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.
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(Exact name of registrant specified in its charter)
Pennsylvania 0-19345 25-1659846
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(State or other jurisdiction (Commission File Number) (I.R.S. Employer
incorporation or organization) Indentification
Number)
600 Lawrence Avenue
Ellwood City, Pennsylvania 16117
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(Address of principal executive offices) (Zip Code)
(412) 758-5584
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(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 17, 1997, 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 17, 1997.
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PennFirst Bancorp, Inc.
Form 8-K
Page 3
SIGNATURES
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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 17, 1997 By:/s/ Charlotte A. Zuschlang
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Charlotte A. Zuschlag
President & Chief Executive Officer
(Principal Executive Officer)
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P R E S S R E L E A S E
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RELEASE DATE: CONTACT:
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December 17, 1997 Frank D. Martz
Senior Vice President
of Operations and Secretary
(412) 758-5584
PENNFIRST BANCORP, INC. ANNOUNCES CASH DIVIDEND
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PennFirst Bancorp, Inc. announced today that its Board of Directors
at its meeting on December 16, 1997 declared a quarterly cash dividend
of $.09 on the Common Stock of PennFirst Bancorp, Inc. payable on January
23, 1998 to the stockholders of record at the close of business on December
31, 1997.
PennFirst Bancorp, Inc. is the parent Holding Company of ESB Bank,
F.S.B. and Troy Hill Federal Savings Bank.
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, 1997. The
Company recognized net income for the three month period ended September
30, 1997 of $1.4 million or $.27 per share. This announcement reflects
the Company's policy of declaring a regular quarterly cash dividend of $.09
per share, which represents the thirtieth 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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