EXHIBIT 99

                              PRESS RELEASE
























                         P R E S S   R E L E A S E


RELEASE DATE:                           CONTACT:
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June 18, 2003                           Frank D. Martz
                                        Group Senior Vice President
                                        of Operations and Secretary
                                        (724) 758-5584


            ESB FINANCIAL CORPORATION ANNOUNCES CASH DIVIDEND
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     ESB Financial Corporation announced today that its Board of Directors
at its meeting on June 17, 2003 declared a quarterly cash dividend of $.10
on the Common Stock of ESB Financial Corporation payable on July 25, 2003 to
the stockholders of record at the close of business on June 30, 2003.

     In announcing the scheduled cash dividend, Charlotte A. Zuschlag,
President and Chief Executive Officer, noted the Company's favorable results
of operations for the three months ended March 31, 2003.  The Company
recognized net income for the three month period ended March 31, 2003 of
$2.36 million or $.22 per diluted share which reflects a six-for-five stock
split which was declared April 15, 2003 and was payable May 15, 2003 to the
stockholders of record at the close of business on May 1, 2003.  This
announcement reflects the Company's policy of declaring a regular quarterly
cash dividend.  This quarterly cash dividend equates to an annual cash
dividend of $.40 per share.

     ESB Financial Corporation is the parent Holding Company of ESB Bank,
F.S.B. and offers a wide variety of financial products and services through
seventeen offices in the contiguous counties of Allegheny, Lawrence, Beaver
and Butler in Pennsylvania. The common stock of the Company is traded on the
Nasdaq Stock Market under the symbol "ESBF".


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