PSB Bancorp, Inc. to Evaluate Its Strategic Alternatives

PSB Bancorp, Inc. to Evaluate Its Strategic Alternatives 


PHILADELPHIA, March 10  /PRNewswire-FirstCall/ -- In response to rumors, PSB
Bancorp, Inc. (NASDAQ:PSBI) announced today that it has engaged Griffin
Financial Group LLC to assist PSB Bancorp, Inc. (the "Company") in evaluating
its strategic alternatives, including a possible sale of the Company.  Anthony
DiSandro, President and CEO of the Company, cautioned that investors should not
infer from this announcement that the Board of Directors of the Company will
conclude that sale of the Company is appropriate at the present time.

This press release contains statements concerning the Company's strategies,
plans, and objectives.  These statements constitute forward- looking statements
(within the meaning of the Private Securities Litigation Reform Act of 1995),
which involve significant risks and uncertainties. Therefore, you should not
rely solely on anything contained in this press release in making any
investment decisions regarding the Company. 

DATASOURCE: PSB Bancorp, Inc.



CONTACT:  Anthony DiSandro, President, PSB Bancorp, Inc.,

[phone]



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

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