DCB Financial Corp. Announces Reduced Fourth Quarter Earnings (Unaudited)

    DELAWARE, Ohio, Dec. 12 /PRNewswire/ --  DCB Financial Corp. (OTC: DCBF)
 announced today that it expects earnings for the quarter ending December 31,
 2001 to approximate $600,000, and earnings for the year ending December 31,
 2001 to approximate $4,400,000.  This represents a decrease of 43.1% compared
 to the fourth quarter of 2000, and a decrease of 4.8% compared to the year
 ended December 31, 2000.
     The anticipated reduction in earnings for the quarter stems from
 additional noninterest expenses of approximately $1,200,000 in the fourth
 quarter, primarily representing noncash accounting charges for changed
 estimates in the valuation of certain prepaid expenses and other assets, and
 the disposition of fixed assets.
     Before these charges, the Company's earnings for the fourth quarter would
 have approximated $1,400,000, with record earnings for the year of
 approximately $5,200,000, an increase of 32.7% over the fourth quarter of 2000
 and 12.4% over the year ended December 31, 2000.
     Larry D. Coburn, President and Chief Executive Officer, explained, "After
 thoroughly reviewing certain fixed and other asset accounts, we are taking a
 conservative approach to accurately reflect the remaining value of these asset
 amounts on the balance sheet. We have a high level of confidence in the
 strength of our financial reporting, and we are excited about the prospects
 for the Company in 2002."
 
     About DCB Financial Corp.
     DCB Financial Corp. operates as holding company for The Delaware County
 Bank & Trust, a $500 million full service community bank that operates 16
 banking centers in Delaware, Franklin and Union counties, Ohio.
 
     Forward-Looking Statements
     This news release may be deemed to include forward-looking statements such
 as statements relating to financial goals and business outlook.  Actual
 results could differ materially from those indicated by these statements due
 to a variety of factors, including those related to the economic environment
 in the market areas in which the Company operates, credit risk management,
 asset/liability management and the availability of and costs associated with
 sources of liquidity.
 
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SOURCE DCB Financial Corp.

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