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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
FIRST FEDERAL FINANCIAL BANCORP, INC.
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(Name of Issuer)
Common Stock, Par Value $.01 Per Share
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(Title of Class of Securities)
319988 10 1
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(CUSIP Number)
Page 1 of 5 Pages
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CUSIP NO. 319988 10 1 Page 2 of 5 Pages
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1.
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Federal Financial Bancorp, Inc. Employee Stock Ownership Plan
(ENTITY ONLY)
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Ohio
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5. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SOLE VOTING POWER
49,759
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6. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SHARED VOTING POWER
3,984
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7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SOLE DISPOSITIVE POWER
49,759
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8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SHARED DISPOSITIVE POWER
3,984
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
53,743
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.3%
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12. TYPE OF REPORTING PERSON
EP
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CUSIP NO. 319988 10 1 Page 3 of 5 Pages
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Item 1(a) Name of Issuer:
First Federal Financial Bancorp, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
415 Center Street
Ironton, Ohio 45638
Item 2(a) Name of Person Filing:
First Federal Financial Bancorp, Inc. Employee Stock
Ownership Plan.
Item 2(b) Address of Principal Business Office or, if None, Residence:
First Federal Financial Bancorp, Inc.
415 Center Street
Ironton, Ohio 45638
Item 2(c) Citizenship:
Ohio
Item 2(d) Title of Class of Securities:
Common Stock, par value $.01 per share
Item 2(e) CUSIP Number:
319988 10 1
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(f) [X] Employee Benefit Plan, Pension Fund which is
subject to the provisions of the Employee Retirement Income
Security Act of 1974.
Item 4. Ownership.
(a) Amount Beneficially owned:
53,743
(b) Percent of class: 8.3%
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CUSIP NO. 319988 10 1 Page 4 of 5 Pages
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(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 49,759
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(ii) Shared power to vote or to direct the vote 3,984
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(iii) Sole power to dispose or to direct the disposition of
49,759
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(iv) Shared power to dispose or to direct the disposition of
3,984
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The First Federal Financial Bancorp, Inc. Employee Stock Ownership
Plan Trust ("Trust") was established pursuant to the First Federal
Financial Bancorp, Inc. Employee Stock Ownership Plan ("ESOP").
Under the terms of the ESOP, the Trustees will generally vote the
allocated shares held in the ESOP in accordance with the
instructions of the participating employees. Unallocated shares
held in the ESOP will generally be voted by the ESOP Trustees in
the same proportion for and against proposals to stockholders as
the ESOP participants and beneficiaries actually vote shares of
Common Stock allocated to their individual accounts, subject in
each case to the fiduciary duties of the ESOP trustees and
applicable law. Any allocated shares which either abstain on the
proposal or are not voted will be disregarded in determining the
percentage of stock voted for and against each proposal by the
participants and beneficiaries. As of December 31, 1997, 3,984
shares had been allocated to participants' accounts and 49,759
shares were unallocated.
tem 5. Ownership of Five Percent or Less of a Class.
Not applicable since the reporting entity owns more than 5% of
the class.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Participants in the ESOP are entitled to receive dividends on, and
the proceeds from, the sale of the shares allocated to their
accounts. The ESOP does not own more than 5% on behalf of another
person.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable since the reporting entity is not a member of a group.
Item 9. Notice of Dissolution of Group.
Not applicable since the reporting entity is not a member of a
group.
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CUSIP NO. 319988 10 1 Page 5 of 5 pages
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Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having such
purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
FIRST FEDERAL FINANCIAL BANCORP, INC.
EMPLOYEE STOCK OWNERSHIP PLAN TRUST
February 17, 1998 By: /s/ Thomas D. Phillips
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Thomas D. Phillips, Trustee
February 17, 1998 By: /s/ Edward R. Rambacher
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Edward R. Rambacher, Trustee
February 17, 1998 By: /s/ I. Vincent Rice
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I. Vincent Rice, Trustee
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