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)
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)
(412) 758-5584
(Registrant's telephone number, including area code)
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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 December 18, 1996, filed as Exhibit 1 to this
Form 8-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Not applicable.
(b) Not applicable.
(c) Exhibits.
1 Press release dated December 18, 1996.
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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: December 18, 1996 By:/s/ Charlotte A. Zuschlag
Charlotte A. Zuschlag
President & Chief Executive Officer
(Principal Executive Officer)
EXHIBIT 99
PRESS RELEASE
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P R E S S R E L E A S E
RELEASE DATE: CONTACT:
December 18, 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 December 17, 1996 declared a quarterly cash dividend of $.09
on the Common Stock of PennFirst Bancorp, Inc. payable on January 24, 1997 to
the stockholders of record at the close of business on December 31, 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 September 30, 1996. The Company
recognized net income for the three month period ended September 30, 1996 of
$1.1 million or $.27 per share, prior to the one-time special SAIF
Assessment. This announcement reflects the Company's policy of declaring a
regular quarterly cash dividend of $.09 per share, which represents the
twenty-sixth consecutive quarter of declaring such a dividend. This quarterly
cash dividend equates to an annual cash dividend of $.36 per share.
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