PVF Capital Corp. Renews Stock Repurchase Program

Apr 17, 2001, 01:00 ET from PVF Capital Corp.

    SOLON, Ohio, April 17 /PRNewswire/ -- PVF Capital Corp. (Nasdaq:   PVFC)
 announced the renewal of its stock repurchase program to acquire up to 5%, or
 approximately 241,444 shares, of the Company's total outstanding common stock.
 Through March 31, 2001, PVF Capital Corp. has repurchased 105,797 shares of
 the Company's common stock.
     C. Keith Swaney, President, stated that the Board of Directors has
 authorized the renewal of the repurchase program, which is expected to be
 completed within 12 months.  Mr. Swaney explained that the Board of Directors
 considers the Company's common stock to be an attractive investment and that
 the repurchase of the outstanding common stock will increase the Company's per
 share earnings and return on equity.  According to Mr. Swaney, the repurchases
 generally would be effected through open market purchases, although he did not
 rule out the possibility of unsolicited negotiated transactions or other types
 of repurchases.
     This press release contains statements that are forward-looking, as that
 term is defined by the Private Securities Litigation Act of 1995 or the
 Securities and Exchange Commission in its rules, regulations, and releases.
 The Company intends that such forward-looking statement be subject to the safe
 harbors created thereby.  All forward-looking statements are based on current
 expectation regarding important risk factors including, but not limited to,
 real estate values and the impact of interest rates on financing.
 Accordingly, actual results may differ from those expressed in the forward-
 looking statements, and the making of such statement should not be regarded as
 a representation by the Company or any other person that results expressed
 therein will be achieved.
     PVF Capital Corp.'s common stock trades on the Nasdaq Small-Cap market
 under the symbol PVFC.
 
 

SOURCE PVF Capital Corp.
    SOLON, Ohio, April 17 /PRNewswire/ -- PVF Capital Corp. (Nasdaq:   PVFC)
 announced the renewal of its stock repurchase program to acquire up to 5%, or
 approximately 241,444 shares, of the Company's total outstanding common stock.
 Through March 31, 2001, PVF Capital Corp. has repurchased 105,797 shares of
 the Company's common stock.
     C. Keith Swaney, President, stated that the Board of Directors has
 authorized the renewal of the repurchase program, which is expected to be
 completed within 12 months.  Mr. Swaney explained that the Board of Directors
 considers the Company's common stock to be an attractive investment and that
 the repurchase of the outstanding common stock will increase the Company's per
 share earnings and return on equity.  According to Mr. Swaney, the repurchases
 generally would be effected through open market purchases, although he did not
 rule out the possibility of unsolicited negotiated transactions or other types
 of repurchases.
     This press release contains statements that are forward-looking, as that
 term is defined by the Private Securities Litigation Act of 1995 or the
 Securities and Exchange Commission in its rules, regulations, and releases.
 The Company intends that such forward-looking statement be subject to the safe
 harbors created thereby.  All forward-looking statements are based on current
 expectation regarding important risk factors including, but not limited to,
 real estate values and the impact of interest rates on financing.
 Accordingly, actual results may differ from those expressed in the forward-
 looking statements, and the making of such statement should not be regarded as
 a representation by the Company or any other person that results expressed
 therein will be achieved.
     PVF Capital Corp.'s common stock trades on the Nasdaq Small-Cap market
 under the symbol PVFC.
 
 SOURCE  PVF Capital Corp.