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ITEM 2.
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On July 1, 1998, pursant to the Agreement and Plan of
Reorganization (the "Agreement"), dated December 30, 1997, with
Lewistown Trust Company ("Lewistown"), Lewistown was merged with
and into The Juniata Valley Bank, a Pennsylvania banking
institution and wholly owned subsdiary of the Juniata Valley
Financial Corp. in a transaction accounted for as a pooling of
interests.
The Corporation will exchange one (1) share of its common
stock for each share of Lewistown common stock outstanding in a
tax-free exchange.
At December 31, 1997, Juniata Valley Financial Corp and its
subsidiary had total consolidated assets, deposits, net loans and
shareholders' equity of approximately $221 million, $189 million,
$136 million and $29 million, respectively. Also at December 31,
1997, Lewistown had total assets, deposits, net loans and
shareholders' equity of approximately $112 million, $96 million,
$55 million and $14 million, respectively.
ITEM 7.
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To be filed by amendment not later than September 14, 1998.
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SIGNATURES
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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.
JUNIATA VALLEY FINANCIAL CORP.
Date: July 10, 1998 By ___________________________
A. Jerome Cook, President
Chairman and CEO
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EXHIBIT INDEX
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Exhibit Number
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23.1* Consent of Beard & Company, Inc.
27.1* Financial Data Schedule
99.1* Financial Statements
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* To be filed by amendment.
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