SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or (15) of the Securities Exchange Act of 1934
April 24, 1997
(Date of Report)
Commission File Number 33-53596
FC BANC CORP.
(Exact name or registrant as specified in its charter)
Ohio 34-1718070
(State or other Jurisdiction of (IRS Employer Identification Number)
incorporation or organization)
Farmers Citizens Bank Building
Box 567
Bucyrus, Ohio 44820
(419) 562-7040
(Address, including zip code, and telephone number, including area code,
of registrant's principal executive offices)
G. W. Holden, President and CEO
FC Banc Corp.
Farmers Citizens Bank Building
Box 567
Bucyrus, Ohio 44820
(419) 562-7040
(Name, address, including ZIP code, and telephone number,
including area code, of agent for service)
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ITEM 1. Not Applicable
ITEM 2. Not Applicable
ITEM 3. Not Applicable
ITEM 4. Not Applicable
ITEM 5. Other Events
Dear Shareholders:
At our recent Annual Meeting, we announced that unaudited net income for the
first quarter 1997 was $201,000 up $47,000 or 31% from the same period in 1996.
This is on budget and we are optimistic about the remainder of the year. I
want to share our mission statement with you. It is as follows:
serve the financial needs of our market area
provide a reasonable return to our shareholders
provide customers with quality products and outstanding service
so they may achieve their financial goals
provide career opportunities for our employees so they may
realize their potential
maintain the highest standards of professionalism with personal
and corporate integrity
Mr. Hord, Mr. Dostal, and Mrs. Stemen were re-elected Directors for three year
terms. The number of authorized shares was increased from 500,000 shares to
1,000,000 which would allow a future stock split, when and if approved by the
Board of Directors. The Stock Option and Incentive Plan was also approved
which aligns management and shareholders to enhance shareholder value.
An ambitious Business Plan has been developed by management and presented to
the Board. This plan establishes priorities, accountabilities and completion
dates. Our company has many opportunities before it from evaluating our
present facilities to more fully utilizing our state of the art "imaging"
technology. We are one of the few banks in our market area to offer this to
our customers.
During January and early February our deposits decreased about $2,000,000.
Our bank is very strong and has competitive rates. Please support your invest-
ment by supporting your bank with your business and referring your friends. We
have instituted a calling program. My staff and I are available to visit with
you at your business, home or at the bank. I am always available to meet with
you. My office is in our lobby on the Square so I can serve you.
Sincerely,
/S/ G. W. (Bill) Holden
G.W. "Bill" Holden
President/CEO
ITEM 6. Not Applicable
ITEM 7. Exhibit
Exhibit A - Press Release - April 24, 1997
ITEM 8. Not Applicable
<PAGE>
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 under-
signed hereunto duly authorized.
FC BANC CORP.
(Registrant)
Date: April 24, 1997 /S/ G. W. (Bill) Holden
______________ ________________________
G. W. (Bill) Holden
President and CEO
<PAGE>
EXHIBIT A
MEDIA RELEASE
FOR IMMEDIATE RELEASE
FARMERS CITIZENS BANK
CONTACT: G. W. (Bill) Holden
(419) 562-7040
EARNINGS INCREASE 31 PERCENT AT FARMERS CITIZENS BANK
BUCYRUS, Ohio, April 24 - Net earnings increased 31 percent at Farmers Citizens
Bank in the first quarter of 1997, it was reported today by Robert D. Hord,
Chairman of the Board, and G.W. (Bill) Holden, President and CEO.
The executives reported that unaudited net income increased to $201,000 compared
to $154,000 in first quarter 1996. These results were announced at today's
Annual Meeting of FC Banc Corp, parent of Farmers Citizens Bank. Director David
G. Dostal, Robert D. Hord, and Joan C. Stemen were re-elected to serve three
year terms. Following the meeting, Mr. Hord was re-elected as Chairman of the
Board.
