UNITED STATES
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
AUGUST 7, 1997
Date of Report (Date of earliest event reported)
HARRINGTON FINANCIAL GROUP, INC.
(Exact name of registrant as specified in its charter)
INDIANA
(State or other jurisdiction of incorporation)
0-27940 48-1050267
(Commission File Number) (IRS Employer Identification No.)
722 EAST MAIN STREET, RICHMOND, IN 47374
(Address of principal executive offices) (Zip Code)
(765) 962-8531
(Registrant's telephone number, including area code)
NOT APPLICABLE
(Former name, former address and former fiscal year, if changed since last
report.)
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ITEM 5. OTHER EVENTS
On August 7, 1997, Harrington Financial Group, Inc. (the "Company"),
the holding company for Harrington Bank, FSB, announced that the Company's
Board of Directors approved the repurchase of up to 162,000 shares, or five
percent, of the Company's issued and outstanding common stock. The shares
for this repurchase program are anticipated to be purchased from time to
time over the next 12 months and will be used partially to fund the
Company's Employee Stock Ownership Plan for the fiscal year 1998. The
press release is included as an exhibit hereto and is incorporated by
reference herein.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Not applicable.
(b) Not Applicable.
(c) Exhibits:
99(a) Press Release, dated August 7, 1997
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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.
HARRINGTON FINANCIAL GROUP, INC.
Date: August 13, 1997 By: /S/CRAIG J. CERNY
Craig J. Cerny
President
Date: August 13, 1997 By: /S/CATHERINE A. HABSCHMIDT
Catherine A. Habschmidt
Chief Financial Officer and
Treasurer
Exhibit 99(a)
Press Release, dated August 7, 1997
<PAGE>
Harrington Financial Group, Inc.
NEWS RELEASE
Investor Contact: Catherine A. Habschmidt
722 East Main Street
Richmond, Indiana 47374
(765) 962-8531
HARRINGTON FINANCIAL GROUP APPROVES STOCK REPURCHASE PROGRAM
RICHMOND, INDIANA, August 7, 1997.....Harrington Financial Group, Inc.
(NASDAQ: HFGI), the holding company for Harrington Bank, FSB, approved
today a stock repurchase program of up to 5% (162 thousand shares) of the
3.2 million shares of stock outstanding and issued. Given the adequacy of
the firm's capital for its near term growth prospects, the December 1997
expiration of in-the-money options on the Company's stock, and the market
price of the Company's shares, the Board of Directors agreed to initiate
such a program. The shares for this repurchase program are anticipated to
be purchased from time to time over the next 12 months and will be used
partially to fund the Company's Employee Stock Ownership Plan for the
fiscal year 1998.
Harrington Financial Group, Inc. is a $447 million thrift holding company
headquartered in Richmond, Indiana, with full service facilities in
Richmond, Carmel, Fishers and Noblesville, Indiana.
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