRITICAL ACCOUNTING POLICIES
DCB's consolidated financial statements are prepared in accordance with
accounting principles generally accepted in the United States and follow general
practices within the financial services industry. The application of these
principles requires management to make estimates, assumptions, and judgments
that affect the amounts reported in the financial statements and accompanying
notes. These estimates, assumptions, and judgments are based on information
available as of the date of the financial statements; as this information
changes, the financial statements could reflect different estimates,
assumptions, and judgments.

The most significant accounting policies followed by the Corporation are
presented in Note 1 of the audited consolidated financial statements contained
in the Corporation's 2004 Annual Report to Shareholders. These policies, along
with the disclosures presented in the other financial statement notes and in
this financial review, provide information on how significant assets and
liabilities are valued in the financial statements and how those values are
determined.

FORWARD-LOOKING STATEMENTS
Certain statements in this report constitute "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995, such as
statements relating to the financial condition and prospects, lending risks,
plans for future business development and marketing activities, capital spending
and financing sources, capital structure, the effects of regulation and
competition, and the prospective business of both the Corporation and its
wholly-owned subsidiary The Delaware County Bank & Trust Company (the "Bank").
Where used in this report, the word "anticipate," "believe," "estimate,"
"expect," "intend," and similar words and expressions, as they relate to the
Corporation or the Bank or their respective management, identify forward-looking
statements. Such forward-looking statements reflect the current views of the
Corporation and are based on information currently available to the management
of the Corporation and the Bank and upon current expectations, estimates, and
projections about the Corporation and its industry, management's belief with
respect thereto, and certain assumptions made by management. These
forward-looking statements are not guarantees of future performance and are
subject to risks, uncertainties, and other factors that could cause actual
results to differ materially from those expressed or implied by such
forward-looking statements. Potential risks and uncertainties include, but are
not limited to: (i) significant increases in competitive pressure in the banking
and financial services industries; (ii) changes in the interest rate environment
which could reduce anticipated or actual margins; (iii) changes in political
conditions or the legislative or regulatory environment; (iv) general economic
conditions, either nationally or regionally (especially in central Ohio),
becoming less favorable than expected resulting in, among other things, a
deterioration in credit quality of assets; (v) changes occurring in business
conditions and inflation; (vi) changes in technology; (vii) changes in monetary
and tax policies; (viii) changes in the securities markets; and (ix) other risks
and uncertainties detailed from time to time in the filings of the Corporation
with the Commission.

The Corporation does not undertake, and specifically disclaims any obligation,
to publicly revise any forward-looking statements to reflect events or
circumstances after the date of such statements or to reflect the occurrence of
anticipated or unanticipated events.



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