Exhibit 99






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


RELEASE DATE:                      CONTACT:
- -------------                      --------
June 16, 2004                      Frank D. Martz
                                   Group Senior Vice President
                                   of Operations and Secretary
                                   (724) 758-5584


           ESB FINANCIAL CORPORATION ANNOUNCES CASH DIVIDEND
           -------------------------------------------------

     ESB Financial Corporation announced today that its Board of Directors at
its meeting on June 15, 2004 declared a quarterly cash dividend of $.10 on the
Common Stock of ESB Financial Corporation payable on July 23, 2004 to the
stockholders of record at the close of business on June 30, 2004.

     In announcing the scheduled cash dividend, Charlotte A. Zuschlag,
President and Chief Executive Officer, noted the Company's results of
operations for the three months ended March 31, 2004.  The Company recognized
net income for the three month period ended March 31, 2004 of $2.4 million or
$.23 per diluted share.  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, and
offers a wide variety of financial products and services through sixteen
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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