Exhibit 99.1

CSB BANCORP, INC. REPORTS FOURTH QUARTER AND FULL YEAR EARNINGS

Fourth Quarter and Full Year Highlights

	Quarter Ended			Full Year Ended
	December 31, 2008			December 31, 2008
Diluted earnings per share	$	.29		$	1.43
Net Income	$	767,000		$	3,537,000
Return on average common equity		7.40	%		9.23	%
Return on average assets		0.76	%		0.99	%

Millersburg, Ohio – January 30, 2009 – CSB Bancorp, Inc. (OTCBB: CSBB.ob) today announced fourth quarter 2008 net income of $767 thousand, or $.29 per basic and diluted share, as compared to $880 thousand, or $.35 per basic and diluted share for the same period in 2007.

Annualized returns on average common equity (“ROE”) and average assets (“ROA”) for the quarter were 7.40% and 0.76%, respectively, compared with 9.54% and 1.05% for the fourth quarter of 2007.

For the full year of 2008, the Company reported net income of $3.54 million, or $1.43 per diluted share, up from $3.51 million, or $1.42 per diluted share in 2007. Full year ROE and ROA were 9.23% and 0.99%, respectively, compared to 9.82% and 1.07% in 2007.

“We are pleased that full year earnings slightly exceeded last year’s results in spite of the very difficult economic and interest rate environments that prevailed throughout 2008,” said Eddie Steiner, President and CEO.

“During the fourth quarter, CSB acquired Indian Village Bancorp, Inc., adding $75 million to our balance sheet and expanding the eastern edge of our primary market area to include North Canton, New Philadelphia and Gnadenhutten,” continued Steiner. “We expect additional growth in these new markets as we fully deploy our commercial banking services. We are also focusing intently on the assets obtained in the Indian Village

acquisition, and will work to conform the acquired loan and investment portfolios to our business model over the next twelve to eighteen months. Our core operations yielded solid performance through the fourth quarter, although net interest margin decreased to 3.98% due to the declining interest rate environment. We expect continued pressure on margins through 2009, as market rates will likely remain depressed while the economy struggles to regain forward momentum.”

Revenue totaled $4.5 million for the fourth quarter of 2008, an increase of 9.0% over the prior-year fourth quarter. Revenue increased 3.6% for the full year of 2008 to $17.1 million, as compared to $16.5 million in 2007.

Non-interest expense amounted to $3.3 million during the quarter, an increase of $591 thousand, or 21.8%, from fourth quarter 2007. For the full year ended December 31, 2008, non-interest expense increased $610 thousand, or 5.7% versus the prior full year. Current quarter and full year non-interest expense includes a charge of $250 thousand to reduce the book value of the Company’s W. Jackson St. building in Millersburg, which currently serves primarily as a backup facility and is available for sale. Without the impairment charge, non-interest expense would have increased 12.6% and 3.4% for the quarter and full year, respectively.

The Company’s fourth quarter efficiency ratio was 72.8% as compared to 65.4% for the same quarter in the prior year. For the full year of 2008, the efficiency ratio totaled 66.2% versus 64.9% in 2007. Without the aforementioned facility impairment charge, the Company’s efficiency ratio would have been 67.3% for the quarter and 64.8% for the year.

Federal income tax expense was $354 thousand for fourth quarter 2008, compared to $420 thousand for the same quarter in 2007. Full year income tax of $1.7 million for both 2008 and 2007 reflects effective tax rates of 32.8% and 32.3%, respectively. The increase in the effective tax rate for 2008 was the result of comparatively lower tax-free interest income due to maturities of bonds within the Company’s tax-free investment portfolio during 2008.

Average deposit balances grew by $38.9 million during the fourth quarter, or 15.7%, primarily as a result of the Indian Village acquisition. Total average deposits of $286 million for the quarter were 11.8% above the prior year’s fourth quarter average.

Average assets totaled $400.9 million during the quarter, an increase of $68.6 million, or 20.7% from the same quarter in the prior year; again, primarily the result of the Indian Village acquisition. Average loan balances of $293.7 million reflect an increase of $44.3 million, or 17.8%, over the prior year fourth quarter, while average securities balances increased $12.9 million, or 20.2% as compared to fourth quarter 2007.

