David M. Kepler, the President of Greenville Federal Financial Corporation (“GFFC”), the
proposed stock holding company for Greenville Federal Savings and Loan Association (the “Bank”),
today announced that the community offering portion of GFFC’s initial public stock offering has
concluded. The subscription offering, which was open only to eligible depositors and certain
borrowers of the Bank, was concluded on December 13, 2005.
The stock offering was conducted pursuant to the Bank’s Plan of Reorganization and Stock
Issuance Plan, as amended (the “Plan”), and the other terms and conditions outlined in GFFC’s
prospectus dated November 10, 2005. The Plan was approved by the Bank’s members at a meeting held
on December 19, 2005. Completion of the mutual holding company reorganization and related stock
offering remain subject to certain conditions, including receipt of final regulatory approvals.
This is neither an offer to sell nor a solicitation of an offer to buy the common stock. The offering is
made only by the prospectus of Greenville Federal Financial Corporation.