OHSL FINANCIAL CORP
8-K, 1998-03-13
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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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


           Date of Report (Date of earliest event reported)
                            March 5, 1998


                       OHSL FINANCIAL CORP.                        
    
       (Exact name of Registrant as specified in its Charter)

Delaware                      0-20886            31-1362390
(State or other jurisdiction (Commission         (IRS Employer
of incorporation)             File No.)      Identification
Number)


5889 Bridgetown Road, Cincinnati, Ohio               45348-3199
(Address of principal executive offices)              (Zip Code)


Registrant's telephone number, including area code: (513) 574-3322


                                 N/A
(Former name or former address, if changed since last report)


Item 5.  Other Events

On March 5, 1998, the Registrant issued a press release announcing
its quarterly dividend of $0.22 per share, payable on shares held
on the record date of March 31, 1998.

Item 7.  Financial Statements and Exhibits

(a)  Exhibits

99.1  Press release, dated March 5, 1998.

                           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.

                                      OHSL FINANCIAL CORP.


Date: March 9, 1998       By:    /s/ Kenneth L. Hanauer                      
                                     Kenneth L. Hanauer
                                     President and Chief
                                      Executive Officer


                        EXHIBIT 99.1
Headline: OHSL FINANCIAL ANNOUNCES QUARTERLY DIVIDEND
          -------------------------------------------

TEXT:     Cincinnati, Ohio, March 5, 1998 - OHSL Financial Corp.
          (NASDAQ: OHSL), the parent company of Oak Hills Savings and
          Loan Company, F.A., announced today that it will pay a
          quarterly cash dividend of $0.22 per share.  This cash
          dividend, OHSL's nineteenth consecutive quarterly dividend,
          will be payable on April 15, 1998 to shareholders of record
          of March 31, 1998.  OHSL recently declared a 2-for-1 stock
          split, with a payable date of April 6, 1998.  The above
          stock dividend of $0.22 is on a pre-split basis and is
          payable on shares held on the record date of March 31, 1998.

     According to Kenneth L. Hanauer, President and Chief
     Executive Officer of OHSL Financial Corp., "It remains our
     intent to provide our stockholders with a competitive return
     on their investment, and our strong dividend is a major
     component in this effort.  Our financials reflect a stable
     track record in the area of net interest income, and our
     stock price reflects both our own efforts as well as the
     general good health of the American economy.  We are
     optimistic that 1998 will be a solid year for OHSL, and the
     current dividend declaration by our Board of Directors
     reflects their confidence in our future."

     OHSL Financial Corp. Is a unitary thrift holding company
     which owns 100% of the common stock of Oak Hills Savings and
     Loan Company, F.A.  Oak Hills operates five full-service
     banking locations in the western Cincinnati/Hamilton County,
     Ohio area.

     For further information, please contact: Patrick J. Condren,
     CFO at (513) 574-3322.

     


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