Assets totaled $425 million at year-end, up $74 million, or 21.2% from December 31, 2007. Net loans increased to $313 million, up $59 million, or 23.2%, from the prior year-end. Year-end securities balances of $82 million reflect an increase of $7.4 million, or 9.9%. The increase in securities balances resulted from the aforementioned acquisition and a $10 million matched leverage investment strategy implemented during the first quarter of

2008, partially offset by the use of proceeds from certain maturing securities to fund a portion of the Company’s loan growth.

Average commercial loan balances for the quarter, including commercial real estate, increased $22.8 million, or 15.5% above year ago levels. Average residential mortgage balances increased by $16.6 million, or 22.8% during the year and home equity balances increased $5.5 million, or 27.1% while average consumer credit balances declined $.7 million, or 7.6% due to the sale of the Company’s $2.0 million credit card portfolio during the first quarter of 2008.

The Company’s allowance for loan losses at December 31, 2008 was 1.07% of period end loans and the Company funded $71 thousand in loan loss provision during the fourth quarter. Recoveries exceeded charge-offs for the quarter and the full year by $84 thousand and $17 thousand, respectively, as compared to net charge-offs of $406 thousand or 0.23% of average loans during 2007.

As of December 31, 2008, nonperforming assets totaled $2.7 million, or 0.86% of period-end loans plus other real estate, compared with $.6 million, or 0.26%, at the prior year-end. The ratio of allowance for loan losses to nonperforming loans stood at 125% at year-end.

Commenting on the Company’s credit quality, Steiner noted, “Our nonperforming asset ratio compares favorably to available industry and peer data, but the level of nonperforming assets has increased, primarily due to certain loans acquired through the Indian Village acquisition. We are working diligently to control and eventually reduce nonperforming balances. At the same time, we anticipate that loan delinquencies will rise above our experience level of the past few years as customers continue to deal with challenging economic conditions. We believe the loan loss reserve is appropriately funded for our current portfolio risk, and charge-offs remain at modest levels.”

Deposit balances totaled $305 million at year-end, an increase of $46 million, or 17.8% from the prior year-end total. Within the deposit category, average non interest-bearing account balances for the fourth quarter increased by $5.8 million, or 13.2% above the same period in the prior year. Average interest-bearing checking, money market and traditional savings balances increased $8.7 million, or 9.7% from year ago levels, while average time deposit balances grew by $15.8 million, or 12.8% during the year. In addition to the changes in average deposit balances, the average balance of securities sold under repurchase agreement during the fourth quarter grew by $2.0 million, or 9.0%, above the average for the same period in the prior year. The repurchase agreements, while considered short-term borrowings, are primarily tied to overnight customer sweep accounts.

Shareholders’ equity totaled $43.5 million on December 31, 2008 with 2.7 million common shares outstanding at year-end. The Company’s capital position remains strong, with tangible equity to assets approximating 9.8% on December 31, 2008, compared to 10.4% on December 31, 2007. The Company declared a common dividend of $.18 per share

during the quarter. Total dividends declared during 2008 were $0.72 per share, or 50% of reported earnings per share.

About CSB Bancorp, Inc.

CSB is a financial holding company headquartered in Millersburg, Ohio, with approximate assets of $425 million as of December 31, 2008. CSB provides a complete range of banking and other financial services to consumers and businesses through its wholly owned subsidiary, The Commercial and Savings Bank, with thirteen banking centers in Holmes, Tuscarawas, Wayne and Stark counties and Trust offices located in Millersburg and Wooster, Ohio.

Forward-Looking Statement

This release contains forward-looking statements relating to present or future trends or factors affecting the banking industry, and specifically the financial condition and results of operations, including without limitation, statements relating to the earnings outlook of the Company, as well as its operations, markets and products. Actual results could differ materially from those indicated. Among the important factors that could cause results to differ materially are interest rate changes, softening in the economy, which could materially impact credit quality trends and the ability to generate loans, changes in the mix of the Company’s business, competitive pressures, changes in accounting, tax or regulatory practices or requirements and those risk factors detailed in the Company’s periodic reports and registration statements filed with the Securities and Exchange Commission. The Company undertakes no obligation to release revisions to these forward-looking statements or reflect events or circumstances after the date of this release.

