Exhibit 99.1

FOR IMMEDIATE RELEASE		FOR FURTHER INFORMATION
January 26, 2011		Brendan J. McGill
		Executive Vice President, COO/CFO
		215-256-8828

Harleysville Savings Financial Corporation Announces Declaration of Regular Cash Dividend and Earnings for the First Fiscal Quarter 2011

Harleysville, PA, January 26, 2011 — Harleysville Savings Financial

Corporation (NASDAQ:HARL) reported today that the Company’s Board of Directors declared a regular quarterly cash dividend of $.19 per share on the Company’s common stock. This is the 94th consecutive quarter that the Company has paid a cash dividend to its stockholders. The cash dividend will be payable on February 23, 2011 to stockholders of record on February 9, 2011.

Net income for the quarter ended December 31, 2010 was $1,216,000 or $.33 per diluted share compared to $1,214,000 or $.33 per diluted share for the same quarter last year.

Ron Geib, President and Chief Executive Officer of the Company, commented “We continue to be pleased with our financial results despite the current economic conditions our country is continuing to encounter. We are also pleased with the growth that we have seen in our transactional deposit accounts and our commercial loan balances. We believe the current level of our allowance for credit losses is adequate and we continue to maintain a strong capital position in excess of the well-capitalized regulatory guidelines.”

The Company’s assets totaled $856.7 million compared to $839.9 million a year ago and stockholders’ tangible book value increased to $14.63 per share from $13.96 a year ago.

Harleysville Savings Financial Corporation is the holding company for Harleysville Savings Bank. Established in 1915, Harleysville Savings Bank is a Pennsylvania chartered and federally insured savings bank. Headquartered in Harleysville, PA. The Bank operates from six full-service offices located in Montgomery County and one office located in Bucks County, Pennsylvania.

This presentation may contain forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995). Actual results may differ materially from the results discussed in these forward-looking statements. Factors that might cause such a difference include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, loan demand, real estate values and competition; changes in accounting principles, policies, or guidelines; changes in legislation or regulation; and other economic; competitive, governmental, regulatory, and technological factors affecting the Company’s operations, pricing, products and services.

Harleysville Savings Financial Corporation
Selected Consolidated Financial Data as of December 31, 2010
(Dollars in thousands except per share data)
(Unaudited)

		Three Months Ended
		Dec 31,				Sept 30,				June 30,				Mar 31,				Dec 31,
Selected Consolidated Earnings Data		2010				2010				2010				2010				2009
Total interest income		$	9,430			$	9,867			$	9,951			$	9,944			$	10,256
Total interest expense			4,975				5,163				5,290				5,425				5,869
Net Interest Income			4,455				4,704				4,661				4,519				4,387
Provision for loan losses			150				150				150				150				150
Net Interest Income after Provision for Loan Losses			4,305				4,554				4,511				4,369				4,237
Other income			501				519				508				458				502
FDIC insurance premiums			226				224				229				226				227
Total other expenses			2,935				2,973				2,976				3,004				2,843
Income before Income Taxes			1,645				1,876				1,814				1,597				1,669
Income tax expense			429				556				500				437				455
Net Income		$	1,216			$	1,320			$	1,314			$	1,160			$	1,214
Per Common Share Data
Basic earnings		$	0.33			$	0.36			$	0.36			$	0.32			$	0.33
Diluted earnings		$	0.33			$	0.35			$	0.36			$	0.32			$	0.33
Dividends		$	0.19			$	0.19			$	0.19			$	0.19			$	0.19
Tangible book value		$	14.63			$	14.47			$	14.30			$	14.12			$	13.96
Shares outstanding			3,704,940				3,687,409				3,670,083				3,660,892				3,645,288
Average shares outstanding — basic			3,693,373				3,678,492				3,665,786				3,654,047				3,633,347
Average shares outstanding — diluted			3,731,203				3,722,324				3,698,977				3,670,280				3,646,284

		Three Months Ended
		Dec 31,				Sept 30,				June 30,				Mar 31,				Dec 31,
Other Selected Consolidated Data		2010				2010				2010				2010				2009
Return on average assets			0.57	%			0.61	%			0.61	%			0.55	%			0.58	%
Return on average equity			9.08	%			10.01	%			10.12	%			9.08	%			9.65	%
Net interest income rate spread			1.98	%			2.07	%			2.07	%			2.05	%			1.97	%
Net yield on interest earning assets			2.14	%			2.24	%			2.24	%			2.22	%			2.15	%
Operating expenses to average assets			1.48	%			1.48	%			1.50	%			1.54	%			1.47	%
Efficiency ratio			63.78	%			61.22	%			62.00	%			64.89	%			62.79	%
Ratio of non-performing assets to total assets at end of period			0.39	%			0.30	%			0.28	%			0.23	%			0.27	%
Loan loss reserve to total loans, net			0.51	%			0.48	%			0.47	%			0.45	%			0.43	%
Stockholders’ equity to assets			6.33	%			6.22	%			6.05	%			6.13	%			6.06	%

		Dec 31,				Sept 30,				June 30,				Mar 31,				Dec 31,
Selected Consolidated Financial Data		2010				2010				2010				2010				2009
Total assets		$	856,681			$	857,140			$	867,109			$	843,074			$	839,894
Consumer Loans receivable — net			419,567				430,303				440,266				437,122				440,287
Commercial Loans			85,220				79,791				75,543				74,373				63,433
Loan loss reserve			2,639				2,504				2,437				2,330				2,194
Cash & investment securities			176,274				166,063				157,904				134,884				132,212
Mortgage-backed securities			127,188				131,628				144,211				145,358				154,293
FHLB stock			15,291				16,096				16,096				16,096				16,096
Checking accounts			80,426				70,912				74,029				68,181				65,413
Savings account			134,671				139,818				136,114				114,875				95,213
Certificate of deposit accounts			316,550				317,370				312,627				308,519				325,715
Total Deposits			531,647				528,100				522,770				491,575				486,341
Advances			265,347				272,047				283,730				290,398				297,141
Total stockholders’ equity			54,205				53,351				52,488				51,680				50,904