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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
July 26, 1996
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(Date of earliest event reported)
Pittsburgh Home Financial Corp.
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(Exact name of registrant as specified in its charter)
Pennsylvania 0-27522 25-1772349
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
438 Wood Street, Pittsburgh, Pennsylvania 15222
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(Address of principal executive offices) (Zip Code)
(412) 281-0780
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On July 26, 1996, Pittsburgh Home Savings Bank (the "Savings Bank"), the
wholly owned subsidiary of Pittsburgh Home Financial Corp. (the "Company"),
announced it had signed a definitive agreement to purchase the branch of First
Home Savings Bank, FSB located at 2905 West Liberty Avenue, Pittsburgh,
Pennsylvania. The Savings Bank will be assuming all deposits and acquiring
all equipment and real estate associated with this location. Total deposits
of the branch were $10.9 million as of March 31, 1996. The branch purchase is
subject to regulatory approval. The press release is included as an exhibit
hereto and is incorporated by reference herein.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99(a) Press Release, dated July 26, 1996
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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.
PITTSBURGH HOME FINANCIAL CORP.
Date: August 1, 1996 By: /s/ J. Ardie Dillen
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J. Ardie Dillen, President and Chief
Executive Officer
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Exhibit 99(a)
Press Release, dated July 26, 1996
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[PITTSBURGH HOME SAVINGS BANK LOGO]
438 WOOD STREET PITTSBURGH PA 15222
PHONE: 412-281-0780
FAX: 412-281-3750 - LENDING DEPT.: 412-227-0566
PITTSBURGH HOME SAVINGS BANK
ANNOUNCES BRANCH PURCHASE
FOR IMMEDIATE RELEASE
JULY 26, 1996
Contact: J. Ardie Dillen, President and Chief Executive Officer
Pittsburgh Home Savings Bank
(412) 281-0780
Pittsburgh, PA - Pittsburgh Home Savings Bank ("Pittsburgh Home"), the wholly
owned subsidiary of Pittsburgh Home Financial Corp. (the
"Company")(NASDAQ:PHFC) today announced it has signed a definitive agreement to
purchase the branch of First Home Savings Bank, FSB ("First Home") located at
2905 West Liberty Avenue in Pittsburgh. Pittsburgh Home will be assuming all
deposits and acquiring all equipment and real estate associated with this
location. Total deposits of the branch were $10.9 million as of March 31, 1996.
J. Ardie "Butch" Dillen, President and Chief Executive Officer of Pittsburgh
Home said "This branch purchase is consistent with our strategy to
opportunistically leverage our capital base and enhance returns to
shareholders. We are excited about the opportunity to serve this location."
Pittsburgh Home Savings Bank was founded in 1942 and conducts business from its
main office in Pittsburgh and five branch offices located in Allegheny and
Butler Counties. On April 1, 1996, it converted from a Pennsylvania-chartered
mutual savings bank to a Pennsylvania-chartered stock savings bank and became a
wholly owned subsidiary of the Company. At June 30, 1996 the Company had total
assets of $184.0 million, total deposits of $114.9 million and shareholders'
equity of $30.4 million. The branch purchase is subject to regulatory approval.
BLOOMFIELD - BUTLER - MT. LEBANON - MT. OLIVER - OAKLAND
