EXHIBIT 99.1

                           CHESTER VALLEY BANCORP INC
                                    DECLARES
                             QUARTERLY CASH DIVIDEND


FOR IMMEDIATE RELEASE

MONDAY, FEBRUARY 28, 2005

CONTACT: JOSEPH T. CROWLEY
         CHIEF FINANCIAL OFFICER
         (610) 269-9700


Downingtown - Chester Valley Bancorp Inc. announced the declaration of a $.105
quarterly cash dividend. The dividend will be paid on March 31, 2005 to
shareholders of record as of the close of business on March 14, 2005. The cash
dividend is based on earnings of $1.6 million or $.30 per diluted share for the
quarter ended December 31, 2004. At December 31, 2004, the Company had assets of
$669.1 million and stockholders' equity of $55.0 million. It is the Company's
continued intention that any future cash dividends will be paid on or around the
last day of a calendar quarter.

Chester Valley Bancorp Inc. is the parent company of both First Financial Bank
and Philadelphia Corporation for Investment Services. First Financial Bank's
executive offices are located in Downingtown, Pennsylvania with additional
branch locations in Exton, Frazer, Thorndale, Westtown, Airport Village,
Brandywine Square, Devon, Kennett Square, Eagle, Coatesville, Avondale and West
Chester. Philadelphia Corporation has offices in Wayne and Philadelphia.

Chester Valley Bancorp stock is traded on the NASDAQ market under the symbol
"CVAL".