First Niles Financial (FNFI) 8-K First Niles Financial, Inc. Announces Stock Repurchase Program

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K

CURENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest reported)                     July 26, 2000
FIRST NILES FINANCIAL, INC.(Exact name of registrant as specified in its chapter)
Delaware(State or other jurisdiction of incorporation	0-24849(Commission File Number)	34-1870418(IRS Employer Identification No.)

55 North Main Street, Niles, Ohio(Address of principal executive offices) 44446(Zip Code)

Registrant's telephone number, including area code                      (330) 652-2539               

__________________________________________________________
(Former name or former address, if changed since last report)

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ITEM 5.    OTHER EXHIBITS

Attached as Exhibit 99.1 is the Registrant's press release dated July 26, 2000 announcing its intention to repurchase up to 83,037 common shares, representing 5% of its outstanding shares, in the open market or in privately negotiated transactions.

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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.

	FIRST NILES FINANCIAL, INC.
Date: July 26, 2000	By:  /s/ Lawrence Safarek                             Lawrence Safarek        Vice President and Treasurer

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EXHIBIT INDEX

Exhibit Number	Description
99.1	Press Release dated July 26, 2000