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UNITED STATES
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) June 11, 1999
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GRAND CENTRAL FINANCIAL CORP.
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(Exact name of registrant as specified in its charter)
Delaware 0-25945 34-1877137
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(State or other Jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification No.)
601 Main Street, Wellsville, Ohio 43968
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(Address of principal executive offices)
(330) 532-1517
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS.
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On June 11, 1999, Grand Central Financial Corp. (the "Company"), issued a
press release which reported the declaration of its first cash dividend payable
July 9, 1999 to stockholders of record at the close of business on June 24,
1999.
A press release announcing the Company's declaration of a cash dividend is
attached as Exhibit 99.
ITEM 7. FINANCIAL STATEMENTS AND OTHER EXHIBITS.
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Exhibit 99 Press Release dated June 11, 1999.
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 hereunto duly authorized.
Dated: June 17, 1999 By:/s/ William R. Williams
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William R. Williams
President and Chief Executive Officer
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EXHIBIT 99
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PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact: Bill Williams, President & CEO
Grand Central Financial Corp.
Announces First Quarterly Dividend
for period ending June 30, 1999
Wellsville, Ohio - (June 11, 1999) - - Grand Central Financial Corp. (NASDAQ:
GCFC) announced today that its Board of Directors, at their meeting on June 10,
1999, declared its first cash dividend of $.05 per share on its common stock
payable July 9, 1999, to stockholders of record at the close of business on June
24, 1999.
As of the end of the second quarter, Grand Central Financial Corp. had 1,938,871
shares of common stock outstanding which will represent a total dividend paid of
$96,943.55.
Grand Central Financial Corp. is a Delaware holding company owning all the
shares of Central Federal Savings & Loan Association of Wellsville, Ohio. The
holding company is traded on the NASDAQ under the symbol GCFC.
