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<TYPE>EX-99.1
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<FILENAME>bvfinancial8kmay21-09ex99.txt
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Contact:
-------
Edmund T. Leonard
Chairman of the Board and Chief Financial Officer
(410) 547-1088


                                  PRESS RELEASE

                               BV FINANCIAL, INC.
                             ANNOUNCES CASH DIVIDEND


         Baltimore, Maryland; May 21, 2009. The Board of Directors of BV
Financial, Inc. (the "Company") (OTCBB: BVFL) announced that it declared a cash
dividend on the Company's outstanding shares of common stock for the quarter
ended March 31, 2009. The dividend of $0.05 per share will be paid on or about
June 25, 2009 to stockholders of record as of the close of business on June 5,
2009.

         Bay-Vanguard, M.H.C., the Company's mutual holding company parent, will
waive receipt of the dividend.

         BV Financial, Inc. is the parent company of Bay-Vanguard Federal
Savings Bank. Bay-Vanguard Federal Savings Bank is headquartered in Baltimore,
Maryland with four other branches in the Baltimore metropolitan area. The Bank
is a full service community-oriented financial institution dedicated to serving
the financial service needs of consumers and businesses within its market area.


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