FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 16, 1996
First Financial Corporation
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(Exact name of registrant as specified in its charter)
Wisconsin 0-11889 39-1471963
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1305 Main Street
Stevens Point, Wisconsin 54481
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(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (715) 341-0400
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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 October 16, 1996, First Financial Corporation (the "Company")
announced a 5% Stock repurchase program. A copy of the Company's
announcement of this program is attached at Exhibit 28 hereto and
incorporated by reference herein.
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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.
FIRST FINANCIAL CORPORATION
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(Regristrant)
By /s/ John C. Seramur
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John C. Seramur
President and Chief
Executive Officer
Dated: October 16, 1996
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EXHIBIT INDEX
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EXHIBIT
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28 Press release re announcement of stock repurchase program.
EXHIBIT 28
Thomas H. Neuschaefer
(715) 345-4427
Kenneth F. Csinicsek
(715) 345-4352
NEWS RELEASE:
FIRST FINANCIAL CORPORATION ANNOUNCES
STOCK REPURCHASE PROGRAM
STEVENS POINT, WISCONSIN, October 16, 1996 ... First Financial Corporation
(NASDAQ/NMS: FFHC) announced today that it intends to repurchase up to 1,500,000
shares (approximately 5%) of its outstanding common stock from time to time over
the next 6 months in open market and privately negotiated transactions. Under
the Program no shares knowingly will be purchased from officers or directors of
First Financial or from persons who hold in excess of five percent of its
outstanding shares of common stock.
John C. Seramur, First Fincinal's President and Chief Executive Officer
stated: "The Board of Directors considers First Financial stock to be an
attractive investment. Its objective in authorizing the repurchase program is to
increase earnings per share and return on shareholder's equity of those shares
of First Financial stock that remain outstanding after the repurchases."
First Financial, which presently has 29,915,306 shares of common stock
outstanding, is headquarterd in Stevens Point, Wisconsin. The principal business
of First Financial is the business of its banking subsidiary, First Fincial
Bank. As of September 30, 1996, First Financial reported total assets of $5.6
billion and stockholders equity of $401 million. First Financial operates 128
consumer banking offices throughout Wisconsin and Illinois.
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