Mid-Southern Savings Bank, FSB Announces Record Earnings and Dividend Increase

The Board of Directors of Mid-Southern Savings Bank,
FSB, "Mid-Southern" (OTCBB:MSVB), has declared an increased quarterly
dividend in the amount of 13.125 cents per share of common stock for
the quarter ending March 31, 2006, payable April 4, 2006, to
shareholders of record as of March 10, 2006. President & CEO Steve
Walls announced this is a continuation of consecutive quarterly
dividend payments and the first increase since Mid-Southern converted
to stock form and reorganized into the mutual holding company
structure effective April 8, 1998. Walls also stated Mid-Southern's
2005 earnings exceeded $1.2 million, a 34% increase over 2004.
Mid-Southern's September 30, 2005 financial results are available on
its internet web page, "www.mid-southern.com" and complete 2005
financial information will be available within the next few weeks..
   Mid-Southern, M.H.C., the mutual holding company for Mid-Southern,
has received approval from the Office of Thrift Supervision to waive
receipt of the dividend, and it intends to do so.
   Mid-Southern, a federally chartered savings bank headquartered in
Salem, Indiana, with a branch in nearby Orleans, Indiana, Mid-Southern
has served the financial needs of the residents of Washington County,
Indiana and the contiguous counties since 1886.