Exhibit 99

FOR MORE INFORMATION                                       FOR IMMEDIATE RELEASE
Contact:          David L. Nagel,                          Date: July 1, 1997
                  Executive Vice President
                  and Chief Financial Officer
                  at (419) 352-5261 ext. 241

                               WOOD BANCORP, INC.
               DECLARES 50% STOCK DIVIDEND AND ANNOUNCES EFFECTIVE
                            INCREASE IN CASH DIVIDEND


         BOWLING GREEN, OHIO,  [NASDAQ:  FFWD] - Wood Bancorp,  Inc., the parent
corporation   of  First  Federal  Bank,  has  announced  a  50%  stock  dividend
(effectively,  a three-for-two stock split) payable on or about July 29, 1997 to
shareholders of record on July 15, 1997. The stock dividend will result in a 50%
increase in the Corporation's annual cash dividend payout.

         "Wood Bancorp is enjoying record performance," said Richard L. Gordley,
President.  "This  action by our Board of  Directors  shares  our  success  with
shareholders and rewards them for their investment in Wood Bancorp." Mr. Gordley
added,  "The Board's action will increase the number of shares  outstanding from
1,411,186  to  2,116,779,  making it easier for small  investors to purchase our
stock."

         Under the terms of the stock dividend,  Wood Bancorp  shareholders will
receive a dividend  of one share for every two shares  held on the record  date.
Fractional  shares created by the stock dividend will be paid in cash based upon
the price of the Corporation's stock on July 15, 1997, as adjusted for the stock
dividend.  A cash  dividend  of $.10 per share will  continue  to be paid on the
number  of  shares  outstanding  after the  stock  dividend,  which  effectively
translates to a 50% increase over the previous dividend paid.

         At March 31, 1997,  the  Corporation  has assets of $163.5  million and
stockholders'  equity of $20.8 million. The Corporation's stock is quoted on the
Nasdaq Small-Cap Market under the ticker symbol "FFWD." The Corporation's  stock
closed at $16.875 per share on June 30, 1997.











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