First State Financial Corporation Announces Dividend


SARASOTA, Fla., March 21, 2008 (PRIME NEWSWIRE) -- First State Financial Corporation (Nasdaq:FSTF), a bank holding company based in Sarasota, Florida, announced today a quarterly dividend of 8 cents per share of outstanding stock. The dividend is payable on March 31, 2008 for shareholders of record on March 21, 2008.

First State Financial Corporation is the holding company for First State Bank and is headquartered in Sarasota, Florida. First State Bank currently operates seven offices, three in Sarasota County and four in Pinellas County.

Further information regarding First State Financial Corporation and First State Bank may be obtained by contacting Mr. John E. "Jed" Wilkinson, President and CEO or Mr. Dennis Grinsteiner, Executive Vice President, CFO, 22 South Links Avenue, Suite 100, Sarasota, Florida 34236. Telephone 941-292-9000. Email: jwilkinson@firststatefl.com or dgrinsteiner@firststatefl.com.

The information provided herein may contain forward-looking statements. Statements that are not historical facts, including statements about First State Bank's beliefs and expectations, are forward looking statements. These statements are based on beliefs and assumptions by First State Bank's management, and on information currently available to such management. The forward-looking statements are intended to be subject to the safe harbor protection provided by Section 27A of the Securities Act of 1933 and Section 21E of the Security Exchange Act of 1934. Forward-looking statements include statements preceded by, followed by or that include the words "intends," "believes," "expects," "anticipates," " plans," " estimates," or similar expressions or future conditional verbs such as "will," "should," "would," and "could." Forward-looking statements peak only as of the date they are made and First State Bank undertakes no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks and uncertainties. Management cautions that a number of important factors could cause actual results to differ materially.


            

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