REPUBLIC LEASING INC
8-K12G3, 1996-04-17
LESSORS OF REAL PROPERTY, NEC
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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                     
                         Securities Exchange Act of 1934                        



        Date of Report (Date of earliest event reported):  April 1, 1996



                     Westar Financial Services Incorporated
                  (successor to Republic Leasing Incorporated)
             (Exact name of registrant as specified in its charter)



          Delaware                  2-95465-S                         91-1467823
- ----------------------------       -----------                        ----------
(State or other jurisdiction       (Commission                         (IRS EIN)
    of incorporation)              File Number)                                 




505 E. Union, #300, Olympia, Washington                                  98501  
- ----------------------------------------                              ----------
(Address of principal executive offices)                              (Zip Code)




Registrant's telephone number, including area code  (360) 754-6227



Republic Leasing Incorporated
- -------------------------------------------------------------
(Former name or former address, if changed since last report)


Item 2.  Acquisition or Disposition of Assets

On March 25, 1996, a majority of the shareholders of Republic Leasing
Incorporated ("Republic") approved the Plan and Agreement of Merger ("the Merger
Agreement") between Republic and Westar Financial Services Incoporated
("Westar"), a newly formed Washington state corporation.  The Agreement became
effective March 31, 1996.

Pursuant to the Merger Agreement, Republic was merged with and into Westar.  As
of the effective date of the Merger Agreement, the owner of each outstanding
share of common stock of Republic now owns one common share of Westar.
Similarly, the owner of each outstanding share of preferred stock of Republic
now owns one Westar preferred share of the corresponding series.  Each
outstanding certificate representing a Republic common or preferred share will
continue to represent the same classification and number of shares in Westar.
All outstanding warrants and options of Republic are now warrants and options of
the same tenor from Westar.


                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the regis-
trant has duly caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.


                                         Republic Leasing Incorporated
                                         (Registrant)




April 15, 1996                           C. L. Carlson, Vice President, Finance
(Date)                                   (Signature)



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