GUTHRIE SAVINGS INC
8-K, 1996-10-04
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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)
                                 October 4, 1996




                              Guthrie Savings, Inc.
- --------------------------------------------------------------------------------
             (Exact name of Registrant as specified in its Charter)




       Delaware                       0-24468               73-1452383
       --------                       -------               ----------
(State or other Jurisdiction       (SEC File No.)          (IRS Employer
    of incorporation)                                 Identification Number)




120 North Division, Guthrie, Oklahoma                          73044
- -------------------------------------                          -----
(Address of principal executive offices)                     (Zip Code)




Registrant's telephone number, including area code: (405) 282-2201
                                                    --------------  



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


<PAGE>



                             GUTHRIE SAVINGS, INC.

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

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



Exhibit 99 -- Press Release dated October 4, 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.


                                          GUTHRIE SAVINGS, INC.


Date: October 4, 1996                     By:   /s/William L. Cunningham
      ---------------                           ------------------------
                                                William L. Cunningham
                                                President





Guthrie Savings, Inc.               Contact:    William L. Cunningham, President
120 North Division                              (405) 282-2201
Guthrie, Oklahoma  73044

                                                        For Immediate Release
                                                        October 4, 1996

                              Guthrie Savings, Inc.
                    Authorization of Stock Repurchase Program

      Guthrie, Oklahoma -- October 4, 1996 -- Guthrie Savings, Inc., the holding
company of Guthrie  Federal  Savings Bank,  has  announced  that it has received
regulatory  authorization  to  repurchase  up to 69,023  shares of the Company's
common  stock.  Mr.  William L.  Cunningham,  President,  said the  Company  had
previously  been authorized by its Board of Directors to repurchase up to 15% of
its 464,901  outstanding shares of common stock but had been awaiting regulatory
authorization to initiate the repurchase program.

      The repurchases will be made in open-market  transactions,  subject to the
availability of stock.  Repurchased  shares will become  authorized but unissued
shares and will be utilized for general corporate and other purposes,  including
the issuances of shares in connection with the exercise of stock options.

      Guthrie Federal Savings Bank is  headquartered in Guthrie,  Oklahoma.  The
Bank's  deposits are insured up to maximum  legal limits by the Federal  Deposit
Insurance Corporation (FDIC).





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