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
October 18, 1996
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(Date of earliest event reported)
First Financial Corporation of Western Maryland
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(Exact name of registrant as specified in its charter)
Delaware 0-19837 52-1700036
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
118 Baltimore Street, Cumberland, Maryland 21502
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(Address of principal executive offices) (Zip Code)
(301) 724-3363
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name, former address and former fiscal year, if changed since last
report)
Page 1 of 6 Pages
Exhibit Index appears on Page 2
Item 5. OTHER EVENTS
On October 18, 1996, First Financial Corporation of Western Maryland
(the "Corporation") announced that the Corporation had consolidated net income
of $1.2 million or $0.56 per share for the three months ended September 30,
1996, before a one-time special Savings Association Insurance Fund ("SAIF")
assessment. Consolidated net income for the quarter ended September 30, 1996
was $43,000 or $0.02 per share after the one-time SAIF charge. A copy of the
press release, dated October 18, 1996, is attached hereto as Exhibit 99 and is
incorporated herein by reference.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) FINANCIAL STATEMENTS OF BUSINESS ACQUIRED
Not applicable.
(b) PRO FORMA FINANCIAL INFORMATION
Not applicable.
(c) EXHIBITS
(99) Press release dated October 18, 1996.
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 thereunto duly authorized.
FIRST FINANCIAL CORPORATION
OF WESTERN MARYLAND
Date: October 23, 1996 By: /s/William C. Marsh
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William C. Marsh
Executive Vice President and
Chief Financial Officer