<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
May 29, 1996
PEEKSKILL FINANCIAL CORPORATION
- -------------------------------------------------------------------
(Exact name of Registrant as specified in its Charter)
Delaware 0-27178 13-3858258
- -----------------------------------------------------------------
(State or other (Commission File No.) (IRS Employer
jurisdiction of Identification
incorporation) Number)
1019 Park Street, Peekskill, New York 10566
- ------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (914) 737-2777
- -----------------------------------------------------------------
N/A
- -------------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE>
<PAGE>
Item 5. Other Events
- ---------------------
On May 29, 1996, the Registrant issued the attached press
release announcing the payment of a cash dividend.
Item 7. Financial Statements and Exhibits
- ------------------------------------------
(a) Exhibits
99.1 Press release, dated May 29, 1996.
<PAGE>
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this Report to be signed on
its behalf by the undersigned thereunto duly authorized.
SFS BANCORP, INC.
Date: May 29, 1996 By: /s/ ELDORUS MAYNARD
------------------- ----------------------------
Eldorus Maynard, Chairman
and Chief Executive Officer
<PAGE>
FIRST FEDERAL SAVINGS BANK
1019 Park Street, P.O. Box 788, Peekskill, NY 10566 (914)737-2777
May 29, 1996
FOR MORE INFORMATION FOR IMMEDIATE RELEASE
Contact Eldorus Maynard,
Chairman and Chief Executive Officer
PEEKSKILL FINANCIAL CORPORATION DECLARES CASH DIVIDEND
Peekskill, New York -- The Board of Directors of Peekskill
Financial Corporation, parent company of First Federal Savings
Bank, Peekskill, New York, has announced that the Corporation has
declared its first cash dividend of $0.09 per share in the fourth
quarter of fiscal 1996. The dividend will be payable on June 26,
1996 to stockholders of record on June 12, 1996. According to
Eldorus Maynard, the Corporation's Chairman and Chief Executive
Officer, "the establishment of a dividend program is evidence of
the board's commitment to enhancing shareholder value."
Peekskill Financial Corporation was formed in 1995 and
acquired all of the shares of First Federal Savings Bank upon its
conversion from a mutual to a stock savings bank effective December
29, 1995. The Corporation sold 4,099,750 shares of common stock,
$0.01 par value, at $10 per share.
First Federal serves local communities located in northern
Westchester and Putnam Counties, New York, through its three full
service branches. At March 31, 1996, First Federal exceeded all
applicable regulatory capital requirements.
The Corporation had $193.7 million in assets and $59.4 million
in stockholders' equity as of March 31, 1996. The Corporation's
stock is traded on the Nasdaq National Market under the symbol
"PEEK."
