PEOPLES SIDNEY FINANCIAL CORP
8-K, 1999-05-26
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)                  May 26, 1999



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



   Delaware                         0-22223                         31-1499862
- --------------------------------------------------------------------------------
State or other                (Commission File No.)             (IRS Employer
jurisdiction                                                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 May 26, 1999,  the  Registrant  issued the press release  attached  hereto as
Exhibit 99 announcing  its  intention to commence the  repurchase of up to 5% of
its outstanding shares.

Item 7. Financial Statements and Exhibits

(c)      Exhibits
99       Press release dated May 26, 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: May 26, 1999                          By  /s/ Douglas Stewart
                                            ------------------------------------
                                            Douglas Stewart, President and Chief
                                            Executive Officer

[Letterhead of Peoples-Sidney]



                                                      For Release:  May 26, 1999
                                                      Contact Douglas Stewart


                     PEOPLES-SIDNEY FINANCIAL CORPORATION
                   ANNOUNCES SECOND STOCK REPURCHASE PROGRAM



Sidney, Ohio May 26, 1999
 NASDAQ ("PSFC")

Douglas  Stewart,  President of  Peoples-Sidney  Financial  Corporation,  parent
company of Peoples Federal Savings and Loan Association, announced its intention
today to commence the  repurchase of up to 5% of its  outstanding  shares in the
open market over the next twelve months.  The repurchase  program is expected to
commence after June 1, 1999. These shares will be purchased at prevailing market
prices  from  time to time  over a  twelve  month  period  depending  on  market
conditions.

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,  Ohio.  The  corporation  had assets of $109  million and $18 million in
shareholder's equity as of March 31, 1999.


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