PEOPLES SIDNEY FINANCIAL CORP
8-K, 1999-12-29
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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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) December 27, 1999


                      PEOPLES-SIDNEY FINANCIAL CORPORATION
- --------------------------------------------------------------------------------
             (Exact name of Registrant as specified in its Charter)


         Delaware                       0-22223                31-1499862
- --------------------------------------------------------------------------------
(State or other jurisdiction    (Commission File No.)        (IRS Employer
of incorporation)                                            Identification No.)


101 E. Court Street, Sidney, Ohio                                  45365
- --------------------------------------------------------------------------------
(Address of principal executive offices)                         (Zip Code)


      Registrant's telephone number, including area code: (937) 492-6129

                                       N/A

          (Former name or former address, if changed since last report)
<PAGE>

Item 5. Other Events

         On  December  27,  1999,   Peoples-Sidney  Financial  Corporation  (the
"Company")  issued the press release attached hereto as Exhibit 99, announcing a
stock  repurchase  program.   The  Company  intends  to  repurchase  5%  of  its
outstanding stock over the next six months in the open market.

Item 7.  Financial Statements and Exhibits

         (c)      Exhibits

                  99       Press Release dated December 27, 1999.


<PAGE>



                                   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 thereunto duly authorized.

                                      PEOPLES-SIDNEY FINANCIAL CORPORATION

Date:    December 29, 1999            By: /s/ Douglas Stewart
         -----------------                -------------------
                                          Douglas Stewart, President and Chief
                                           Executive Officer























                                   EXHIBIT 99


<PAGE>
                [PEOPLES-SIDNEY FINANCIAL CORPORATION Letterhead]





For Release, Monday, December 27, 1999

Contact: Douglas Stewart, President




            PEOPLES-SIDNEY FINANCIAL ANNOUNCES THIRD STOCK REPURCHASE
                                     PROGRAM



Sidney, Ohio, December 27, 1999

NASDAQ: PSFC

Douglas  Stewart,  President of  Peoples-Sidney  Financial  Corporation,  parent
company of Peoples  Federal  Savings and Loan  Association,  announced today its
intention to commence the repurchase of 5% of its outstanding shares in the open
market over the next six months.  The repurchase program is expected to commence
prior to December 31, 1999. These shares will be purchased at prevailing  market
prices from time to time over a six month period depending on market conditions.
The repurchase program has been approved by the Office of Thrift Supervision.

Peoples  Federal  serves  Shelby  County  with  offices  located at 101 E. Court
Street,  Sidney,  403 S. Pike Street,  Anna;  and,  115 E. Pike Street,  Jackson
Center.  The  corporation  had  assets  of  $123  million  and  $17  million  in
shareholder equity at September 30, 1999.


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