PENNFIRST BANCORP INC
8-K, 1996-06-19
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



                           PENNFIRST BANCORP, INC.
   -----------------------------------------------------------------------

             (EXACT NAME OF REGISTRANT SPECIFIED IN ITS CHARTER)


<TABLE>
<S>                                                           <C>

       PENNSYLVANIA                        0-19345                  25-1659846       
- ------------------------------     ------------------------   -----------------------
(STATE OR OTHER JURISDICTION       (COMMISSION FILE NUMBER)      (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION)                                 IDENTIFICATION NUMBER)




600 LAWRENCE AVENUE
ELLWOOD CITY, PENNSYLVANIA                                             16117          
- ----------------------------------------                      -----------------------
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)                             (ZIP CODE)
</TABLE>




                                (412) 758-5584
- --------------------------------------------------------------------------------
             (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)

<PAGE>   2
PennFirst Bancorp, Inc.
Form 8-K
Page 2

ITEM 5.       OTHER EVENTS

         The information to be reported herein is incorporated by reference
from the press release, dated June 19, 1996, filed as Exhibit 99 to this Form
8-K.

ITEM 7.       FINANCIAL STATEMENTS AND EXHIBITS

                          (a)     Not applicable.

                          (b)     Not applicable.

                          (c)     Exhibits.

                                  99       Press release dated June 19, 1996.
<PAGE>   3
PennFirst Bancorp, Inc.
Form 8-K
Page 3

                                   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.


                                           PENNFIRST BANCORP, INC.
                                                 (Registrant)
                                      
                                      
                                      
Date: June 19, 1996                        By:/s/ Charlotte A. Zuschlag
      -------------                           -------------------------
                                           Charlotte A. Zuschlag
                                           President & Chief Executive Officer
                                           (Principal Executive Officer)


<PAGE>   1





                                   EXHIBIT 99

                                 PRESS RELEASE

<PAGE>   2


===============================================================================

                          P R E S S   R E L E A S E
                                                                             
===============================================================================



RELEASE DATE:                                      CONTACT:
- -------------                                      --------

June 19, 1996                                      Frank D. Martz
                                                   Senior Vice President
                                                   of Operations and Secretary
                                                   (412) 758-5584



                PENNFIRST BANCORP, INC. ANNOUNCES CASH DIVIDEND

         PennFirst Bancorp, Inc. announced today that its Board of Directors at
its meeting on June 18, 1996 declared a quarterly cash dividend of $.09 on the
Common Stock of PennFirst Bancorp, Inc. payable on July 25, 1996 to the
stockholders of record at the close of business on June 30, 1996.

         PennFirst Bancorp, Inc. is the parent Holding Company of ESB Bank,
F.S.B.

         In announcing the scheduled cash dividend, Charlotte A. Zuschlag,
President and Chief Executive Officer, noted the Company's favorable results of
operations for the three months ended March 31, 1996.  The Company reported net
income for the three month period ended March 31, 1996 of $1,015,000 or $.25 a
share.  This announcement reflects the Company's policy of declaring a regular
quarterly cash dividend of $.09 per share, which represents the twenty-fourth
consecutive quarter of declaring such a dividend. This quarterly cash dividend
equates to an annual cash dividend of $.36 per share.



                                     -End-


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