Murrysville, Pennsylvania. January 23, 2008. Standard Bank (“Standard” or the “Bank”) announces Thomas J. (“Tim”) Rennie has been elected to serve on the Board of Directors of Standard Bank.

Mr. Rennie is a Certified Public Accountant and owns a public accounting firm offering tax, accounting and consulting services located at 132 West Main Street in Ligonier. Mr. Rennie has over 20 years’ experience in public accounting as an auditor, controller and tax professional. He obtained his Bachelor of Arts Degree from St. Vincent College and his Masters Degree from Indiana University of Pennsylvania. He currently serves as President of the Ligonier Chamber of Commerce, is President Elect of the Southwestern Chapter PICPA and has served as the past President of Ligonier Rotary Club. He is also active in his church, St. Benedict Parish, where he serves on the Finance Counsel. Mr. Rennie and his wife currently reside in the Greensburg area.

Mr. Rennie will serve as a director and advisor for the Bank and as a liaison with local businesses and community organizations. He will monitor and identify community service needs and business development opportunities to enhance Standard’s service to the Ligonier community.

Terence L. Graft, Chairman of Standard’s Board of Directors, stated “We’ve been looking for someone with a strong community connection and service record to support our efforts in Ligonier. Tim is a perfect fit. His long record of community involvement and service speaks for itself.”

Established in 1913, Standard is a Pennsylvania chartered savings bank with assets of $340 million. Standard operates ten offices serving individuals and small to mid sized businesses in Allegheny, Westmoreland and Bedford Counties, in Pennsylvania and Allegany County in Maryland. Standard is a wholly owned subsidiary of Standard Mutual Holding Company, which has not issued any stock. There is no common stock traded on any exchange.