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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):
August 31, 1998
WESTWOOD HOMESTEAD FINANCIAL CORPORATION
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(Exact name of registrant as specified in its charter)
Indiana 0-21385 31-1463057
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(State or other jurisdiction (Commission (I.R.S. employer
of incorporation) file number) identification no.)
3002 Harrison Avenue, Cincinnati, Ohio 45211-5789
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code:(513)661-5735
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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On August 28, 1998, the Registrant announced that it was
commencing an open-market stock repurchase program to purchase
up to 230,321 shares of the Registrant's common stock, which
represents approximately 9% of the shares outstanding. For
further information, reference is made to the Registrant's press
release dated August 28, 1998, which is attached hereto as
Exhibit 99, and incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits
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The following is a list of exhibits filed with this
Current Report on Form 8-K indexed to their location in the
sequentially numbered copy.
Exhibit No. Description
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99 Press Release
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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, hereto duly
authorized.
WESTWOOD HOMESTEAD FINANCIAL
CORPORATION
Date: August 31, 1998 By: /s/ Michael P. Brennan
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Michael P. Brennan
President
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FOR IMMEDIATE RELEASE
August 28, 1998
Contact: Michael P. Brennan, President/CEO
Phone: 513-661-5735 Fax: 513-661-9091
WESTWOOD HOMESTEAD FINANCIAL CORPORATION
ANNOUNCES STOCK REPURCHASE PROGRAM
Cincinnati, Ohio....Westwood Homestead Financial
Corporation (Nasdaq WEHO), announced today that it is commencing
a stock repurchase program to acquire up to 230,321 shares of
the Corporation's common stock, which represents approximately
9% of the outstanding common stock. The program will be
dependent upon market conditions and there is no guarantee as to
the exact number of shares to be repurchased by the Corporation.
Michael P. Brennan, President of the Corporation, stated
that the Board of Directors has authorized the repurchase
program, which is expected to be completed within six months.
Mr. Brennan explained that the Board of Directors considers the
Corporation's common stock to be an attractive investment.
According to Mr. Brennan, the repurchase generally will be
effected through open market purchases, although he did not rule
out the possibility of unsolicited negotiated transactions or
other types of repurchases.
The repurchased shares will be held as treasury shares and
it is expected that these shares will be used for general
corporate purposes, including the issuance of shares in
connection with the exercise of stock options.
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