FIRST CITIZENS FINANCIAL CORP
10-C, 1996-05-10
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    Form 10-C

                 REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
                          INTERDEALER QUOTATION SYSTEM

  Filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
                      and Rule 13a-17 or 15d-17 thereunder


                      First Citizens Financial Corporation
- --------------------------------------------------------------------------------
                 (Exact name of issuer as specified in charter)


                   22 Firstfield Road, Gaithersburg, MD 20878
- --------------------------------------------------------------------------------
                    (Address of principal executive offices)


Issuer's telephone number, including area code            301-527-2400
                                              ----------------------------------


                    I. CHANGE IN NUMBER OF SHARES OUTSTANDING

Indicate any change (increase or decrease) of 5% or more in the number of shares
outstanding:

1.   Title of security       Common
                      ----------------------------------------------------------

2.   Number of shares outstanding before the change   2,650,551
                                                   -----------------------------

3.   Number of shares outstanding after the change      2,915,606
                                                  ------------------------------

4.   Effective date of change      May 3, 1996
                             ---------------------------------------------------

5.   Method of change:
     Specify method (such as merger, acquisition,  exchange, distribution, stock
     split, reverse split, acquisition of stock for treasury, etc.)   Stock
                                                                   -------------
     Dividend
     ---------------------------------------------------------------------------

     Give brief description of transaction   10% stock dividend  payable on
                                          --------------------------------------
     June 3, 1996 to stockholders of record on May 3, 1996.
     ---------------------------------------------------------------------------


                          II. CHANGE IN NAME OF ISSUER

1.   Name prior to change
                         -------------------------------------------------------


2.   Name after change
                      ----------------------------------------------------------


3.   Effective date of charter amendment changing name
                                                      --------------------------


4.   Date of shareholder approval of change, if required
                                                        ------------------------


Date   May 9, 1996                     Enos K. Fry, Vice Chairman & President
    --------------------            --------------------------------------------
                                           (Officer's signature & title)









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