SHO ME FINANCIAL CORP
8-K, 1996-06-13
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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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)
                          June 13, 1996



                       SHO-ME FINANCIAL CORP.                     
- - -----------------------------------------------------------------
      (Exact name of Registrant as specified in its Charter)



                                                        
   Delaware                   0-24084                43-1676367   
- - -----------------------------------------------------------------
(State or other         (Commission File No.)      (IRS Employer
 jurisdiction of                                   Identification
 incorporation)                                        Number)




109 North Hickory, Mount Vernon, Missouri             65712-1004  
- - -----------------------------------------------------------------
(Address of principal executive offices)               (Zip Code)




Registrant's telephone number, including area code:(417) 466-2171
- - -----------------------------------------------------------------



                               N/A                               
- - -----------------------------------------------------------------
(Former name or former address, if changed since last report)
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Item 5.  Other Events
- - ---------------------

     On May 31, 1996, the Registrant issued the attached press
release announcing a completion of stock repurchase program.


Item 7.  Financial Statements and Exhibits
- - ------------------------------------------

     (a)  Exhibits

          99.1  Press release, dated May 31, 1996.
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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 thereunto duly authorized.


                                   SHO-ME FINANCIAL CORP.




Date:   June 13, 1996              By: /s/ RAYMOND G. MERRYMAN 
        -------------                  -----------------------
                                       Raymond G. Merryman
                                       President and Chief 
                                        Executive Officer



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FOR IMMEDIATE RELEASE              FOR ADDITIONAL INFORMATION
MAY 31, 1996                       CONTACT RAYMOND G. MERRYMAN
                                   (416) 466-2171


                 SHO-ME FINANCIAL CORP. ANNOUNCES
              COMPLETION OF STOCK REPURCHASE PROGRAM



Mt. Vernon, Missouri, May 31, 1996 - Sho-Me Financial Corp.
(NASDAQ: "SMFC") the Holding Company for 1st Savings Bank,
f.s.b., today announced it has completed the repurchase of
87,876 of its common shares or approximately 5% of its
outstanding common stock at an average price of $16.34 per
share.

Raymond G. Merryman, President of the corporation, indicated
that the repurchased shares will become treasury shares and
will be used for general corporate purposes.

At March 31, 1996, the corporation had $263.9 million in
assets and stockholder's equity of $31.6 million.



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