Sound Federal Bancorp, Inc. Stock Repurchase Program Announced

Sound Federal Bancorp, Inc. Stock Repurchase Program Announced



WHITE PLAINS, N.Y., June 11  /PRNewswire-FirstCall/ -- Sound Federal Bancorp,
Inc. (NASDAQ:SFFS) (the "Company"), the holding company for Sound Federal
Savings (the "Bank"), announced today that it is commencing a stock repurchase
program to acquire up to 658,844 shares of the Company's Common Stock, which
represents approximately 5% of the Company's common shares outstanding.  The
timing of the repurchases will depend on certain factors, including but not
limited to, market conditions and prices, the Company's liquidity requirements
and alternative uses of capital.  The Company recently completed the
acquisition of 637,332 shares of its common stock pursuant to a repurchase
program that was announced on March 12, 2004.

At March 31, 2004, the Company reported total assets of $890.5 million,
deposits of $708.3 million and total stockholders' equity of $137.1 million.
The Bank is a federally-chartered stock savings bank offering traditional
financial services and products through its branches in New York in Mamaroneck,
Harrison, Rye Brook, Peekskill, Yorktown, New Rochelle, Somers and Cortlandt in
Westchester County and New City in Rockland County, and in Connecticut in
Greenwich, Stamford and Brookfield. 

DATASOURCE: Sound Federal Bancorp, Inc.



CONTACT:  Anthony J. Fabiano, Senior Vice President, Chief Financial

Officer and Corporate Secretary of Sound Federal Bancorp, Inc.,

[phone]



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

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