FIRST CENTRAL FINANCIAL CORP, 8-K, 1997-07-08

FIRST CENTRAL FINANCIAL CORP
8-K, 1997-07-08
FIRE, MARINE & CASUALTY INSURANCE
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE

                       THE SECURITIES EXCHANGE ACT OF 1934

          Date of Report (Date of earliest event reported)     July 3, 1997

                       FIRST CENTRAL FINANCIAL CORPORATION
               (Exact Name of Registrant as Specified in Charter)
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<S>                                              <C>                                    <C>
           NEW YORK                             1-9138                              11-2648222
(State or Other Jurisdiction of        (Commission File Number)        (I.R.S. Employer Identification Number)
        Incorporation)
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                                266 MERRICK ROAD
                            LYNBROOK, NEW YORK 11563
               (Address of Principal Executive Offices) (Zip Code)

        Registrant's telephone number, including area code (516) 593-7070


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ITEM 5. OTHER EVENTS

        Pursuant to Paragraph F of the General Instructions to Form 8-K, the
Registrant hereby incorporates by reference herein the press release issued by
the Registrant on July 3, 1997, which is attached hereto as Exhibit 99.

ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

        (C)    EXHIBITS

               Exhibit       Description

               99            Press release, dated July 3, 1997


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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 CENTRAL FINANCIAL CORPORATION

July 7, 1997                 By:  /s/ANDREW W. ATTIVISSIMO
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                                       Andrew W. Attivissimo
                                       Chairman, Chief Executive Officer,
                                          President and Chief Operating Officer







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                                  EXHIBIT INDEX

Exhibit                                          Description

  99                             Press release, dated July 3, 1997






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                                                                      EXHIBIT 99

                                  PRESS RELEASE

FOR IMMEDIATE RELEASE
July 3, 1997

First Central Financial Corporation (AMEX-FCC) of Lynbrook, New York and Connor
Clark Ltd. of Toronto, Canada announced today that the parties have agreed to
discontinue discussions concerning an investment by Connor Clark Ltd. in First
Central. First Central continues to conduct discussions with other qualified
investors to help implement the company's turnaround plans.

For further information, call Andrew Attivissimo at (516) 593-7070.