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UNITED STATES
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) March 9, 1998
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CITIZENS FIRST FINANCIAL CORP.
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(Exact name of registrant as specified in its charter)
Delaware 1-14274 37-1351861
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(State or other Jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification No.)
2101 North Veterans Parkway, Bloomington Illinois 61704
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(Address of principal executive offices)
(309) 661-1110
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(Issuer'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.
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Citizens First Financial Corp., the parent company of Citizens Savings
Bank, F.S.B. (the "Bank") announced the approval by the Office of Thrift
Supervision on March 2, 1998 of the repurchase of 5% of its outstanding shares
of common stock.
A press release announcing the stock repurchase is attached as Exhibit
99.1.
Exhibit 99.1 Press Release dated March 9, 1998.
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 hereunto duly authorized.
Dated: March 9, 1998 By: /s/ C. William Landefeld
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C. William Landefeld
President and Chief Executive
Officer
Dated: March 9, 1998 By: /s/ Dallas G. Smiley
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Dallas G. Smiley
Senior Vice-President and
Chief Financial Officer
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EXHIBIT 99.1 PRESS RELEASE
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CONTACT:
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C. WILLIAM LANDEFELD
PRESIDENT & CHIEF EXECUTIVE OFFICER
CITIZENS FIRST FINANCIAL CORP.
(309) 661-8700
FOR IMMEDIATE RELEASE
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CITIZENS FIRST FINANCIAL CORP. ANNOUNCES
APPROVAL OF STOCK REPURCHASE PROGRAM
Bloomington, Illinois, March 9, 1998 - Citizens First Financial Corp.
(AMEX-CBK) (the "Company"), the parent company of Citizens Savings Bank, F.S.B.
(the "Bank") announces receiving approval from the Office of Thrift Supervision
on March 2, 1998 for the repurchase of 5% of its current outstanding shares of
common stock.
In December 1997, the Company completed the repurchase of 10% of its
outstanding common stock. The 281,750 shares were repurchased at prices ranging
from $13.532 to $18.563, with an average price of $16.04.
The Bank currently has six offices in Central Illinois.
