BEL AIR, Md., June 30 /PRNewswire-FirstCall/ -- SFSB, INC. (OTC:SFBI) (BULLETIN BOARD: SFBI) today announced that on June 16, 2008, the Company entered into a Rule 10b5-1 repurchase plan with Sandler O'Neill & Partners, L.P. under which Sandler O'Neill is authorized to repurchase up to 59,033 shares on behalf of the Company as part of the Company's previously announced stock repurchase plan. Under the agreement, purchases by Sandler O'Neill will begin on July 1, 2008 and will continue until the earlier of the date that all 59,033 shares have been purchased or June 30, 2009. The Rule 10b5-1 repurchase plan allows the Company to repurchase its shares during periods when it would normally not be active in the market due to its internal trading blackout period. SFSB, Inc., headquartered in Bel Air, Maryland is the holding company of Slavie Federal Savings Bank. The bank is a 108 year old federally chartered, FDIC-insured thrift serving the Baltimore Metropolitan area and surrounding counties in Maryland. The bank offers a wide variety of financial services and products throughout its market area. The bank maintains a website at http://www.slavie.com/. DATASOURCE: SFSB, Inc. CONTACT: Charles E. Wagner, Jr., Executive Vice President, Chief Lending Officer and Corporate Secretary, +1-443-265-5570, Web site: http://www.slavie.com/

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