SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 5, 1996
PENFED BANCORP, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-25750 61-1275478
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
215 Shelby
Falmouth, Kentucky 41040-1238
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (606) 654-6961
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Not Applicable
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(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS.
On August 14, 1996 the Registrant announced that it had
approved the establishment of a grantor trust that would commence
purchasing up to 10% of the Registrant's outstanding common stock,
or approximately 34,500 shares, over a twelve month period. 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.
Exhibit 99.1 Press Release dated August 14, 1996
SIGNATURE
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.
PENFED BANCORP, INC.
By: /s/ David C. Wills
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David C. Wills
President & Chief Operating
Officer
Date: September 4, 1996