CITIZENS FIRST FINANCIAL CORP
8-K, 1999-10-01
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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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 report)
                      October 1, 1999 (September 30, 1999)

                         CITIZENS FIRST FINANCIAL CORP.
             (Exact name of registrant as specified in its charter)

            Delaware                      1-4274                 37-1351861
(State or other jurisdiction of        (Commission              IRS Employer
 incorporation or organization)        File Number)          Identification No.)


              2101 N. Veteran Parkway, Bloomington, Illinois 61704
                    (Address of principal executive offices)

                                 (309) 661-8700
                (Issuer's telephone number, including area code)

                                 Not Applicable
         (Former name or former address, if changed since last report.)



Total Pages: 3



                                     1 of 3
                         Exhibit Index appears on Page 2

<PAGE>


Item 5. Other Events

Citizens First Financial Corp., the parent company of Citizens Savings Bank,
announced the start of a stock repurchase program of 5% of its outstanding
shares of common stock.

A press release announcing the approval of the stock repurchase program is
attached as Exhibit 99.1.


                                  Exhibit Index
                                  -------------
Exhibit No.                                                                 Page
- ----------                                                                  ----
99.1                 Press release dated September 30, 1999                   3


                                   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: September 30, 1999             By: /s/ C.William Landefeld
                                          ---------------------------
                                          C. William Landefeld
                                          President and Chief Executive Officer



Dated: September 30, 1999             By: /s/ Dallas G. Smiley
                                          --------------------
                                          Dallas G. Smiley
                                          Senior Vice-President and
                                          Chief Financial Officer



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                                                                    EXHIBIT 99.1


CONTACT:
C. William Landefeld
President & Chief Executive Officer
Citizens First Financial Corp.
(309) 661-8700


                              FOR IMMEDIATE RELEASE


                    Citizens First Financial Corp. Announces
                            Stock Repurchase Program

            Bloomington, Illinois, September 30, 1999 -- Citizens First
Financial Corp. (AMEX - CBK) (the "Company"), the parent company of Citizens
Savings Bank, today announced authorization by its Board of Directors to
repurchase 5% or 101,893 shares of its outstanding common stock.

            Prior to this new program, common stock repurchased by the Company
since January 1997 in total now equals 793,379 shares at an average price of
$15.89 per share.

            Citizens Savings Bank is headquartered in Bloomington, Illinois and
operates through six full service branches throughout Central Illinois.


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