Washington Savings Association Exults in Role as Cornerstone to Ownership Society... August 2005: Washington Savings Association, Philadelphia, Pennsylvania has been awarded BAUERFINANCIAL'S 5-star Superior rating for the 68th consecutive quarter. BAUERFINANCIAL, the nation's leading independant bank rating firm, recognizes Washington Savings Association's past and present superior strength and performance through this prestigious award. (The award is based on an anlysis of current financial data as supplied by federal regulators, supplemented by historical data.) Having earned this highest 5-Star rating consistently for at least the last ten years, Washington Savings Association has also earned the right to be called an Exceptional Performance Bank.

"Community banks like Washington Savings Association do not need to be reminded by the administration that we live in an ownership society," comments Karen Dorway, president of the research firm. "They are the cornerstone of that ownership. Without community bankers, like Mr. Martin Bednarek, CEO of Washington Savings Association,reaching out and lending to the families and small business in their area, most people would not have access to that ownership. Washington Savings Association and other community banks like it are an integral part of the foundation that makes America great."

Washington Savings Association has been serving the needs of its neighbors and friends in Philadelphia for 102 years. Established in 1903, it currently operates through five conveniently located offices in Philadelphia and can be found on the internet at www.washingtonsav.com.

Washington Savings Association: "Serving The Communtiy Since 1903."

BAUERFINANCIAL Inc., Coral Gables, Florida, is the nation's leading independent bank rating firm. It has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. Consumers may obtain free star-ratings by calling 800-388-6686 or visiting www.bauerfinancial.com.

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