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): November 10, 1999
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 November 10, 1999, concerning the Corporation's
stock repurchase program is attached hereto as Exhibit 99 and
incorporated by reference herein.
Item 7. Financial Statements and Exhibits
(C)Exhibits
Exhibit 99-Press release dated November 10, 1999
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: November 12, 1999
LOGANSPORT FINANCIAL CORP.
ANNOUNCES STOCK REPURCHASE PROGRAM
Logansport, Indiana (November 10, 1999) 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
or private market of up to 5% of the Company's outstanding shares of common
stock, without par value ("Common Stock"), or 59,960 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
November 15, 1999.
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 or private 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 September 30, 1999, the Company had consolidated total assets of $113.8
million and shareholders' equity of $16.7 million.
