CKF BANCORP INC
8-K, 1997-01-23
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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<PAGE>
 
                      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 16, 1997


                               CKF Bancorp, Inc.
                               ----------------
            (Exact name of Registrant as specified in its Charter)


          Delaware                         0-25180                61-01267810
- ----------------------------            --------------          ----------------
(State or other jurisdiction            (SEC File No.)          (IRS Employer ID
     of incorporation)                                               Number)

340 West Main Street, Danville, Kentucky                             40422
- ----------------------------------------                        ----------------
(Address of principal executive offices)                           (Zip Code)


Registrant's telephone number, including area code: (606)  236-4181
                                                    ---------------


                                Not Applicable
         -------------------------------------------------------------
         (Former name or former address, if changed since last Report)
<PAGE>
 
                               CKF BANCORP, INC.

                     INFORMATION TO BE INCLUDED IN REPORT


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

The Registrant announced that on January 14, 1997, the Board of Directors 
declared a cash dividend of $.22 per share to all shareholders of record on 
January 28, 1997 payable on February 10, 1997.

The Board also declared a special dividend of $1.00 per share to all 
shareholders of record on January 29, 1997, payable on February 11, 1997.

For further details, reference is made to the Press Release dated January 16, 
1997, which is attached hereto as Exhibit 99 and incorporated herein by 
reference.

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

Exhibit 99 -- Press Release dated January 16, 1997
- ----------

<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.

                                       CKF BANCORP, INC.


Date:  January 16, 1997                By: /s/ John H. Stigall
                                           -------------------------
                                               John H. Stigall
                                       President and Chief Executive Officer

<PAGE>
 
                                                                      EXHIBIT 99

                [LETTERHEAD OF CKF BANCORP, INC. APPEARS HERE]

                                 PRESS RELEASE

FOR IMMEDIATE RELEASE
Date:  January 16, 1997
Contract:  John Stigall
Phone:  (606) 236-4181
Fax:    (606) 236-4363


                              CKF BANCORP, INC.,
                      CASH DIVIDEND AND SPECIAL DIVIDEND

Danville, Kentucky -- John H. Stigall, President and Chief Executive Officer of 
CKF Bancorp, Inc. (the "Corporation"), Danville, Kentucky, the holding company 
of Central Kentucky Federal Savings Bank of Danville (the Bank), announced today
the Corporation's Board of Directors declared a semiannual cash dividend of $.22
per share to all shareholders of record on January 29, 1997, payable on February
10, 1997. Subject to the Corporation's earnings and capital, it is the current 
intention of the Corporation to continue to pay regular semiannual cash 
dividends.

Mr. Stigall also announced that the Corporation's Board of Directors declared a 
special cash dividend of $1.00 per share to all shareholders of record on 
January 29, 1997, payable on February 11, 1997.

Mr. Stigall indicated that the cash dividends were being paid as a result of 
continued profitability of the Corporation and its wholly owned subsidiary, the 
Bank. He also stated that any future special cash dividend, if any, would be at 
the sole discretion of the Corporation's Board of Directors.

The Bank is a federally chartered stock savings bank headquartered in Danville 
Kentucky. The Bank's deposits are federally insured by the Federal Deposit 
Insurance Corporation ("FDIC"). The Corporation's common stock is quoted in the 
Nasdaq Small-Cap Issues under the symbol "CKFB."


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