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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 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)        August 11, 1997
                                                   ------------------------
                          DELPHOS CITIZENS BANCORP, INC.
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             (Exact name of registrant as specified in its charter)


         Delaware                     1-12141            34-1840187
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(State or other jurisdiction        (Commission         (IRS Employer
      of incorporation)             File Number)        ID Number)


114 East Third Street, Delphos, OH                         45833
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      (Address of principal executive offices)          (Zip Code)

Registrant's telephone number, including area code     (419) 692-2010
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                                       N/A
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         (Former name of former address, if changed since last report.)


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                    INFORMATION TO BE INCLUDED IN THE REPORT


Item 5.  Other Events
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      On August 11, 1997,  Delphos Citizens  Bancorp, Inc. (the "Company"),  the
holding company for Citizens Bank of Delphos, issued the press release  attached
hereto  as  Exhibit 99 and  incorporated herein by reference.  The press release
announced  that the Company has received regulatory clearance from the Office of
Thrift  Supervision to  purchase up  to  5  percent,  or  101,935 shares, of the
Company's  2,038,719 shares of common stock outstanding.  The Board of Directors
of  the Company  authorized the  Company  to  repurchase  up to 5 percent of its
common stock  during  the next six months  in open-market  transactions, subject
to the availability of stock.

Item 7.  Financial Statements and Exhibits
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      Exhibit 99 - Press Release dated August 11, 1997.




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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.


                                              DELPHOS CITIZENS BANCORP, INC.
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                                              (Registrant)

                                              By: /s/ Joseph R. Reinemeyer
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                                              Joseph R. Reinemeyer
                                              Chairman, President and Chief
                                              Executive Officer

Dated:  August 19, 1997