EXHIBIT 99.1


                            CERTIFICATION PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002





















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                            CERTIFICATION PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Annual Report on Form 10-QSB of StateFed Financial
Corporation (the "Company") for the quarter ended September 30, 2002 as filed
with the Securities and Exchange Commission on the date hereof (the "Report"),
I, Randall C. Bray, Chairman of the Board of the Company, certify, pursuant to
section 906 of the Sarbanes-Oxley Act of 2002, that:


(1) the Report fully complies with the requirements of section 13(a) or 15(d) of
the Securities Exchange Act of 1934; and

(2) the information contained in the Report fairly presents, in all material
respects, the financial condition and results of operations of the Company.



By: /s/ Randall C. Bray
    -------------------
Name: Randall C. Bray
Chairman of the Board and President
November 14, 2002











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