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)
February 24, 1997
FFW CORPORATION
(Exact name of Registrant as specified in its Charter)
Delaware 0 - 21170 35 - 1875502
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(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification Number)
1205 N. Cass Street, Wabash, Indiana 46992 - 1027
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (219) 563 - 3185
N/A
(Former name or former address, if changed since last report)
Item 5. Other Events
On February 24, 1997, the Registrant issued the attached press release.
Item 7. Financial Statements and Exhibits
(a) Exhibits
1. Press release, dated February 24, 1997.
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.
FFW CORPORATION
Date: February 26, 1997 By: \s\ Nicholas M. George
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Nicholas M. George
President and Chief
Executive Officer
PRESS RELEASE
FFW CORPORATION
1205 N Cass St.
Wabash, IN 46992
For Immediate Release
Monday, February 24, 1997
Contact: Charles E. Redman
FFW CORPORATION
(219) 563-3185
FFW CORPORATION SUBSIDIARY ANNOUNCES AGREEMENT
TO ACQUIRE A NBD BANK BRANCH OFFICE
(February 24, 1997)--FFW CORPORATION (NASDAQ: FFWC), parent of First
Federal Savings Bank, Wabash, Indiana, today announced the signing of a
definitive agreement to purchase the deposit liabilities and certain assets
associated with the branch of NBD Bank, N.A. in South Whitley, Indiana.
Nicholas M. George, President and CEO stated, "This is an important
purchase for First Federal Savings Bank. The branch in South Whitley provides a
compatible location for expansion of First Federal's franchise." First Federal
is a locally owned and operated community savings bank. Mr. George also stated,
" We are excited at the prospect of expanding our market area and bringing our
Hometown Banking principles and philosophies directly to the residents of South
Whitley and Whitley County. We look forward to helping the South Whitley
community continue its growth and prosperity. The presence of First Federal
assures the continuance of local banking facilities, products, and services."
Although specific terms of the transaction were not disclosed,
approximately $18 million in deposits will be purchased by First Federal. The
acquisition is expected to close during the second quarter of 1997.
FFW Corporation had assets of $158.2 million and deposits of $97.9
million at December 31, 1996. FFW Corporation through its subsidiary First
Federal Savings Bank operates offices in Wabash, North Manchester and Syracuse.