FSF FINANCIAL CORP
8-K, 1996-12-03
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)
                                December 2, 1996



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



        Minnesota                  0-24648            41-1783064
- ----------------------------    --------------      -------------
(State or other jurisdiction    (SEC File No.)      (IRS Employer
     of incorporation)                             Identification
                                                       Number)


201 Main Street South, Hutchinson, MN                55350-2573
- ----------------------------------------             ----------
(Address of principal executive offices)             (Zip Code)



Registrant's telephone number, including area code: (320) 234-4500
                                                    --------------


                                 Not Applicable
- --------------------------------------------------------------------------------
          (Former name or former address, if changed since last Report)


<PAGE>



                               FSF FINANCIAL CORP.

                      INFORMATION TO BE INCLUDED IN REPORT
                      ------------------------------------



Item 5.  Other Events
         ------------

     FSF Financial  Corp.,  Hutchinson,  Minnesota,  ("Registrant")  the holding
company of First  Federal fsb,  announced  that it had  received  the  necessary
approvals from the Office of Thrift Supervision  ("OTS") necessary to repurchase
up to an additional 10% or 330,431 shares of the Corporation's  common stock. It
is anticipated that such shares of Common Stock will be purchased in open market
transactions from time to time during the next twelve months.

         A copy of a press release issued  December 2, 1996 by the Registrant is
attached  hereto as Exhibit 99 and is  incorporated  herein by  reference in its
entirety.


<PAGE>



Item 7.   Financial Statements, Pro Forma Financial
          Information and Exhibits
          -----------------------------------------

         (c)      Exhibits:

                  99       Press Release dated December 2, 1996.


<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
undersigned, thereunto duly authorized.

                                          FSF FINANCIAL CORP.

Date: December 2, 1996                    By: /s/ Richard H. Burgart
      ----------------                        -----------------------
                                              Richard H. Burgart
                                              Chief Financial Officer





                                   EXHIBIT 99

FSF Financial Corp.       Contact:  Donald A. Glas, Chief Executive Officer
Hutchinson, Minnesota               (320) 234-4500
                                    George B. Loban, President
                                    (320) 234-4500
                                    Richard H. Burgart, Chief Financial Officer
                                    (320) 234-4500

                                    For Immediate Release
                                    December 2, 1996


                          FSF FINANCIAL CORP. ANNOUNCES
                    Regulatory Approval for Stock Repurchase

         Hutchinson,  Minnesota  - December 2, 1996 --  (NASDAQ:FFHH)  Donald A.
Glas, Chief Executive Officer of FSF Financial Corp., Hutchinson, Minnesota, the
holding  company of First Federal fsb,  announced today that it had received the
necessary  approvals from the Office of Thrift Supervision  ("OTS") necessary to
repurchase  up to an  additional  10% of the  Corporation's  Common  Stock.  The
Corporation may purchase up to 330,431 shares of Common Stock. It is anticipated
that such shares of Common Stock will be  purchased in open market  transactions
from time to time during the next twelve  months,  subject to the  discretion of
management pursuant to the terms of the stock repurchase plan.

         First  Federal  fsb  is  a   federally-chartered   stock  savings  bank
headquartered in Hutchinson,  Minnesota.  The Bank has eleven offices located in
Hutchinson (2), Hastings,  Apple Valley, Buffalo,  Glencoe, Inver Grove Heights,
Litchfield,  Waconia,  Waite Park and  Winthrop,  Minnesota.  The  deposits  are
federally-insured  by the Federal Deposit Insurance  Corporation.  The Bank is a
community-oriented,  full service retail savings bank. The Corporation's  common
stock is traded in the  over-the-counter  market on the NASDAQ  National  Market
System under the symbol "FFHH."




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