Press Release  |  August 31, 2005

CSB Bancorp Granted Financial Holding Company Status

Millersburg, OH – (Business Wire) – August 31, 2005 - CSB Bancorp, Inc., (CSBB.OB) Millersburg, OH, the parent company of The Commercial & Savings Bank was granted authority to change its holding company status from the current Bank Holding Company to a more expansive authority of Financial Holding Company. This change was the result of a filing with the Federal Reserve Bank and their subsequent approval.

President & Chief Executive Officer John J. Limbert commented, “We are appreciative of the regulatory agency approval of our application. In order to qualify for this status we must meet a variety of stringent legal and regulatory requirements, including ‘well capitalized’ levels and ‘well managed’ criteria. Additionally we are required to maintain a Community Reinvestment Act rating of Satisfactory or higher. Having the agencies acknowledge these achievements is most gratifying.”

Limbert continued, “With this new authority we are able to consider acquisitions and expansions into financial service companies, which include expanded insurance and securities activities. While we currently have no immediate plans, other financial holding company organizations have acquired title companies, insurance agencies, mortgage banking companies, created wholly-owned trust companies, underwritten mutual funds and bond financing, and created and managed service companies that offer consulting or out-source services to other banks.”

Limbert concluded, “We have assembled a talented and experienced management group, are blessed with a very good staff and maintain a very high capital to assets ratio. We owe it to our shareholders to explore prudent growth opportunities that increase the return on their investment. We believe that this new operating authority will provide us the vehicle to explore many additional financial industry opportunities.”

CSB Bancorp is the parent company of The Commercial & Savings Bank, an Ohio banking corporation chartered in 1879. The Bank serves consumers and businesses through nine banking centers in Holmes, Tuscarawas, and Wayne counties. CSB can be found on the web at

NEWS EDITOR: For further information, please contact John J. Limbert, President and Chief Executive Officer or Paula J. Meiler, Senior Vice President and Chief Financial Officer of CSB Bancorp, Inc. at 330-674-9015 or 800-654-9015.

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