Advance Financial Bancorp Sample Contracts

Advance Financial Bancorp – Advance Financial Bancorp Advance Financial Bancorp Subject: Annual Meeting of Stockholders 1015 Commerce Street Wellsburg, West Virginia 26070 Contact: Stephen M. Gagliardi www.advancefinancial.com President (304) 737-3531 Date: December 15, 2004 ADVANCE FINANCIAL BANCORP STOCKHOLDERS APPROVE MERGER WITH PARKVALE FINANCIAL FOR IMMEDIATE RELEASE --------------------- Wellsburg, West Virginia (Nasdaq SmallCap Market "AFBC") -- Advance Financial Bancorp (the "Company"), the parent holding company of Advance Financial Savings Bank, Wellsburg, West Virginia (the "Bank"), announced that its 2004 An (December 15th, 2004)
Advance Financial Bancorp – PRESS RELEASE ADVANCE FINANCIAL BANCORP ANNOUNCES FIRST QUARTER 2005 EARNINGS FOR IMMEDIATE RELEASE Contact: Stephen M. Gagliardi, President and CEO Telephone 304-737-3531 Wellsburg, WV (October 26, 2004) - Advance Financial Bancorp (Nasdaq SmallCap Market: AFBC) the parent holding company of Advance Financial Savings Bank, today announced earnings for the first quarter ended September 30, 2004. Income for the three-month period ended September 30, 2004 decreased $124,000 to $530,000 or $.38 per diluted share compared to $654,000 or $.48 per diluted share, for the comparable period ended 2003. (October 27th, 2004)
Advance Financial Bancorp – ADVANCE FINANCIAL BANCORP ADVANCE FINANCIAL SAVINGS BANK EMPLOYEE MEETING RE: TO ANNOUNCE MERGER The reason for this email is to provide this very important information to all of you at the same time. An officer will arrive shortly to answer any questions you may have. I would like to briefly explain the proposed merger of Advance Financial Bancorp and Advance Financial Savings Bank with Parkvale Financial Corporation of Monroeville, Pennsylvania and Parkvale Savings Bank that is being announced today. Such merger will be voted on by the Advance stockholders at a meeting of shareholders to be (September 2nd, 2004)
Advance Financial Bancorp – FOR IMMEDIATE RELEASE September 1, 2004 Contact: Parkvale Financial Corporation Robert J. McCarthy, Jr. President and CEO or Timothy G. Rubritz, CFO 412/373-7200 Advance Financial Bancorp Stephen M. Gagliardi, Chairman, President and CEO 304/737-3531 Parkvale Financial Corporation and Advance Financial Bancorp Announce Plans to Merge Monroeville, PA and Wellsburg, WV, September 1, 2004 -- Parkvale Financial Corporation (Nasdaq: PVSA) ("Parkvale") and Advance Financial Bancorp (Nasdaq: AFBC), ("Advance") announced today the signing of a definitive merger agreement for Parkvale to acquire Advanc (September 2nd, 2004)
Advance Financial Bancorp – PRESS RELEASE ADVANCE FINANCIAL BANCORP ANNOUNCES FOURTH QUARTER 2004 EARNINGS FOR IMMEDIATE RELEASE Contact: Stephen M. Gagliardi, President and CEO Telephone 304-737-3531 Wellsburg, WV (July 27, 2004) - Advance Financial Bancorp (Nasdaq SmallCap Market: AFBC) the parent holding company of Advance Financial Savings Bank, today announced earnings for the fourth quarter ended June 30, 2004. Income for the three-month period ended June 30, 2004 decreased to $486,000 or $.35 diluted earnings per share compared to $626,000 or $.47 diluted earnings per share, for the comparable 2003 period. For the (July 28th, 2004)

---------------------------------------------------------------------------------------------------------------- INCOME STATEMENT ---------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------- YEAR ENDED THREE MONTHS ENDED JUNE 30 JUNE 30 2004 2003 2004 2003 ----------------------------------------------------------------------- (Dollars in thousands, (Dollars in thousands,

