Stock Dividend and Quarterly Cash Dividend Announced by Chester Valley Bancorp Inc.

Stock Dividend and Quarterly Cash Dividend Announced by Chester
Valley Bancorp Inc. 


DOWNINGTOWN, Pa., Aug. 26  /PRNewswire-FirstCall/ -- Chester Valley Bancorp
Inc. (NASDAQ:CVAL) announced the declaration of a 5% stock dividend in addition
to its regular quarterly cash dividend of $.105 per share to be paid on
September 30, 2004 to shareholders of record as of September 17, 2004.  The
cash dividend is based on earnings of $1.6 million or $0.32 per diluted share
for the three months ended June 30, 2004 and will be paid on shares held before
the issuance of the stock dividend.  At June 30, 2004, the Company had assets
of $642.1 million and a capital base of $52.3 million.

Chester Valley Bancorp Inc. is the parent company of both First Financial Bank
and Philadelphia Corporation for Investment Services.  First Financial Bank's
executive offices are located in Downingtown, Pennsylvania. The Bank has
additional Chester County, Pennsylvania branches in Exton, Frazer, Thorndale,
Westtown, Airport Village, Brandywine Square, Devon, Kennett Square, Eagle,
Coatesville and West Chester.  Philadelphia Corporation for Investment Services
has offices in Wayne and Philadelphia.

Chester Valley Bancorp stock is traded on the NASDAQ market under the symbol
"CVAL." 

DATASOURCE: Chester Valley Bancorp Inc.



CONTACT:  Joseph T. Crowley, Chief Financial Officer, Chester Valley

Bancorp, [phone]



Web site:  http://www.ffbonline.com/ 

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