Exhibit 99.1
                                
                      Press Release issued
                        on May 26, 1998






         DELAWARE FIRST BANK ANNOUNCES MANAGEMENT CHANGE

     WILMINGTON, D.E. - After serving as President and CEO of Delaware First
Bank, FSB for over sixteen years, Ronald P. Crouch has announced his
resignation in order to pursue new and diversified opportunities outside of the
Bank. 

     The Bank's Board of Directors was understanding of Mr. Crouch's desire to
pursue these other opportunities and accepted his resignation.  It acknowledged
Mr. Crouch's many contributions to the Bank including his leadership through
the years of thrift crisis and during the Bank's recent conversion from mutual
to stock form of ownership.

     The Bank expressed its best wishes to Mr. Crouch in his future endeavors
and stated that it would begin a search for a qualified successor.  Mr. Crouch
has been asked, and has agreed, to work with the Bank to ensure an orderly
transition.

     Mr. Crouch stated that he left when he felt the Bank was on the right
course and after he had accomplished many of the objectives he had set.  He
felt it was time to turn to other challenging opportunities and to turn over
the leadership of the Bank as it moves into the next century.

     Delaware First Bank is a wholly-owned subsidiary of Delaware First
Financial Corporation  (OTC BB:DFFN).  Delaware First Financial completed its
conversion to a public stock company on December 31, 1997, issuing 1.2 million
shares of common stock at $10.00 a share.  Delaware First Bank is a community
and customer oriented federal savings bank operating from its main office in
Wilmington, Delaware.