Advance Financial Bancorp – EMPLOYMENT AGREEMENT As Amended and Restated THIS AGREEMENT entered into this 17th day of March, 2004 ("Effective Date"), by and between Advance Financial Savings Bank, (the "Savings Bank") and Stephen M. Gagliardi (the "Employee"). WHEREAS, the Employee has heretofore been employed by the Savings Bank as President and Chief Executive Officer and is experienced in certain phases of the business of the Savings Bank; and WHEREAS, the parties desire by this writing to set forth the continuing employment relationship of the Savings Bank and the Employee. NOW, THEREFORE, it is AGREED as follows: 1. (May 13th, 2004)
Advance Financial Bancorp – PRESS RELEASE ADVANCE FINANCIAL BANCORP ANNOUNCES THIRD QUARTER 2004 EARNINGS FOR IMMEDIATE RELEASE Contact: Stephen M. Gagliardi, President and CEO Telephone 304-737-3531 Wellsburg, WV (April 22, 2004 - Advance Financial Bancorp (Nasdaq SmallCap Market: AFBC) the parent holding company of Advance Financial Savings Bank, today announced earnings for the third quarter ended March 31, 2004. Income for the three-month period ending March 31, 2004 increased to $518,000 from $371,000 for the same period ending 2003. Income for the nine-month period ending March 31, 2004 increased to $2,006,000 from (April 22nd, 2004)

------------------------------------------------------------------------------------------ RATIOS ------------------------------------------------------------------------------------------ -------------------------------------------------- NINE MONTHS ENDED THREE MONTHS ENDED MARCH 31 MARCH 31 2004 2003 2004 2003 ------------------------------------------------------------------------------------------ Return on Average Assets 0.83% 0.69% 0.64% 0.53% ------------------------------------------------------------------------------------------ Return on Average Equity

Advance Financial Bancorp – PRESS RELEASE ADVANCE FINACIAL BANCORP ANNOUNCES SECOND QUARTER 2004 EARNINGS FOR IMMEDIATE RELEASE Contact: Stephen M. Gagliardi, President and CEO Telephone 304-737-3531 Wellsburg, WV (January 23, 2003 - Advance Financial Bancorp (Nasdaq SmallCap Market: AFBC) the parent holding company of Advance Financial Savings Bank, today announced earnings for the second quarter ended December 31, 2003. Income for the three-month period ending December 31, 2003 increased to $833,000 from $362,000 for the same period ending 2002. Income for the six-month period ending December 31, 2003 increased to $1,4 (January 26th, 2004)

------------------------------------------------------------------------------------------------------------------------- INCOME STATEMENT ------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------- SIX MONTHS ENDED THREE MONTHS ENDED DECEMBER 31 DECEMBER 31 2003 2002 2003 2002 --------------------------------------------------------------------------

Advance Financial Bancorp – PRESS RELEASE ADVANCE FINACIAL BANCORP ANNOUNCES FIRST QUARTER 2004 EARNINGS FOR IMMEDIATE RELEASE Contact: Stephen M. Gagliardi, President and CEO Telephone 304-737-3531 Wellsburg, WV (October 28, 2003 - Advance Financial Bancorp (Nasdaq SmallCap Market: AFBC) the parent holding company of Advance Financial Savings Bank, today reported net income for the quarter ended September 30, 2003 of $654,000 or $ .72 per diluted share comparable to $525,000 or $ .59 per diluted share, reported for the quarter ended September 30, 2002. Total assets increased $5.1 million to $327 million at September 30, (October 28th, 2003)
Advance Financial Bancorp – PRESS RELEASE ADVANCE FINACIAL BANCORP ANNOUNCES FOURTH QUARTER 2003 EARNINGS FOR IMMEDIATE RELEASE Contact: Stephen M. Gagliardi, President and CEO Telephone 304-737-3531 Wellsburg, WV (July 24, 2003 - Advance Financial Bancorp (Nasdaq SmallCap Market: AFBC) the parent holding company of Advance Financial Savings Bank, today announced earnings for the fourth quarter ended June 30, 2003. Income for the three-month period ended June 30, 2003 increased to $626,000 or $ .70 diluted earnings per share compared to $516,000 or $ .58 diluted earnings per share, for the comparable 2002 period. For the (July 25th, 2003)

