EXHIBIT 99




Press Release                                              FOR IMMEDIATE RELEASE

July 21, 1999                                           Contact: Steven L. Banks
                                                                       President
                                                   Telephone:       765-664-0556


                          ANNUAL SHAREHOLDERS' MEETING


(Marion) - Marion Capital Holdings, Inc. (the "Company"), the holding company of
First Federal Savings Bank of Marion ("First Federal") announced that the Annual
Meeting of  Shareholders  of Marion Capital  Holdings,  Inc. will be held in the
offices of First Federal  Savings Bank of Marion,  100 W. Third Street,  Marion,
Indiana, on Monday,  October 18, 1999, at 4:30 p.m. local time.  Shareholders of
record at the close of business on August 23, 1999,  are entitled to vote at the
meeting or any adjournment thereof.

The  Company  and First  Federal  are  headquartered  in Marion,  Indiana,  with
full-service branch offices in Marion, Gas City and Decatur, Indiana.