Exhibit 99.1


FIRST                                                    22 West State Street
KEYSTONE                                                 Media, PA 19063
FINANCIAL, INC.                                          610-565-6210

FOR IMMEDIATE RELEASE



                 FIRST KEYSTONE FINANCIAL ANNOUNCES RESULTS
                              OF ANNUAL MEETING


     Media, PA  February 9, 2007 - First Keystone Financial, Inc. (NASDAQ: FKFS)
(the "Company"), the holding company for First Keystone Bank, today announced
the results of the voting on the two proposals presented to shareholders at its
annual meeting.  The Board of Directors nominees for re-election, Donald S.
Guthrie, Edmund Jones and Jerry A. Naessens, have been elected by shareholders.
Shareholders also ratified the appointment of Deloitte & Touche, LLP as the
Company's independent public accounting firm.

     "I am very gratified by the support and confidence shown by our
shareholders in voting in favor of our nominees," said Donald S. Guthrie,
Chairman of the Board of the Company.

     First Keystone Bank, the Company's wholly owned subsidiary, serves its
customers from eight full-service offices located in Delaware and Chester
Counties.

     Certain information in this release may constitute forward-looking
statements as that term is defined in the Private Securities Litigation Act of
1995.  Such forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from those estimated due
to a number of factors.  Persons are cautioned that such forward-looking
statements are not guarantees of future performance and are subject to various
factors, which could cause actual results to differ materially from those
estimated.  These factors include, but are not limited to, changes in general
economic and market conditions and the development of an interest rate
environment that adversely affects the interest rate spread or other income
from the Company's and the Bank's investments and operations.  The Company
does not undertake and specifically disclaims any obligation to publicly
release the result of any revisions which may be made to any forward-looking
statements to reflect the occurrence of anticipated or unanticipated events
or circumstances after the date of such statements.

CONTACT:  Thomas M. Kelly, President and Chief Executive Officer
          Rose M. DiMarco, Chief Financial Officer
          (610) 565-6210