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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): June 26, 2009
PVF Capital Corp.
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(Exact Name of Registrant as Specified in Charter)
Ohio 0-24948 34-1659805
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(State or Other Jurisdiction Commission File Number (I.R.S. Employer
of Incorporation) Identification No.)
30000 Aurora Road, Solon, Ohio 44139
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(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (440) 248-7171
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Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c)
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ITEM 8.01 OTHER EVENTS.
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PVF Capital Corp. (the "Company") and its wholly owned subsidiary Park
View Federal Savings Bank (the "Bank") have each received letters from the
Office of Thrift Supervision ("OTS"), dated June 26, 2009, indicating that as a
result of the OTS's assessment of the Company's and the Bank's financial
condition, the Company and the Bank are subject to specified operating
restrictions. These operating restrictions provide that: (1) the Bank must limit
its quarterly asset growth to net interest credited on deposit liabilities
during the quarter (unless additional asset growth is permitted by the OTS); (2)
the Bank and the Company must obtain OTS approval prior to appointing any new
director or senior executive officer; (3) the Bank and the Company must obtain
regulatory approval prior to making certain severance and indemnification
payments; (4) the Bank must receive OTS approval of any new, renewed or amended
arrangements providing compensation or benefits to its directors and senior
executive officers; (5) the Bank must obtain OTS approval of all third-party
contracts that are significant to the operation or financial condition of the
Bank or that are outside the normal course of business; (6) the Bank must
provide the OTS with advance notice of all proposed transactions with
affiliates; and (7) the Bank may not pay dividends or make any other capital
distribution, including the repurchase or redemption of capital stock, without
the prior approval of the OTS.
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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 hereunto duly authorized.
PVF CAPITAL CORP.
Dated: July 1, 2009 By: /s/ Marty E. Adams
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Marty E. Adams
Interim Chief Executive Officer
(Duly Authorized Representative)