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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): July 25, 1997
KENTUCKY FIRST BANCORP, INC.
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(Exact name of registrant as specified in charter)
Delaware 1-13904 61-1281483
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
306 North Main Street, Cynthiana, Kentucky 41031-1210
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:(606) 234-1440
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ITEM 5. OTHER EVENTS
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On July 25, 1997, Kentucky First Bancorp, Inc. (the
"Registrant"), announced that it had received the approval of the
Office of Thrift Supervision to repurchase an additional 5.0% of
its outstanding shares of common stock, approximately 65,959
shares. The Registrant's press release is attached hereto as
Exhibit 99.1 and incorporated by reference herein.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
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Exhibit 99.1 Press Release dated July 25, 1997
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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, thereunto duly authorized.
KENTUCKY FIRST BANCORP, INC.
BY: /s/ Betty J. Long
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Betty J. Long
President and Chief
Executive Officer
Date: July 25, 1997
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Contact: Ms. Betty J. Long
President
(606) 234-1440
FOR IMMEDIATE RELEASE
Date: July 25, 1997
KENTUCKY FIRST BANCORP, INC.
ANNOUNCES STOCK REPURCHASE PROGRAM
Kentucky First Bancorp, Inc. (AMEX:KYF), headquartered in
Cynthiana, Kentucky, announced today that it had received the
approval of the Office of Thrift Supervision to repurchase an
additional 5.0% of its issued and outstanding shares of common
stock, approximately 65,959 shares. The program will be
dependent upon market conditions and there is no guarantee as to
the exact number of shares to be repurchased by the Corporation.
Betty J. Long, President of the Corporation, stated that the
Board of Directors has authorized the repurchase program, which
is expected to be completed within six months. Ms. Long
explained that the Board of Directors considers the Corporation's
common stock to be an attractive investment. Repurchased shares
will be held as treasury stock and used for future issuances in
connection with the exercise of stock options.
According to Ms. Long, the repurchases generally would be
effected through open market purchases.
Kentucky First Bancorp, Inc. is the holding company for
First Federal Savings Bank, which conducts business through two
banking offices in Cynthiana, Kentucky.
