1
                                                                    Exhibit 99.1

JUNE 16, 1998                                                  IMMEDIATE RELEASE





                                                
Contact:  Kenneth L. Hanauer                           John W. Raisbeck
          President And Chief Executive Officer        President And Chief Executive Officer
          OHSL Financial Corp.                         Western Ohio Financial Corporation
          5889 Bridgetown Road                         28 East Main Street
          Cincinnati, Ohio 45248                       Springfield, Ohio 45502
          (513) 574-3322                               (937) 325-4683



              OHSL Financial Signs Definitive Agreement to Acquire
                      Western Ohio Financial Branch Office


Cincinnati, Ohio - OHSL Financial Corp. (Nasdaq: "OHSL") and Western Ohio
Financial Corporation (Nasdaq: "WOFC") jointly announced today that their
banking subsidiaries, Oak Hills Savings and Loan Company, F.A. and Cornerstone
Bank, have signed a definitive agreement, in which Oak Hills Savings and Loan
will purchase Cornerstone Bank's Sayler Park branch office.

Under the terms of the agreement, OHSL Financial will acquire Cornerstone Bank's
Sayler Park branch office facility. The branch has approximately $9.3 million in
deposits. Terms of the transaction were not disclosed. The acquisition, subject
to regulatory approval, is expected to be completed in the fourth quarter.

Kenneth L. Hanauer, President and Chief Executive Officer of OHSL Financial
Corp, stated, "This acquisition will allow us to expand service to our customers
in southwestern Hamilton County. The acquisition of this office provides a
logical expansion into an existing market and will enhance our community banking
franchise. We welcome the Cornerstone Bank customers and employees to our
company."

The sale of the branch deposits is part of Western Ohio's exit strategy from the
Cincinnati market area. John W. Raisbeck, President and Chief Executive Officer
of Western Ohio, commented, "This transaction represents a part of our broader
strategy of concentrating more fully on our traditional strengths and greater
west central Ohio market area. This divestiture will significantly enhance our
company's efficiency ratio and allow us to improve our financial performance."

WOFC expects to take an estimated one-time charge of $913,000 upon completion of
the sale of its Cincinnati offices. WOFC experts this transaction to be
immediately accretive to future earnings per share as well as improve its return
on assets and return on equity.

McDonald & Company Securities, Inc. is serving as Western Ohio's Financial
Advisor in connection with this transaction.