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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
June 11, 1998
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(Date of earliest event reported)
ESB Financial Corporation
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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)
(724) 758-5584
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(Registrant's telephone number, including area code)
PennFirst Bancorp, Inc.
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(Former name or former address, if changed since last report)
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Item 5. Other Events
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Effective as of the close of business on June 11, 1998, the two wholly-owned
subsidiaries of ESB Financial Corporation, Ellwood City, Pennsylvania ("ESB
Financial") were merged together. Troy Hill Federal Savings Bank, Pittsburgh,
Pennsylvania, was merged with and into ESB Bank, F.S.B., Ellwood City,
Pennsylvania ("ESB Bank") with ESB Bank as the surviving institution (the
"Merger").
The press release issued by ESB Financial with respect to the Merger is
included as Exhibit 99 hereto.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99 Press Release dated June 12, 1998.
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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.
ESB FINANCIAL CORPORATION
Date: June 12, 1998 By:/s/ Charlotte A. Zuschlag
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Charlotte A. Zuschlag
President and Chief Executive Officer
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ESB FINANCIAL CORPORATION
Banking Operations:
ESB Bank
Troy Hill Bank
PRESS RELEASE
Release Date: Contact:
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June 12, 1998 Frank D. Martz
Senior Vice President
of Operations and Secretary
FOR IMMEDIATE RELEASE
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ESB FINANCIAL CORPORATION ANNOUNCES
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MERGER OF SUBSIDIARIES
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ELLWOOD CITY, PA, JUNE 12, 1998 - ESB Financial Corporation (Nasdaq: ESBF)
announced today the merger of its two subsidiary savings institutions. Effective
as of the close of business on June 11, 1998, Troy Hill Federal Savings Bank was
merged with and into ESB Bank, F.S.B., a federally chartered savings bank now
having assets of approximately $916 million and deposits of approximately $406
million. ESB Bank will operate eleven branch offices located in Southwestern
Pennsylvania.
"As initially planned, this merger gives us the opportunity to consolidate
operations and achieve certain economies of scale which were unavailable by
having the banks operating separately. Committed to providing superior customer
service, we are proud that this merger will introduce several product
enhancements and will not result in any staff reductions," said Charlotte A.
Zuschlag, President and CEO of ESB Financial Corporation and ESB Bank. Ms.
Zuschlag further noted, "toward our pledge of maintaining Troy Hill's community-
oriented tradition as a visible and supportive neighborhood partner, the Troy
Hill Office will now be known as Troy Hill Bank and operate as a division of
ESB Bank."
ESB Financial Corporation is the parent holding company of ESB Bank, F.S.B.,
which offers a wide variety of financial products and services through eleven
offices in the contiguous Pennsylvania counties of Lawrence, Allegheny, Beaver
and Butler. The common stock and trust preferred of the Company trade on the
Nasdaq stock market under the respective symbols "ESBF" and "ESBFP."
600 Lawrence Avenue - Ellwood City, PA 16117-1930 - 724.758.5584 - 724.758.0576
(Fax)
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