UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(b) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 22, 1996
LOGANSPORT FINANCIAL CORP.
(Exact name of registrant as specified in its charter)
INDIANA
(State of other jurisdiction of incorporation)
0-25910 35-1945736
(Commission File Number) (IRS Employer Identification No.)
723 East Broadway
Logansport, Indiana 46947
(Address of principal executive offices) (Zip Code)
Registrants telephone number, including area code: (219) 722-3855
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Item 5. Other Events.
Pursuant to General Instruction F to Form 8-K, the press release issued
October 22, 1996, concerning the Corporation's stock repurchase program is
attached hereto as Exhibit 1 and incorporated by reference herein.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit 1 - Press Release dated October 22, 1996.
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 hereunto duly authorized.
/s/ Thomas G. Williams
-----------------------------------------
Thomas G. Williams, President and
Chief Executive Officer
Dated: October 30, 1996
Exhibit 1
Press Release FOR IMMEDIATE RELEASE
Contact: Dottye Robeson
Chief Financial Officer
Phone: (219)722-3855
LOGANSPORT FINANCIAL CORP.
ANNOUNCES STOCK REPURCHASE PROGRAM
Logansport, Indiana (October 22, 1996). Logansport Financial Corp.
(NASDAQ Small Cap Market, LOGN), an Indiana corporation which is the holding
company for Logansport Savings Bank, FSB, a federal savings bank, announced
today that the Board of Directors has approved the repurchase, from time to
time, on the open market of up to 5% of the Corporation's outstanding shares of
common stock, without par value ("Common Stock"), or 66,125 such shares. Such
purchases will be made subject to market conditions in open market or block
transactions. Repurchases may begin as early as October 28, 1996, since the
required regulatory clearance has been received.
According to Thomas G. Williams, President of the Corporation, the
board of directors believes the repurchase program is in the best interest of
the company and its stockholders. The open market purchases will have the effect
of enhancing the book value per share and the potential for growth in earnings
per share of the Corporation's remaining outstanding shares.
As of September 30, 1996, the company had consolidated total assets of
$79.7 million and stockholders' equity of $19.9 million.
