EXHIBIT 99.1

                  SFSB, INC. ANNOUNCES STOCK REPURCHASE PROGRAM

    BEL AIR, Md., May 10 /PRNewswire-FirstCall/ -- SFSB, Inc. (OTC Bulletin
Board: SFBI) today announced that the Company's Board of Directors has approved
the repurchase of up to 5% of the Company's outstanding common stock, or
approximately 66,314 shares. The program will commence after the filing with the
Securities and Exchange Commission of the results of operations for the
quarterly period ended March 31, 2006. Repurchases, which will be conducted
through open market purchases or privately negotiated transactions, will be made
from time to time depending on market conditions and other factors. Repurchased
shares will be held in treasury.

    SFSB, Inc. is the parent company of Slavie Federal Savings Bank. Slavie
Federal Savings Bank is headquartered in Bel Air, Maryland with a branch in the
Baltimore metropolitan area. The Bank is a full service community- oriented
financial institution dedicated to serving the financial service needs of
consumers and businesses within its market area.

SOURCE  SFSB, Inc.
    -0-                             05/10/2006
    /CONTACT:  Charles E. Wagner, Jr., SFSB, Inc., +1-443-265-5570/
    /Web site:  http://www.slavie.com /
    (SFBI)