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): April 22, 1997
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 April 22, 1997, First Financial Corporation (the "Company")
announced a second 5% stock repurchase program. A copy of the
Company's announcement is attached as 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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(Registrant)
By /s/ John C. Seramur
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John C. Seramur
President and Chief
Executive Officer
Dated: April 22, 1997
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EXHIBIT INDEX
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EXHIBIT
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28 Press release regarding stock repurchase program announcement.
EXHIBIT 28
Thomas H. Neuschaefer
(715) 345-4427
Kenneth F. Csinicsek
(715) 345-4352
FIRST FINANCIAL CORPORATION ANNOUNCES SECOND
STOCK REPURCHASE PROGRAM
Stevens Point, Wisconsin, April 22, 1997... First Financial Corporation
(NASDAQ/NMS: FFHC) announced today that it intends to repurchase up to 1,850,000
shares (approximately 5%) of its outstanding common stock from time to time
through March 31, 1998 in open market and privately negotiated transactions.
The company's first repurchase program recently expired. A total of
approximately 1.4 million shares, or 75% of the amount authorized, were
repurchased during the first program. These share repurchases represent
approximately 3.8% of the shares outstanding at the onset of that program.
John C. Seramur, First Financial's president and chief executive officer stated:
"Our Board of Directors continues to consider First Financial stock to be an
attractive investment. Our objective in authorizing this second repurchase
program is to continue to increase the company's earnings per share and return
on shareholders' equity."
First Financial, which presently has 36.2 million shares of common stock
outstanding, is headquartered in Stevens Point, Wisconsin. The principal
business of First Financial is the business of its banking subsidiary, First
Financial Bank. As of March 31, 1997, First Financial reported total assets of
$5.8 billion and stockholder's equity of $406 million. First Financial operates
128 consumer banking offices throughout Wisconsin and Illinois.
