GRAND CENTRAL FINANCIAL CORP
8-K, 2000-06-20
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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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 20, 2000

                         GRAND CENTRAL FINANCIAL CORP.
                         -----------------------------
            (Exact name of registrant as specified in its charter)

      Delaware                       0-25945                    34-1877137
      --------                       -------                    ----------
(State or other Jurisdiction of    (Commission                 (IRS Employer
incorporation or organization)     File Number)              Identification No.)

             601 Main Street, P.O. Box 345, Wellsville, Ohio 43968
             -----------------------------------------------------
                   (Address of principal executive offices)

                                 (330) 532-1517
                                 --------------
             (Registrant's telephone number, including area code)

                                Not Applicable
                                --------------
         (Former name or former address, if changed since last report)














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ITEM 5.  OTHER EVENTS.
         ------------

      On June 20, 2000, Grand Central Financial Corp. (the "Company"),  issued a
press release which reported the declaration of a cash dividend payable July 14,
2000 to stockholders of record at the close of business on June 30, 2000.

      A press release announcing the Company's declaration of a cash dividend is
attached as Exhibit 99.

ITEM 7.  FINANCIAL STATEMENTS AND OTHER EXHIBITS.
         ---------------------------------------

      Exhibit 99    Press Release dated June 20, 2000













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                                  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 20, 2000              By: /s/William R. Williams
                                        -------------------------------------
                                        William R. Williams
                                        President and Chief Executive Officer












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