SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549


                                    FORM 15

Certification and Notice of Termination of Registration under Section 12(g) of
   the Securities Exchange Act of 1934 or Suspension of Duty to File Reports
       Under Section 13 and 15(d) of the Securities Exchange Act of 1934


Commission File Number: 0-25536


                      FIRST ASHLAND FINANCIAL CORPORATION
            (Exact name of registrant as specified in its charter)


                 1640 Carter Avenue, Ashland, Kentucky 411011
                                 (606)324-5138
    (Address, including zip code, and telephone number, including area code
                  of registrant's principal executive office)


                    Common Stock, par value $.01 per share
           (Title of each class of securities covered by this Form)

                                Not applicable
         (Title of all other classes of securities for which a duty to
              file reports under section 13(a) or 15(d) remains)

     Please  place an X in the  box(es)  to  designate  the  appropriate  rule
provision(s) relied upon to terminate or suspend the duty to file reports:

      Rule 12g-4(a)(1)(i)      [X]           Rule 12h-3(b)(1)(ii)     [ ]
      Rule 12g-4(a)(1)(ii)     [ ]           Rule 12h-3(b)(2)(i)      [ ]
      Rule 12g-4(a)(2)(i)      [ ]           Rule 12h-3(b)(2)(ii)     [ ]
      Rule 12g-4(a)(2)(ii)     [ ]           Rule 15d-6               [ ]
      Rule 12h-3(b)(1)(i)      [ ]


     Approximate number of holders of record as of the certification or notice
date: None.




     On October 4, 1996, at 11:59 P.M.,  First Ashland  Financial  Corporation
merged  with and into Camco  Financial  Corporation  (Commission  File  Number
0-25196),  and all  outstanding  shares  of  common  stock  of  First  Ashland
Financial  Corporation  became  $9.00  in cash  and  .067492  shares  of Camco
Financial Corporation, which shares were registered on a Form S-4 Registration
Statement declared effective on August 5, 1996.

     Pursuant to the  requirements of the Securities and Exchange Act of 1934,
First Ashland Financial Corporation has caused this certification/notice to be
signed on its behalf by the undersigned duly authorized person.

DATE:   November 14, 1996            BY:  Larry A. Caldwell
                                          ____________________________________
                                          Larry A. Caldwell
                                          President
                                          Camco Financial Corporation,
                                          successor to First Ashland
                                          Financial Corporation