FIRST ROBINSON FINANCIAL CORP
8-K, 1998-08-17
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)
                                 August 14, 1998


                      FIRST ROBINSON FINANCIAL CORPORATION
             (Exact name of Registrant as specified in its Charter)



   Delaware                          0-29276                        36-4145294  
(State or other             (Commission File Number)               (IRS Employer
jurisdiction of                                                   Identification
incorporation)                                                        Number)   



501 East Main Street, Robinson, Illinois                               62454
(Address of principal executive offices)                             (Zip Code)


Registrant's telephone number, including area code: (618) 544-8621



                                       N/A
          (Former name or former address, if changed since last report)



<PAGE>


Item 7. Financial Statements and Exhibits

     (c)  Exhibits:

               Exhibit 99.1   Press  release  dated August 14, 1998,  announcing
                              the completion of the Company's  stock  repurchase
                              program.



                                        2
<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.


                                   FIRST ROBINSON FINANCIAL CORPORATION



Date: August 17, 1998              By: /s/ Rick L. Catt
                                       ----------------------------------------
                                       Rick L. Catt
                                       President and Chief Executive Officer





Rick L. Catt, President                                   FOR IMMEDIATE RELEASE
 And Chief Executive Officer                                 August 14, 1998
First Robinson Financial Corporation
501 East Main Street
Robinson, IL 62454


                  First Robinson Financial Corporation Reports
                           Stock Repurchase Completed
                           --------------------------


Robinson,  Illinois:  First Robinson Financial  Corporation (OTC Bulletin Board:
"FRFC"),   the  holding  company  for  First  Robinson  Savings  Bank,  National
Association,  today  announced the  completion of a stock  repurchase  plan. The
Company has  purchased  42,981 shares or 5% of the  outstanding  shares of First
Robinson Financial Corporation as approved by the Company's board of directors.

The  Company  has  also  purchased  an  additional  42,981  shares  or 5% of the
outstanding shares of First Robinson  Financial  Corporation as described in the
Company's Recognition and Retention Plan approved by vote of the stockholders of
the Company at their annual meeting, July 29, 1998.

As of June 30, 1998,  First Robinson  Financial  Corporation had assets of $80.6
million, liabilities of $67.8 million and stockholders' equity of $12.8 million.
Through its banking  subsidiary,  the Company operates four offices in Robinson,
Palestine and Oblong, Illinois.



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