CRAZY WOMAN CREEK BANCORP INC
8-K, 1997-01-03
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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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

                Date of Report (Date of earliest event reported)
                                December 26, 1996

                     CRAZY WOMAN CREEK BANCORP INCORPORATED
- --------------------------------------------------------------------------------
             (Exact name of Registrant as specified in its Charter)

        Wyoming                     0-27714                83-0315410
- ----------------------------    --------------   -----------------------------
(State or other jurisdiction    (SEC File No.)   (IRS Employer Identification)
     of incorporation)                                       Number)

   106 Fort Street, Buffalo, Wyoming                    82834
- ----------------------------------------             ----------
(Address of principal executive offices)             (Zip Code)

Registrant's telephone number, including area code: (307) 684-5591

                                 Not Applicable
          -------------------------------------------------------------
          (Former name or former address, if changed since last Report)



<PAGE>



                     CRAZY WOMAN CREEK BANCORP INCORPORATED

                      INFORMATION TO BE INCLUDED IN REPORT
                      ------------------------------------

Item 5.  Other Events
         ------------

         The  Registrant  announced  that it intends to implement the Management
Stock Bonus Plan previously approved by stockholders.  The Registrant intends to
purchase  up to 42,320  shares of its Common  Stock to be  awarded as  incentive
bonuses to directors and officers of the Registrant and its subsidiaries.  It is
anticipated  that such  shares of Common  Stock  will be  purchased  in the open
market from time to time during the next six months. Alternatively,  the Plan is
permitted to purchase such shares directly from the Registrant.

         For  further  details,  reference  is made to the press  release  dated
December  26,  1996,  which is  attached  hereto as Exhibit 99 and  incorporated
herein by this reference.

Item 7.   Financial Statements, Pro Forma Financial Information and Exhibits
          ------------------------------------------------------------------

         (c)      Exhibits:

                  99       Press Release dated December 26, 1996.


<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.

                                             CRAZY WOMAN CREEK
                                             BANCORP INCORPORATED

Date: January 3, 1997                        By: /s/Deane D. Bjerke
                                                 ------------------
                                                 Deane D. Bjerke
                                                 President





                                   EXHIBIT 99

                     [Crazy Woman Creek Bancorp Letterhead]

Crazy Woman Creek Bancorp Incorporated               Contact:    Deane D. Bjerke
Buffalo, Wyoming                                     President
                                                     (307) 684-5591

                                       For Immediate Release
                                       December 26, 1996



                CRAZY WOMAN CREEK BANCORP INCORPORATED ANNOUNCES
                    REGULATORY APPROVAL FOR STOCK BONUS PLAN

         Buffalo,  Wyoming -- December 26, 1996 -- Deane D. Bjerke, President of
Crazy Woman Creek Bancorp  Incorporated,  Buffalo,  Wyoming (the "Corporation"),
the holding  company of Buffalo  Federal  Savings (the "Bank"),  announced today
that it had  received  non-objection  from the Office of Thrift  Supervision  to
implement  the  Corporation's  Management  Stock Bonus Plan  ("Plan").  The Plan
intends to purchase up to 42,320  shares of Common  Stock to be  distributed  in
accordance  with the Plan as  approved  by the  stockholders  at the  Meeting of
Stockholders  held on October 2, 1996.  It is  anticipated  that such  shares of
Common  Stock will be purchased  in open market  transactions  from time to time
during the next six months.  Alternatively,  the Plan may  purchase  such shares
directly from the Corporation's authorized but unissued common stock.

         The Corporation is a unitary thrift holding company,  which owns all of
the  outstanding  stock of the  Bank.  The Bank is a  community-oriented  retail
savings institution offering traditional deposit and mortgage loan products. The
Bank primarily serves Johnson County and southern  Sheridan County,  providing a
full range of retail  banking  services,  with  emphasis on  one-to-four  family
residential  mortgages.   The  Corporation's  common  stock  is  traded  in  the
over-the-counter market on the Nasdaq NATIONAL Market under the symbol "CRZY."




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