Laurel Capital Group Announces Corrections To First Quarter Fiscal 2004 Press Release

Laurel Capital Group Announces Corrections To First Quarter Fiscal 2004 Press
Release 


ALLISON PARK, Pa., Nov. 19  /PRNewswire-FirstCall/ -- Laurel Capital Group, Inc.
 today announced the correction of certain data set forth in its press release
dated November 7, 2003 reporting earnings for the quarter ended September 30,
2003.  Previously, the Company reflected average equity to average assets at
September 30, 2003 of 8.60%, and for the three months ended September 30, 2003,
return on average assets of 0.79%, return on average stockholder's equity of
9.15%, net interest margin of 2.42% and operating expenses to average assets of
2.53%.  The corrected figures are average equity to average assets at September
30, 2003 of 8.68% and for the three months ended September 30, 2003, return on
average assets of 0.60%, return on average stockholders' equity of 6.85%, net
interest margin of 2.36% and operating expenses to average assets of 1.91%.

Laurel Capital Group, Inc., headquartered in Allison Park, Pa., is the holding
company for Laurel Savings Bank. Laurel Savings Bank is a 116-year-old,
Pennsylvania-chartered, FDIC-insured savings bank with eight full-service
offices located in Allegheny and Butler counties offering a wide variety of
financial services and products to customers throughout the Pittsburgh
metropolitan area.

The Company's filings with the Securities and Exchange Commission are available
electronically on the Internet and can be found at
http://www.sec.gov/edgar/searchedgar/webusers.htm .

This news release may contain forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Actual future results and
trends could differ materially from those set forth in such statements due to
various factors. Such factors include the possibility that increased demand or
prices for the Company's financial services and products may not occur, changing
economic and competitive conditions, technological developments, and other risks
and uncertainties, including those detailed in the Company's filings with the
Securities and Exchange Commission. 

DATASOURCE: Laurel Capital Group, Inc.



CONTACT:  Edwin R. Maus, President-CEO, [phone] ext. 303, or

email, , or John A. Howard, Jr., Sr. Vice-President-CFO,

[phone] ext. 311, or email, , both of Laurel

Capital Group, Inc. 

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