April 9, 2007

FOR IMMEDIATE RELEASE FOR FURTHER INFORMATION

Bethlehem, Pa. Contact Joseph T. Svetik, President

610-691-2233

First Star Bancorp, Inc. reported net interest income for the three months ended March 31, 2007 of $2,146,000, representing a decrease of $7,000, or 0.33%, as compared to net interest income of $2,153,000 for the three months ended March 31, 2006. Net income for the three months ended March 31, 2007 was $570,000 an increase of $13,000, or 2.33%, as compared to net income of $557,000 for the three months ended March 31, 2006.

First Star Bancorp, Inc. reported net interest income for the nine months ended March 31, 2007 of $7,069,000, representing an increase of $331,000, or 4.91%, as compared to net interest income of $6,738,000 for the nine months ended March 31, 2006. Net income for the nine months ended March 31, 2007 was $2,630,000 an increase of $842,000, or 47.09%, as compared to net income of $1,788,000 for the nine months ended March 31, 2006. The increase is partly attributable to a recovery of a defaulted security. First Star Bancorp, Inc. had assets of $560.76 million at March 31, 2007.

The company also reported that it expects to contribute approximately $300,000 to its employee stock ownership plan trust during the fiscal year ending June 30, 2007. The employee stock ownership plan trust will purchase a corresponding amount of the stock of the company in open market transactions from time to time during the fiscal year and utilize such company contributions and/or borrowed funds to effect such stock purchases.

First Star Bancorp, Inc. is the holding company for First Star Savings Bank which serves the Lehigh Valley through it’s main office in Bethlehem and branch offices in Alburtis, Allentown, Bath, Nazareth, Palmer Township and Wind Gap. Deposits at First Star are insured up to the legal maximum (generally, $100,000 per depositor) by the Federal Deposit Insurance Corporation (FDIC).