PRESS RELEASE

Contacts:
Timothy K. Zimmerman
412-856-0353

David C. Mathews
814-842-3294


TO BE RELEASED:
December 15, 2005


Hoblitzell National Bank of Hyndman Receives Shareholder Approval to Proceed with the Merger into Standard Bank, PaSB.

Monroeville and Hyndman, PA, December 15, 2005 -- Standard Bank PaSB (Standard) and Hoblitzell National Bank of Hyndman (HNB) announced today that the shareholders of HNB have approved the proposed merger with Standard. HNB shareholders voted 77.6% of the outstanding shares in favor of the merger.

Commenting on the vote, David C. Mathews, President and Chief Executive Officer of HNB stated, “I am pleased that the HNB shareholders voted overwhelmingly to approve the merger with Standard. I look forward to the continued success of the combined organization.”

“With the shareholder approval received and the integration of HNB going forward, we believe that we are on course to close the transaction on or about January 12, 2006. We are very pleased with the process so far,” stated Timothy K. Zimmerman, President and Chief Executive Officer of Standard.

Under the terms of the Agreement, HNB shareholders will be entitled to receive $52.25 in cash for each share they own. All required bank regulatory approvals have been received.

Established in 1913, Standard is a Pennsylvania chartered savings bank with assets of $260 million. Standard currently operates seven offices serving individuals and small to mid size businesses in Allegheny and Westmoreland Counties, Pennsylvania. 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.

HNB has assets of $73 million, deposits of $56 million and shareholders’ equity of $7.6 million. Founded in 1903, HNB operates four offices in Bedford County in Pennsylvania and Allegany County in Maryland.

This news release may contain a number of forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, economic factors.

Neither Standard nor Hoblitzell undertakes any obligation to update these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made.