GUTHRIE SAVINGS INC
8-K, 1999-01-14
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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
                                January 14, 1999
                               -------------------



                              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 of 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 January 14, 1999
- ----------


<PAGE>



                                   SIGNATURES


         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  the  report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                                   GUTHRIE SAVINGS, INC.



Date:  January 14, 1999            By:  /s/ William L. Cunningham     
                                        ------------------------------
                                        William L. Cunningham
                                        President






                                   EXHIBIT 99
<PAGE>


                                  Press Release



                                        Contact:  William L. Cunningham
                                                  (405) 282-2201


                                                  For Immediate Release
                                                  January 14, 1999


                              Guthrie Savings, Inc.
                                  Cash Dividend

         Guthrie,  Oklahoma  --  William  L.  Cunningham,  President  of Guthrie
Savings,  Inc. (the "Corporation"),  Guthrie,  Oklahoma,  the holding company of
Guthrie   Federal   Savings  Bank  (the  "Bank"),   announced   today  that  the
Corporation's  Board of Directors  has declared a special cash  dividend of $.50
per share to stockholders of record as of February 1, 1999, payable February 10,
1999.

         Mr.  Cunningham  indicated  that the cash  dividend  is being paid as a
result of continued  profitability  of the  Corporation and the Bank, its wholly
owned subsidiary. The payment of future dividends will be subject to the Board's
periodic review of the financial condition,  earnings,  and capital requirements
of the Company and the Bank.

         The  Bank  is  a  federally   chartered   stock   savings   association
headquartered in Guthrie, Oklahoma. The Bank's deposits are federally insured by
the Federal  Deposit  Insurance  Corporation  ("FDIC").  At December  31,  1998,
Guthrie Savings,  Inc. had total assets and stockholders'  equity of $46,338,652
and $7,343,024 respectively.

         The common stock of the  Corporation is traded in the  over-the-counter
market.



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