St. Edmond's Federal Savings Bank to Open New Neighborhood Branch Banking Office in Ardmore, PA

Business Wire, Sept 12, 2005

PHILADELPHIA -- SE Financial Corp. (OTCBB:SEFL) (the "Company"), the holding company for St. Edmond's Federal Savings Bank (the "Bank"), announced today that the Bank plans to open its newest Neighborhood Branch Banking Office in Ardmore, PA. Situated near the high-traffic intersection of Woodside Road & Lancaster Avenue, the Ardmore Neighborhood Branch Banking Office will serve the community's many businesses and residents and better position the Bank to serve its existing loan relationships in the area. A Grand Opening is planned for late 2005.

Pamela M. Cyr, President and Chief Executive Officer, stated, "St. Edmond's Federal Savings Bank has consistently offered competitive products and superior personal service since 1912. Because of those qualities we expect that St. Edmond's will quickly become a household name on the Main Line as the neighborhood branch bank of choice. Main Line residents and businesses put off by excessive fees and impersonal service from national banks can look forward to genuine and superior personal service and competitive market rates."

The introduction of our Ardmore location is an additional testament to the Bank's commitment to growth and expansion in high opportunity markets. The announcement of the planned Ardmore Branch represents the latest achievement of several key strategic initiatives for St. Edmond's Federal Savings Bank in recent months including significant deposit and loan growth, announcement of a 10% stock repurchase plan and the planned opening of its Roxborough Neighborhood Branch Banking Office also anticipated to open in late 2005.

SE Financial Corp. is the holding company for St. Edmond's Federal Savings Bank, a federally chartered stock savings institution with its main office in Philadelphia, Pennsylvania and a branch office in Sewell, New Jersey. SE Financial Corp. went public in May 2004 in connection with the mutual-to-stock conversion of the Bank. Its stock is traded on the OTC Bulletin Board under the symbol "SEFL."

Statements contained in this news release, which are not historical facts, contain forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risk and uncertainties, which could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, factors discussed in documents filed by the Company with the Securities and Exchange Commission from time to time. The Company does not undertake, and specifically disclaims, any obligation to publicly release the results of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.