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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)
November 14, 1996
WESTERN OHIO FINANCIAL CORPORATION
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(Exact name of Registrant as specified in its Charter)
Delaware 0-24120 31-1403116
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation) No.)
28 East Main Street, Springfield, Ohio 45501-0719
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Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:(513) 325-4683
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Item 5. Other Events
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On November 14, 1996, Western Ohio Financial Corporation ("Western
Ohio") issued the attached press release announcing the consummation of the
acquisition of Seven Hills Financial Corporation, Cincinnati, Ohio.
Item 7. Financial Statements and Exhibits.
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(c) Exhibits.
The Exhibit listed on the accompanying Exhibit Index is
filed as part of this Report and is incorporated herein by
reference.
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SIGNATURE
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.
WESTERN OHIO FINANCIAL CORPORATION
Date: November 14, 1996 By:/s/ C. WILLIAM CLARK
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C. William Clark
President and Chief Executive
Officer
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EXHIBIT INDEX
Exhibit
Number Description
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99 Press release dated November 14, 1996
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PRESS RELEASE FOR IMMEDIATE RELEASE
Contact: C. William Clark
President and CEO
Telephone: (937) 327-1112
Western Ohio Financial Corporation
Acquires Seven Hills Financial Corporation
Springfield, Ohio, November 14, 1996 - Western Ohio Financial Corporation
(NASDAQ: WOFC) announced today that it acquired the Seven Hills Corporation,
Cincinnati, Ohio November 12. At the closing, 534,357 shares of Seven Hills
stock were purchased in cash, for $19.69782 each, for a combined value of
$10.52 Million.
Seven Hills Savings Association, a subsidiary of Seven Hills Financial
Corporation, will operate as a subsidiary of Western Ohio Financial
Corporation.
With this acquisition, Western Ohio Financial Corporation, holding company for
Springfield Federal Savings Bank with six full service offices in Clark and
Greene Counties, expanded its operations in the Cincinnati, Ohio area.
Western Ohio also owns Mayflower Federal Savings Bank in the Cincinnati, Ohio
area.
At September 30, 1996, Western Ohio Financial Corporation had assets of $347.7
Million, liabilities of $29.5 Million, and shareholders equity of $53.2
Million. The transaction was accounted for as a purchase.
According to C. William Clark, President and Chief Executive Officer, "Western
Ohio Financial Corporation conducted this transaction with a commitment to
continuing and expanding its high standard of service to the financial needs
of the Cincinnati, Ohio area."