Contact Information:
Paula J. Meiler, SVP & CFO
330-763-2873
paula.meiler@csb1.com

CSB BANCORP, INC.
CONSOLIDATED FINANCIAL HIGHLIGHTS

(Unaudited)
(Dollars in thousands except per share data)

	Quarters															YTD
	2008			2008			2008			2008			2007			2008			2007
EARNINGS	4th Qtr			3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			12 months			12 months
Net interest income FTE (a)	$	3,812		$	3,473		$	3,318		$	3,406		$	3,437		$	14,009		$	13,470
Provision for loan losses		71			107			48			107			119			333			472
Other income		724			674			680			955			725			3,033			3,035
Other expenses		3,303			2,663			2,617			2,728			2,713			11,311			10,701
FTE adjustment (a)		39			34			32			26			31			131			144
Net income		767			890			878			1,002			880			3,537			3,514
Diluted EPS		0.29			0.37			0.36			0.41			0.35			1.43			1.42
PERFORMANCE RATIOS
Return on average assets (ROA)		0.76	%		1.02	%		1.03	%		1.17	%		1.05	%		0.99	%		1.07	%
Return on average common equity (ROE)		7.40	%		9.46	%		9.46	%		10.89	%		9.54	%		9.23	%		9.82	%
Net interest margin FTE (a)		3.98	%		4.19	%		4.09	%		4.19	%		4.34	%		4.13	%		4.35	%
Efficiency ratio		72.56	%		64.19	%		65.46	%		62.55	%		65.36	%		66.17	%		64.90	%
Number of full-time equivalent employees		144			124			128			126			127
MARKET DATA
Book value/common share	$	15.89		$	15.49		$	15.10		$	15.22		$	14.82
Period-end common share mkt value		15.00			15.25			15.75			16.14			17.75
Market as a % of book		94.40	%		98.45	%		104.29	%		106.05	%		119.76	%
PE ratio		10.49			10.36			10.94			9.84			12.68			10.49			12.50
Cash dividends/common share	$	0.18		$	0.18		$	0.18		$	0.18		$	0.18		$	0.72		$	0.72
Common stock dividend payout ratio		62.07	%		48.65	%		50.00	%		43.90	%		51.43	%
Average basic common shares		2,629,394			2,422,014			2,432,793			2,444,597			2,455,938			2,482,335			2,467,110
Average diluted common shares		2,629,394			2,422,014			2,432,793			2,444,642			2,456,250			2,482,335			2,467,110
Period end common shares outstanding		2,734,799			2,421,983			2,422,050			2,440,850			2,447,624
Common shares repurchased		0			67			18,800			6,774			15,216			25,641			51,557
Common stock market capitalization	$	41,022		$	36,935		$	38,147		$	39,395		$	43,445
ASSET QUALITY
Gross charge-offs	$	47		$	52		$	33		$	22		$	153		$	154		$	459
Net charge-offs		-84			44			21			2			87			-17			406
Allowance for loan losses		3,394			2,781			2,718			2,691			2,586
Nonperforming assets (NPAs)		2,722			577			615			431			673
Net charge-off/average loans ratio		-0.11	%		0.07	%		0.03	%		0.00	%		0.14	%		-0.06	%		0.23	%
Allowance for loan losses/period-end loans		1.07			1.08			1.09			1.09			1.01
NPAs/loans and other real estate		0.86			0.23			0.25			0.17			0.26
Allowance for loan losses/nonperforming loans		124.69			481.98			441.75			623.64			452.77
CAPITAL & LIQUIDITY
Period-end tangible equity to assets		9.84	%		10.91	%		10.54	%		10.77	%		10.36	%
Average equity to assets		10.71			10.84			10.94			10.79			11.01
Average equity to loans		13.74			14.74			14.97			14.56			14.67
Average loans to deposits		102.72			102.86			101.48			101.28			97.52
AVERAGE BALANCES
Assets	$	400,873		$	345,481		$	341,297		$	343,023		$	332,243		$	357,667		$	326,236
Earning assets		381,011			330,219			326,435			326,966			314,236			339,373			307,856
Loans		293,714			254,104			249,395			254,277			249,394			262,933			239,480
Deposits		285,926			247,040			245,767			251,060			255,729			257,478			252,377
Shareholders’ equity		41,251			37,446			37,334			37,021			36,582			38,308			35,497
ENDING BALANCES
Assets	$	424,657		$	343,743		$	347,104		$	344,808		$	350,270
Earning assets		402,225			328,812			329,468			327,711			331,267
Loans		316,290			256,343			249,543			246,984			256,659
Deposits		305,453			245,953			248,176			247,029			259,386
Shareholders’ equity		43,468			37,512			36,577			37,148			36,278

NOTES:
(a)	- Net Interest income on a fully tax-equivalent (“FTE”) basis restates interest on tax-exempt securities and loans as if such interest were subject to federal income tax at the statutory rate. Net interest income on an FTE basis is not an accounting principle generally accepted in the United States of America.

