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): September 8, 1998
LOGANSPORT FINANCIAL CORP.
(Exact name of registrant specified in its charter)
INDIANA
(State of other jurisdiction of incorporation)
0-25910 35-1945736
(Commission File Number) (I.R.S. Employer
Identification Number)
723 East Broadway
P.O. Box 569
Logansport, Indiana 46947
(Address of principal executive offices
including Zip Code)
(219) 722-3855
(Registrant's telephone number, including area code
<PAGE>
Item 5. Other Events
Pursuant to General Instruction F to Form 8-K, the press
release issued September 8, 1998, 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 99-Press release dated September 8, 1998
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: September 9, 1998
LOGANSPORT FINANCIAL CORP.
ANNOUNCES STOCK REPURCHASE PROGRAM
Logansport, Indiana (September 8, 1998) 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 Company's outstanding shares of common stock, without
par value ("Common Stock"), or 63,090 such shares. Such purchases will be made
subject to market conditions in open market or block transactions at prices
deemed appropriate by management. Repurchases may begin as early as September
14, 1998, 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 shareholders. 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 Company's remaining outstanding shares.
As of June 30, 1998, the Company had consolidated total assets of $90.3 million
and shareholders' equity of $17.0 million.
