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
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(State or other jurisdiction (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification
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 March 19, 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 March 19, 1997.
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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: MARCH 19, 1997 By: /S/ CHARLOTTE A. ZUSCHLAG
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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:
March 19, 1997 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 March 18, 1997 declared a quarterly cash
dividend of $.09 on the Common Stock of PennFirst Bancorp, Inc.
payable on April 25, 1997 to the stockholders of record at the close
of business on March 31, 1997.
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 December 31, 1996. The Company
recognized net income for the three month period ended December 31, 1996
of $1.0 million or $.26 per share. This announcement reflects the Company's
policy of declaring a regular quarterly cash dividend of $.09 per share,
which represents the twenty-seventh 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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