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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of Report: January 25, 1999
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
MECH Financial, Inc. (NASDAQ: MECH), the holding company for Mechanics Savings
Bank, announced that its Board of Directors has adopted a stock repurchase
program. The program authorizes the Company to repurchase up to 5% of its
issued and outstanding common stock at prevailing market prices in negotiated
and/or open market purchases. The Company is not obligated to make any
purchases but may do so at any time until December 31, 1999, unless extended by
the Board of Directors.
MECH Financial, Inc. is the parent of Hartford-based Mechanics Savings Bank with
$1 Billion in assets and 16 branches serving Central Connecticut.
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: January 25, 1999 By: /s/Thomas M. Wood
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Thomas M. Wood, Executive Vice
President and Treasurer
