SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): October 27, 1998
Peoples Financial Corporation
(Exact name of registrant as specified in its charter)
Ohio 0-28838 34-1822228
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(State of Incorporation) (Commission File No.) (IRS Employer
Identification No.)
211 Lincoln Way East, Massillon Ohio 44646
(Address of principal executive offices)
Registrant's telephone number, including area code: 330-832-7441.
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FORM 8-K
Item 1. Changes in Control of Registrant.
Not applicable.
Item 2. Acquisition or Disposition of Assets.
Not applicable.
Item 3. Bankruptcy or Receivership.
Not applicable.
Item 4. Changes in Registrant's Certifying Accountant.
Not applicable.
Item 5. Other Events.
On October 27, 1998, Peoples Financial Corporation announced its
intention to commence a new share repurchase program in which up to 5% of the
outstanding common shares of Peoples Financial Corporation will be purchased on
the over-the-counter market during the next twelve months. The number of shares
to be purchased and the price to be paid will depend upon the availability of
shares, the prevailing market prices and any other considerations which may, in
the opinion of the Board of Directors or management, affect the advisability of
purchasing Peoples Financial Corporation shares. The repurchase program will be
funded by available cash and the sale of investment securities.
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Item 6. Resignations of Registrant's Directors.
Not applicable.
Item 7. Financial Statements and Exhibits.
Not applicable.
Item 8. Change in Fiscal Year.
Not applicable.
Item 9. Sales of Equity Securities Pursuant to Regulation S.
Not applicable.
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.
Date: October 30, 1998 PEOPLES FINANCIAL CORPORATION
By:/s/ Paul von Gunten
Paul von Gunten
President and Chief Executive Officer
