Press Release
Approval of the Application by MSB Mutual Holding Company, and its Subsidiary, MSB Financial, Inc
July 18, 1997

NEW YORK—The Federal Reserve Bank of New York Friday approved the application by MSB Mutual Holding Company, and its subsidiary, MSB Financial, Inc., both of Wall Township, N.J., to become bank holding companies by acquiring 100 percent of the common stock of Manasquan Savings Bank, Wall Township, N.J., a mutual savings bank that will convert to a stock form savings bank.

According to standard procedure, the proposal cannot be completed for 15 days.

The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.