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):
February 5, 1997
First Mutual Bancorp, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0 -26184 37-1339075
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(State or other (Commission File No.) (I.R.S. Employer
jurisdiction of Identification No.)
Registrant's telephone number, including area code:
(217) 429-2306
Not Applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events
On February 5, 1997, First Mutual Bancorp, Inc. (the
"Registrant") announced the completion of the repurchase of
235,000 shares of Common Stock of the Registrant in open-market
purchases at an average purchase price of $15.19 per share. The
Registrant also announced its intention to commence a new stock
repurchase program to acquire up to 5% of its outstanding Common
Stock.
On February 10, 1997, the Registrant announced the
repurchase of 196,930 shares of its Common Stock in open-market
purchases at an average purchase price of $15.68 per share.
For further information, reference is made to the
Registrant's press releases dated February 5, 1997 and February
10, 1997, which are incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
The following Exhibit is filed as part of this report:
Exhibit 99.1 Registrant's press releases dated February 5
and February 10, 1997.
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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, hereunto duly authorized.
FIRST MUTUAL BANCORP, INC.
DATE: February 27, 1997 By: /s/ Paul K. Reynolds
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Paul K. Reynolds, President and
Chief Executive Officer
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FOR IMMEDIATE RELEASE
CONTACT: PAUL K. REYNOLDS
217-429-2306
FIRST MUTUAL BANCORP, INC.
COMPLETES STOCK REPURCHASE PROGRAM
AND ANNOUNCES INTENTION TO COMMENCE
NEW STOCK REPURCHASE PROGRAM
February 5, 1997, Decatur, Illinois -- Paul K. Reynolds,
President and Chief Executive Officer of First Mutual Bancorp,
Inc., announced today that the Company had completed its latest
stock repurchase program. The Company repurchased 235,000 shares
of Common Stock in open-market purchases at an average price of
$15.19 per share.
Mr. Reynolds also announced the Company's intention to
commence a new repurchase program to acquire up to 5% of its
outstanding common stock. Mr. Reynolds stated that the Company's
common stock remains an attractive investment, particularly in
view of the current price at which the common stock is trading
relative to the Company's earnings per share and book value per
share and market and economic conditions generally.
The repurchases generally will be effected through open
market purchases, and potentially, through unsolicited negotiated
transactions or other types of repurchases.
First Mutual Bancorp, Inc. is the holding company for First
Mutual Bank, S.B., a bank with twelve offices located in Central
Illinois. The Company's common stock is traded on the NASDAQ
market under the symbol "FMBD".
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FOR IMMEDIATE RELEASE
CONTACT: PAUL K. REYNOLDS
217-429-2306
FIRST MUTUAL BANCORP, INC.
COMPLETES STOCK REPURCHASE PROGRAM
February 10, 1997 Decatur, Illinois -- Paul K. Reynolds,
President and Chief Executive Officer of First Mutual Bancorp,
Inc., announced today that the Company had completed its stock
repurchase program. The Company repurchased 196,900 shares of
Common Stock in open-market purchases at an average price of
$15.68 per share.
First Mutual Bancorp, Inc. is the holding company for First
Mutual Bank, S.B., a bank with twelve offices located in Central
Illinois. The Company's common stock is traded on the NASDAQ
market under the symbol "FMBD".
