ESSA Bancorp, Inc. Adding Two Directors to Expanded Board

STROUDSBURG, PA--(Marketwired - Jul 28, 2014) - ESSA Bancorp, Inc. (NASDAQ: ESSA), the holding company for ESSA Bank & Trust (the "Bank"), a $1.56 billion asset financial institution providing full service retail and commercial banking, financial and investment services, today announced the appointment of Timothy S. Fallon and Philip H. Hosbach, IV to its board of directors, increasing the size of the board to 12 directors. Fallon and Hosbach were also appointed to the Bank's board of directors.

Fallon is the Chief Executive Officer of PBS39, a community-owned public television station and media provider serving the Lehigh Valley and other markets in eastern Pennsylvania and western New Jersey, and Executive Director of the PBS39 Foundation. Hosbach is Vice President, New Products and Immunization Policy, for Sanofi Pasteur, Inc., the Swiftwater, Pennsylvania-based vaccines division of Sanofi, a multi-billion dollar global healthcare company.

Gary S. Olson, President and CEO of ESSA Bancorp, stated: "We are pleased to welcome two individuals with a wealth of experience in corporate leadership and diverse backgrounds as directors of corporations and philanthropic organizations. Both are longtime Eastern Pennsylvania residents and are familiar with the markets ESSA serves, which will provide additional knowledge and insight to us."

Fallon previously served as Project Director for PBS39 at SteelStacks, the $17 million state-of-the-art public media and education center built on the grounds of the former Bethlehem Steel Corporation, responsible for financing, construction and philanthropic support. The transformation of the Bethlehem Steel site has received national recognition. His prior corporate experience includes serving as Chief Executive Officer of a wine accessories business based in Allentown, Pennsylvania and as Chief Financial Officer of a privately owned chain of 200 beauty salons.

He is a founding director of Revere Bank of Laurel, Maryland, and a Managing Member of the Conserere Family of Funds. He was a founding director of Team Capital Bank, serving Pennsylvania and New Jersey markets prior to its sale to Provident Bank of New Jersey in 2014, and previously served as a director of Lafayette Ambassador Bank, based in Bethlehem, Pennsylvania. He is a member of the Executive Committee of the Minsi Trails Council, Boy Scouts of America. Fallon received a BA in Political Science and Masters of Administrative Science from The Johns Hopkins University.