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)
June 2, 1998
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
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N/A
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(Former name or former address, if changed since last report)
Item 5. Other Events
On June 2, 1998, the Registrant issued the attached press release.
Item 7. Financial Statements and Exhibits
(a) Exhibits
1. Press release dated June 2, 1998.
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: June 4, 1998 By: \s\ Nicholas M. George
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Nicholas M. George
President and Chief
Executive Officer
FFW PRESS RELEASE
FOR MORE INFORMATION FOR IMMEDIATE RELEASE
Contact: Charles E. Redman, CFO Date : June 2, 1998
At 219-563-3185
FFW CORPORATION INCREASES
CASH DIVIDEND BY 16.6%
WABASH, INDIANA - - FFW Corporation, parent corporation of First
Federal Savings Bank of Wabash, has announced that the Corporation will pay a
cash dividend of $0.105 per share for the quarter ending June 30, 1998. This
dividend is an increase of $0.015 from the prior quarter or 16.6%. The dividend
will be payable on June 30, 1998 to shareholders of record on June 15, 1998.
Nicolas M. George, President and CEO stated, "This is our fifth annual
dividend increase, since going public in April 1993. The dividend will increase
from $0.36 annually or $0.09 quarterly to $0.42 annually or $0.105 quarterly.
The increase reflects the continued growth in earnings, and The Board of
Directors commitment to enhance shareholders' value." This will be FFW
Corporation's 20th consecutive quarterly dividend.
At April 30, 1998, the Corporation had $199.9 million in assets, $19.2
million in shareholders' equity, and 1,449,532 common shares outstanding. First
Federal continues to exceed all applicable regulatory capital requirements.
First Federal serves Wabash, Kosciusko, and Whitley Counties located in
northeast and central Indiana through its four offices located in Wabash, North
Manchester, Syracuse, and South Whitley Indiana. The corporation's stock is
traded on the NASDAQ system under the symbol "FFWC".