November 19, 2008

SE Financial Corp. (SEFL) announced today that its Board has declared a cash dividend of $.03 per share payable on or about December 16, 2008 to stockholders of record as of December 2, 2008.
The cash dividend is being paid to provide a return to stockholders after considering the equity and profitability of the Company and the Bank. It is the current intention of the Board of Directors to continue to pay such a dividend quarterly. However, the payment of future dividends will be subject to the Board's periodic review of the financial condition, earnings and capital requirements of the Company and the Bank.
SE Financial Corp. is the holding company for St. Edmond's Federal Savings Bank, a federally chartered stock savings institution with six Neighborhood Banking Offices serving South Philadelphia, Roxborough, Ardmore and Drexel Hill, Pennsylvania and Deptford and Washington Township in New Jersey. SE Financial Corp.'s common stock trades in the over-the-counter market under the symbol "SEFL."