-------------------------------------------------------------------------------------------------- INCOME STATEMENT -------------------------------------------------------------------------------------------------- ---------------------------------------------------------- YEAR ENDED THREE MONTHS ENDED JUNE 30 JUNE 30 2003 2002 2003 2002 ---------------------------------------------------------- (Dollars in thousands) (Dollars in thousands) -------------------------------------------------------------------------------------------------

Advance Financial Bancorp – PRESS RELEASE ADVANCE FINACIAL BANCORP ANNOUNCES THIRD QUARTER 2003 EARNINGS FOR IMMEDIATE RELEASE Contact: Stephen M. Gagliardi, President and CEO Telephone: 304-737-3531 Wellsburg, WV (April 25, 2003 - Advance Financial Bancorp (Nasdaq SmallCap Market: AFBC) the parent holding company of Advance Financial Savings Bank, today announced earnings for the third quarter ended March 31, 2003. Income for the three-month period ending March 31, 2003 decreased to $371,000 from $430,000 for the same period ending 2002. For the nine month period ending March 31, 2003, the company reported income of $1, (April 28th, 2003)

NINE MONTHS ENDED THREE MONTHS ENDED MARCH 31 MARCH 31 --------------------- --------------------- 2003 2002 2003 2002 --------------------- --------------------- (Dollars in thousands) (Dollars in thousands) Total interest income $10,871 $10,159 $ 3,872 $ 3,387 Total interest expense 5,309 5,433 1,959 1,731 Net interest income 5,562 4,726 1,913 1,656 Provision for loan losses 276 204

Advance Financial Bancorp – February 10, 2003 Advance Financial Bancorp Stephen M. Gagliardi (304) 737-3531 IMMEDIATE RELEASE ----------------- ADVANCE FINANCIAL BANCORP COMPLETES PURCHASE OF TWO STEUBENVILLE, OHIO BRANCHES FROM SECOND NATIONAL BANK OF WARREN February 10, 2003 - Advance Financial Bancorp (NASDAQ Small Cap Market - "AFBC") announced today that its bank subsidiary, Advance Financial Savings Bank, has completed the previously announced acquisition of two branch banking offices of Second National Bank of Warren, a subsidiary of Second Bancorp Incorporated (NASDAQ National Market - "SECD"). The purchased offi (February 11th, 2003)
Advance Financial Bancorp – September 10, 2001 Advance Financial Bancorp Stephen M. Gagliardi (304) 737-3531 IMMEDIATE RELEASE ----------------- ADVANCE FINANCIAL BANCORP COMPLETES ACQUISITION OF OHIO STATE FINANCIAL SERVICES, INC. September 10, 2001: Advance Financial Bancorp (NASDAQ Small Cap market -- "AFBC"), Wellsburg, West Virginia announced that it has completed its acquisition of Ohio State Financial Services, Inc. ("OTC BB -- "OSFS"), Bridgeport, Ohio. Advance Financial Bancorp ("Advance Financial") is a unitary thrift holding company that owns all of the stock of Advance Financial Savings Bank, and Ohio State F (September 12th, 2001)
Advance Financial Bancorp – 1998 STOCK OPTION PLAN (March 19th, 1999)
Advance Financial Bancorp – FORM OF STOCK OPTION AGREEMENT (March 19th, 1999)
Advance Financial Bancorp – FORM OF STOCK OPTION AGREEMENT TO BE (March 19th, 1999)
Advance Financial Bancorp – FORM OF STOCK AWARD TAX NOTICE (March 19th, 1999)
Advance Financial Bancorp – EMPLOYMENT AGREEMENT (September 23rd, 1997)
Advance Financial Bancorp – PRESS RELEASE (July 18th, 1997)
Advance Financial Bancorp – RIGHTS AGREEMENT (July 18th, 1997)
Advance Financial Bancorp – AGENCY AGREEMENT (October 31st, 1996)