Cheviot Financial Corp. Receives Shareholder and Member Approval of Plan of Conversion

Cheviot Financial Corp.

announced today that its shareholders and the members of Cheviot Mutual Holding Company (depositors of Cheviot Savings Bank) have approved the Plan of Conversion and Reorganization providing for the second-step conversion of Cheviot Mutual Holding Company and the related stock offering. In addition, as previously announced, Cheviot Financial Corp., a Maryland corporation, expects to commence a syndicated community offering in early January to sell shares of common stock not subscribed for in the subscription offering or the community offering. Stifel, Nicolaus & Company, Incorporated is acting as sole book-running manager for the syndicated community offering. The syndicated community offering will be conducted on a best efforts basis and none of the members of the syndicate group are required to purchase any shares in the offering.