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):
December 23, 1996
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 December 23, 1996, First Mutual Bancorp, Inc. (the
"Registrant") announced that it had amended its Bylaws to
require: (i) that each director of the Registrant own at least
500 shares of common stock of the Registrant and be domiciled in
the market area of the Registrant's savings bank subsidiary for
at least 24 months prior to such person being nominated for
election to the Board of Directors of the Registrant; and (ii)
that a stockholder give the Registrant notice at least 120 days
in advance of the date of the Registrant's proxy statement
released to security holders in connection with the previous
year's annual meeting of stockholders (except for the 1997 annual
meeting of stockholders where notice must be given at least 120
days prior to the date of the annual meeting) in order to present
any proposal for stockholder action at an annual meeting.
The Registrant also announced its 1997 annual meeting will
be held on April 24, 1997.
For further information, reference is made to the
Registrant's Press Release dated December 23, 1996, which is
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 release dated December 23,
1996.
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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: January 2, 1997 By: /s/ Paul K. Reynolds
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Paul K. Reynolds, President
and Chief Executive Officer
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FIRST MUTUAL BANCORP, INC.
For Immediate Release
Contact: Paul K. Reynolds
President and Chief
Executive Officer
(217) 429-2306
FIRST MUTUAL BANCORP, INC.
AMENDS BYLAWS
December 23, 1996, Decatur, Illinois--Paul K. Reynolds,
President and Chief Executive Officer of First Mutual Bancorp,
Inc., the holding company for First Mutual Bank, S.B., announced
today that the Company had amended its bylaws to, among other
things, facilitate the orderly consideration of stockholder
proposals. Specifically, the amendments to the bylaws require:
(i) that each director of the Company own at least 500 shares of
common stock of the Company and be domiciled in the Bank's market
area for at least 24 months prior to such person being nominated
for election to the Board of Directors of the Company; and (ii)
that a stockholder must give the Company notice at least 120 days
in advance of the date of the Company's proxy statement released
to security holders in connection with the previous year's annual
meeting of stockholders (except for the 1997 annual meeting of
stockholders where notice must be given at least 120 days prior
to the date of the annual meeting) in order to present any
proposal for stockholder action at the annual meeting. The
Company's 1997 annual meeting is scheduled for April 24, 1997.
First Mutual Bancorp, Inc. is the holding company for First
Mutual Bank, S.B., a bank with seven offices located in central
Illinois. The Company's common stock is traded on the NASDAQ
National Market System under the symbol "FMBD".
