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): January 12, 1998
PEOPLES-SIDNEY FINANCIAL CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 0-22223 31-1499862
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
101 East Court Street, Sidney, Ohio 45365
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (937) 492-6129
N/A
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(Former name or former address, if changed since last report.)
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Item 5. Other Events
On January 12, 1998, Peoples-Sidney Financial Corporation issued the
attached press release relating to the announcement of quarterly earnings and
dividend.
Item 7. Financial Statements and Exhibits
(c) Exhibits.
The Exhibits listed on the accompanying Exhibit Index are filed as part
of this Report and are incorporated herein by reference.
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EXHIBIT INDEX
Exhibit
Number Description
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99.1 Press Release Announcing Quarterly Earnings and Dividend Increase
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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 hereunto duly authorized.
PEOPLES-SIDNEY FINANCIAL CORPORATION
Date: January 28, 1998 By: /s/ Douglas Stewart
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Douglas Stewart
President and
Chief Executive Officer
EXHIBIT 99.1
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[PEOPLES-SIDNEY FINANCIAL CORPORATION LETTERHEAD]
For Information Contact: For Release:
Douglas Stewart, President Monday, January 12, 1998
(937) 492-6129
PEOPLES-SIDNEY FINANCIAL CORPORATION
ANNOUNCES QUARTERLY EARNINGS AND DIVIDEND
(Sidney, Ohio: NASD-NMS "PSFC") Douglas Stewart, President of Peoples-Sidney
Financial Corporation, parent company of Peoples Federal Savings and Loan
Association, announced today the Company's second quarter earnings for the
fiscal year ending June 30, 1998.
Net income was $338,000 for the three months ended December 31, 1997, or $.20
per share. This compares to earnings of $191,000 for the same quarter in 1996
(Pre-conversion). The Association has experienced steady lending volume and as a
result, interest income on mortgage loans and other investments increased during
the quarter.
The company also recently announced plans for construction of its first branch
office to be located in Anna, Ohio. Plans call for the opening to occur in fall,
1998.
On January 9, 1998, the Board of directors declared a quarterly cash dividend of
$.07 per share for stockholders of record on January 23, 1998. This dividend
represents the third consecutive quarterly dividend paid since the conversion to
a stock company in April 1997. The current dividend will be payable February 6,
1998.
Peoples Federal serves Shelby County, Ohio through its main office located at
101 East Court Street, Sidney, Ohio. The company had assets of $106,000,000 and
$26 million in shareholder equity as of December 31, 1997.
