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                                  UNITED STATES
                       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) September 15, 1999
                                                       ------------------


                    SECURITY OF PENNSYLVANIA FINANCIAL CORP.
                    ----------------------------------------
             (Exact name of registrant as specified in its charter)

      Delaware                        1-14577                 23-2980576
      --------                        -------                 ----------
(State or other Jurisdiction of     (Commission             (IRS Employer
incorporation or organization)      File Number)           Identification No.)

                31 W. Broad Street, Hazleton, Pennsylvania 18201
                ------------------------------------------------
                    (Address of principal executive offices)

                                 (570) 454-0824
                                 --------------
              (Registrant's telephone number, including area code)

                                 Not Applicable
                                 --------------
         (Former name or former address, if changed since last report.)





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ITEM 5.  OTHER EVENTS.
         -------------

      On September 15, 1999, Northeast Pennsylvania Financial Corp. (the
"Company"), issued a press release which announced that it had received
regulatory clearance to repurchase up to 5% of the Company's outstanding shares.

      A press release announcing the stock repurchase is attached as Exhibit
99.1.

ITEM 7.  FINANCIAL STATEMENTS AND OTHER EXHIBITS.
         ---------------------------------------

      Exhibit 99.1 Press Release dated September 15, 1999.




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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.


Dated: October 1, 1999               By:   /s/ Richard C. Laubach
                                           -------------------------------------
                                           Richard C. Laubach
                                           President and Chief Executive Officer








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