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 report): June 25, 1996
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Glenway Financial Corporation
______________________________________________________________
(Exact name of registrant as specified in its charter)
Delaware 0-18664 31-1297820
________________ ____________ ___________________
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
4221 Glenway Avenue, Cincinnati, OH 45205
________________________________________ __________
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (513) 921-5505
Exhibit Index on Page 2
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Item 5. Other Events
On June 25, 1996, the boards of directors of Glenway Financial
Corporation ("GFC") and its wholly-owned subsidiary, Centennial Savings Bank
("CSB"), announced the hiring of Robert R. Sudbrook as President and Chief
Executive Officer of GFC and CSB effective approximately August 1, 1996. Edgar
A. Rust, who has served as President and Chief Executive Officer of GFC and
CSB since the death of Dennis E. Betz in December 1995, will continue as a
director of GFC and CSB and will remain active in day-to-day operations during
a transition period.
Exhibit Index
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99 Press Release dated June 25, 1996
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<PAGE>
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.
GLENWAY FINANCIAL CORPORATION
(Registrant)
Edgar A. Rust
______________________________________
Edgar A. Rust, President
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Exhibit 99
GLENWAY FINANCIAL CORPORATION
4221 Glenway Avenue, Cincinnati, Ohio 45205 (513)921-5505
FOR MORE INFORMATION CONTACT FOR IMMEDIATE RELEASE
EDGAR A. RUST JUNE 25, 1996
PRESIDENT & CHIEF
EXECUTIVE OFFICER
CENTENNIAL SAVINGS BANK
GLENWAY FINANCIAL CORPORATION
513-921-5505
The Boards of Directors of Glenway Financial Corporation and its
subsidiary, Centennial Savings Bank, today announced the hiring of Robert R.
Sudbrook as Chief Executive Officer and President of Glenway Financial and
Centennial Savings. Mr. Sudbrook will join Glenway and Centennial
approximately August 1, 1996. Edgar A. Rust, who had been serving as President
and Chief Executive Officer since the death in December, 1995 of Dennis E.
Betz, will remain active in day-to-day operations during the transition
period, after which he will continue his service on the Boards of Directors of
Glenway and Centennial.
Mr. Sudbrook, 53, has over 27 years overall experience in the banking
industry, 18 years as C.E.O. He served most recently as President and Chief
Executive Officer of North Side Bank and Trust Company, a $235 million asset
bank in Cincinnati, Ohio.
Speaking on behalf of the Boards of Directors, Mr. Rust commented "We
are delighted that Bob Sudbrook has accepted our offer to join Glenway and
Centennial. With his banking experience in the Cincinnati market, we believe
Bob is ideally suited to carry on Centennial's tradition of customer-oriented
community banking and to lead Glenway and Centennial in pursuing the
opportunities and meeting the challenges of the banking industry as we
approach the twenty-first century."
At March 31, 1996, Glenway Financial reported total assets of $274
million and total stockholders' equity of $26 million, and its subsidiary,
Centennial Savings, is the second largest savings bank headquartered in
Hamilton County, Ohio. The common stock of Glenway Financial is publicly
traded on the Nasdaq National Market under the symbol "GFCO".
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