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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
______________________________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of Report: March 24, 1998
MECH FINANCIAL, INC.
Exact name of registrant as specified in its charter
STATE OF CONNECTICUT 000-23557 06-1500984
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State or other jurisdiction Commission File IRS Employer
of Incorporation Number Identification No.
100 PEARL STREET
Hartford, CT 06103
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Address of principal executive offices (Zip Code)
Registrant's phone number: (860) 293-4000
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ITEM 5.
OTHER EVENTS
Mechanics Savings Bank (NASDAQ: MECH) announced on March 18, 1998 an agreement
to purchase the East Hartford and West Hartford branches of The Chase Manhattan
Bank. The transaction is subject to the approval of state and federal agencies.
The purchase will include all retail and small business deposits totaling $27
million and most loans of the two branches.
Edgar C. Gerwig, Mechanics Chairman, President, and CEO stated "we are delighted
to add these two offices to our branch network and look forward to serving these
new customers." This purchase brings to 16 the number of full-service offices
Mechanics Savings Bank has in Central Connecticut.
Pending final approval, Mechanics expects to convert the two Chase Manhattan
branches to Mechanics offices within 120 days. The East Hartford branch is
located at 1065 Main Street. The West Hartford branch is located at 927
Farmington Avenue at the corner of Raymond Road in West Hartford Center. Both
facilities will offer ATM services and a drive-up window as well as the full
range of Mechanics services and banking hours.
Mechanics Savings Bank is a Connecticut-chartered savings bank with total assets
of $892 million as of December 31, 1997.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has caused the report to be signed on its behalf by the undersigned
hereunto duly authorized.
MECH Financial, Inc.
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Registrant
Date: March 24, 1998 By: /s/ Thomas M. Wood
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Thomas M. Wood, Executive Vice
and Treasurer
