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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.
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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) 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
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The information to be reported herein is incorporated by
reference from the press release, dated March 18, 1998, filed as
Exhibit 1 to this Form 8-K.
Item 7. Financial Statements and Exhibits
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(a) Not applicable.
(b) Not applicable.
(c) Exhibits.
1 Press release dated March 18, 1998.
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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 18, 1998 By:/s/ Charlotte A. Zuschlag
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Charlotte A. Zuschlag
President & Chief Executive Officer
(Principal Executive Officer)
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EXHIBIT 99
PRESS RELEASE
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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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March 18, 1998 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 March 17, 1998 declared a quarterly cash dividend of $.09 on the
Common Stock of PennFirst Bancorp, Inc. payable on April 24, 1998 to the
stockholders of record at the close of business on March 31, 1998.
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 December 31, 1997. The Company
recognized net income for the three month period ended December 31, 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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