ASB Financial Corp. Announces Quarterly Dividend

Market Wire, September, 2004

The Board of Directors announced today that ASB Financial Corp. (NASDAQ: ASBP), the holding company for American Savings Bank, fsb, has declared the regular quarterly dividend of $.15 per share, payable on October 29, 2004 to shareholders on record as of October 15, 2004. This is the thirty-eighth consecutive quarterly dividend declared by ASB since the completion of the mutual to stock conversion of American Savings Bank in May 1995. The common shares of ASB are listed on the NASDAQ under the symbol ASBP.

Robert M. Smith, President & CEO ASB Financial Corp. PO Box 1583 503 Chillicothe Street Portsmouth, Ohio 45662 740.354.3177 phone 740.354.3170 fax rsmith@asbportsmouth.com