CSB BANCORP, INC.
CONSOLIDATED BALANCE SHEETS

(Unaudited)

	December 31,			December 31,
	2008			2007
ASSETS
Cash and cash equivalents
Cash and due from banks	$	11,392,039		$	12,111,807
Interest-earning deposits in other banks		268,031			81,555
Federal funds sold		1,086,000			0
Total cash and cash equivalents		12,746,070			12,193,362
Securities
Available-for-sale, at fair-value		76,655,816			71,419,830
Restricted stock, at cost		5,231,800			3,105,900
Total securities		81,887,616			74,525,730
Loans		316,290,412			256,659,059
Less allowance for loan losses		3,393,685			2,585,901
Net loans		312,896,727			254,073,158
Premises and equipment, net		8,470,855			7,273,238
Accrued interest receivable and other assets		8,655,914			2,204,257
TOTAL ASSETS	$	424,657,182		$	350,269,745
LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities
Deposits:
Noninterest-bearing	$	49,058,592		$	46,038,976
Interest-bearing		256,394,147			213,347,066
Total deposits		305,452,739			259,386,042
Short-term borrowings		22,891,593			27,305,157
Other borrowings		50,997,537			26,023,888
Accrued interest payable and other liabilities		1,846,841			1,276,610
Total liabilities		381,188,710			313,991,697
Shareholders’ equity
Common stock, $6.25 par value. Authorized 9,000,000 shares; issued 2,667,786 shares in 2007 and 2,980,602 in 2008		18,628,767			16,673,667
Additional paid-in capital		9,986,499			6,452,319
Retained earnings		19,723,972			17,990,445
Treasury stock at cost - 245,803 shares in 2008 and 220,162 shares in 2007		(5,014,541	)		(4,599,282	)
Accumulated other comprehensive income (loss)		143,775			(239,101	)
Total shareholders’ equity		43,468,472			36,278,048
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	424,657,182		$	350,269,745

CSB BANCORP, INC.
CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

	Quarter ended				Twelve months ended
	December 31,				December 31,
	2008		2007		2008			2007
Interest and dividend income:
Loans, including fees	$	4,518,731	$	4,592,088	$	17,021,867		$	18,025,190
Taxable securities		874,522		722,439		3,252,073			2,927,840
Nontaxable securities		65,777		53,490		225,287			251,551
Other		18,636		10,217		121,499			26,540
Total interest and dividend income		5,477,666		5,378,234		20,620,726			21,231,121
Interest expense:
Deposits		1,173,889		1,589,717		4,836,598			6,352,732
Other		531,225		382,462		1,906,219			1,552,007
Total interest expense		1,705,114		1,972,179		6,742,817			7,904,739
Net interest income		3,772,552		3,406,055		13,877,909			13,326,382
Provision for loan losses		71,354		118,560		333,094			472,100
Net interest income after provision for loan losses		3,701,198		3,287,495		13,544,815			12,854,282
Non-interest income
Service charges on deposits accounts		320,680		303,126		1,273,094			1,231,020
Trust services		156,581		185,842		645,941			730,715
Securities gains (losses) realized		—		—		(35,000	)		16,830
Gain on sale of loans		6,592		11,400		287,902			18,348
Other		274,990		223,984		860,950			1,037,712
Total non-interest income		723,843		724,352		3,032,887			3,034,625
Non-interest expenses
Salaries and employee benefits		1,664,525		1,525,678		6,261,348			5,853,523
Occupancy expense		467,249		178,411		1,033,780			732,850
Equipment expense		153,284		132,032		520,596			504,356
Franchise tax expense		113,880		104,741		437,250			416,712
Professional and director fees		136,415		126,773		511,768			579,923
Other expenses		768,304		644,666		2,546,490			2,613,429
Total non-interest expenses		3,303,657		2,712,301		11,311,232			10,700,793
Income before income tax		1,121,384		1,299,546		5,266,470			5,188,114
Federal income tax provision		354,400		419,700		1,729,400			1,674,200
Net income	$	766,984	$	879,846	$	3,537,070		$	3,513,914
Net income per share
Basic	$	0.29	$	0.35	$	1.43		$	1.42
Diluted	$	0.29	$	0.35	$	1.43		$	1.42

Note: Certain prior year balances have been reclassified to conform to the current year presentation.