Standard Financial Corp. (OTCQX: STND) the parent holding company for Standard Bank, PaSB and Allegheny Valley Bancorp, Inc. (OTCQX: AVLY), the parent holding company for Allegheny Valley Bank of Pittsburgh, jointly announced today that shareholders of Standard Financial and Allegheny Valley Bancorp have approved the previously announced partnership of their financial institutions. As previously disclosed, all requisite regulatory approvals have been received by the parties. The mergers of Allegheny Valley Bancorp into Standard Financial and Allegheny Valley Bank into Standard Bank are expected to be completed on April 7, 2017, subject to the satisfaction of customary closing conditions.

About Standard Financial Corp. and Standard Bank

Standard Financial Corp., with total assets of $488 million at December 31, 2016, is the parent company of Standard Bank, a Pennsylvania chartered savings bank which operates nine offices serving individuals and small to mid-sized businesses in Allegheny, Westmoreland and Bedford Counties, in Pennsylvania and Allegany County in Maryland. Standard Financial Corp. is traded on the OTCQX Exchange by OTC Markets Group under the symbol STND. Standard Bank is a member of the FDIC and an Equal Housing Lender. For more information about the company, please refer to its Web address, https://www.standardbankpa.com/

About Allegheny Valley Bancorp, Inc. and Allegheny Valley Bank of Pittsburgh

Allegheny Valley Bancorp, Inc., with total assets of $439 million at December 31, 2016, is the parent company of Allegheny Valley Bank of Pittsburgh, a Pennsylvania chartered bank which operates nine offices serving individuals and small to mid-sized businesses in Allegheny County, Pennsylvania. Allegheny Valley Bancorp, Inc. is traded on the OTCQX Exchange, operated by OTC Markets Group, under the symbol AVLY. For more information about the company, please refer to its Web address, www.avbpgh.com