FIRST MUTUAL BANCORP INC
10-C, 1996-08-14
SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED
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Form 10-C

Securities and Exchange Commission
Washington, DC 20549

Report by issuer of securities quoted on The Nasdaq Stock Market/SM/, filed
pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 and Rule
13a-17 or 15d-17 thereunder.
 
Exact name of issuer as specified in charter: First Mutual Bancorp, Inc.
                                              ---------------------------------
 
Address of principal executive offices: 135 East Main Street. 
                                        Decatur, Illinois 62523
                                        ---------------------------------------
 
Issuer's telephone number (including area code): (217) 429-2306
                                                 ------------------------------
 
I. Change in Number of Shares Outstanding
Indicate any change (increase or decrease) of five percent or more in
the number shares outstanding.
 
1. Title of security  Common Stock, $.10 per share par value
                      ---------------------------------------------------------
 
2. Number of shares outstanding before the change  4,700,000
                                                   ----------------------------
 
3. Number of shares outstanding after the change  4,390,000
                                                  -----------------------------
 
4. Effective date of change  August 2, 1996
                             --------------------------------------------------
 
5. Method of change   Purchase
                      ---------------------------------------------------------
Specify method (such as merger, acquisition, exchange, distribution, stock
split, reverse split, acquisition of stock for treasury, etc.)  
   
Acquisition of stock for Treasury
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Give brief description of transaction  

Company repurchased additional outstanding shares resulting
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in a decrease of more than five percent of the shares outstanding.

II. Change in Name of Issuer
 
1. Name prior to change  N/A
                         ------------------------------------------------------
 
2. Name after change  N/A
                      ---------------------------------------------------------
 
3. Effective date of charter amendment changing name  N/A
                                                      -------------------------
 
4. Date of shareholder approval of change, if required  N/A
                                                        -----------------------
 
August 13, 1996   /s/ G. Lynn Brinkman   Vice President and Secretary/Treasurer
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Date              Officer's signature and title
 


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