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 as specified in its charter)
PENNSYLVANIA 0-19345 25-1659846
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
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)
NOT APPLICABLE
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(Former name, former address and former fiscal year, if changed since last
report)
Exhibit Index appears on page 2.
<PAGE>
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 18, 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 June 18, 1997.
<PAGE>
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 18, 1997 By: /S/ CHARLOTTE A. ZUSCHLAG
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Charlotte A. Zuschlag
President and Chief Executive Officer
(Principal Executive Officer)
EXHIBIT 99
PRESS RELEASE
<PAGE>
PENNFIRST BANCORP, INC.
600 Lawrence Avenue
Ellwood City, Pennsylvania 16117
412/758-5584
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PRESS RELEASE
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RELEASE DATE: CONTACT:
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June 18, 1997 Frank D. Marz
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 17, 1997 declared a quarterly cash dividend of $.09 on
the Common Stock of PennFirst Bancorp, Inc. payable on July 25, 1997 to the
stockholders of record at the close of business on June 30, 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 March 31, 1997. The Company
recognized net income for the three month period ended March 31, 1997 of $1.1
million or $.29 per share. This announcement reflects the Company's policy of
declaring a regular quarterly cash divedend of $.09 per share, which
represents the twenty-eighth 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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