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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): September 26, 1997
First Savings Financial Corp.
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(Exact name of registrant as specified in its charter)
North Carolina 0-26730 56-1928110
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
501 South Main Street
Post Office Box 1885
Reidsville, North Carolina 27323-1885
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(Address of principal executive offices)
Registrant's telephone number, including area code: (910) 342-4251
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N/A
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(Former name or former address, if changed since last report)
EXHIBIT INDEX ON PAGE 3
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Item 5. Other Events
At a special meeting of the stockholders of First Savings Financial
Corp., Reidsville, North Carolina (the "Company"), held on September 26, 1997,
the stockholders of the Company approved the Agreement and Plan of
Reorganization and Merger dated April 2, l997 (the "Agreement") by and among the
Company, First Citizens BancShares, Inc., Raleigh, North Carolina ("BancShares")
and FSF Acquisition Corporation ("FSF Acquisition"), pursuant to which FSF
Acquisition would be merged into and with the Company (the "Merger") and each of
the outstanding shares of the Company's common stock would be converted into the
right to receive a cash payment from BancShares of $10.75. The Merger became
effective as of the Company's close of business on September 26, 1997. The
Company's common stock will be delisted in accordance with applicable Securities
and Exchange Commission rules and regulations.
A copy of the joint press release of the Company and BancShares
announcing stockholder approval of the Agreement and consummation of the Merger
is attached hereto as Exhibit (99)(a) and is incorporated by reference herein.
Item 7. Financial Statements and Exhibits
(c) Exhibits
(99)(a) Press Release of the Company, distributed October 2, 1997
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.
FIRST SAVINGS FINANCIAL CORP.
Date: October 2, 1997 By:
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David S. Kemp, President
and Chief Executive Officer
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EXHIBIT INDEX
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Exhibit No. Description Sequential Page No.
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(99)(a) Press Release of the Company, 4
distributed October 2, 1997
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FOR IMMEDIATE RELEASE CONTACT: Chris Bubin
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(919) 716-2716
First Citizens Completes Acquisition
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Reidsville, N.C. (OCTOBER 2, 1997) -- First Citizens BancShares announced today
that it has completed the acquisition of First Savings Financial Corp. of
Reidsville, N.C. First Savings Financial Corp. is the holding company for First
Savings Bank of Rockingham County, N.C. First Savings Financial Corp.
shareholders approved the transaction at a special meeting on September 26,
1997, and will receive $10.75 in cash for each of their share of First Savings
Financial common stock.
Upon completion of the acquisition, First Savings Bank was merged into the
operations of First Citizens Bank. At the close of business on September 26,
First Citizens moved its Reidsville operations, formerly housed at 228 Gilmer
Street, to its newly acquired office at 501 South Main Street.
With assets of nearly $8 billion, First Citizens Bank is a supercommunity bank
operating more than 300 branches that serve nearly 200 cities and towns in North
Carolina and Virginia. Its internet address is http://www.firstcitizens.com/.
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