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): November 14, 1996
INDIANA FEDERAL CORPORATION
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(Exact name of Registrant as specified in its Charter)
Delaware 0-17379 35-1735820
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification
incorporation) Number)
56 South Washington Street, Valparaiso, Indiana 46383
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (219) 462-4131
N/A
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(Former name or former address, if changed since last report)
Item 5. Other Events
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On November 14, 1996, Indiana Federal Corporation ("IFC")
entered into an Agreement and Plan of Merger (the "Merger
Agreement") with Pinnacle Financial Services, Inc. ("Pinnacle")
pursuant to which IFC and Pinnacle will merge. As a result of the
Merger, which is subject to approval by IFC and Pinnacle
shareholders and certain regulatory approvals, each share of IFC
common stock will be exchanged for one (1) share of Pinnacle common
stock.
Simultaneously with their execution and delivery of the Merger
Agreement, Pinnacle and IFC entered into stock option agreements
pursuant to one of which Pinnacle granted IFC the right, upon terms
and subject to the conditions set forth therein, to purchase up to
591,678 shares of Pinnacle common stock at a price of $24.625 per
share, and pursuant to the other of which IFC granted Pinnacle the
right, upon terms and subject to the conditions set forth therein,
to purchase up to 470,361 shares of IFC common stock at a price of
$19.875 per share.
The foregoing information does not purport to be complete and
is qualified in its entirety by reference to the Exhibits to this
Report.
Item 7. Financial Statements and Exhibits
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(c) Exhibits.
The Exhibits listed on the accompanying Exhibit Index are
filed as part of this Report and are incorporated herein by
reference.
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.
INDIANA FEDERAL CORPORATION
Date: November 14, 1996 By: /s/Donald A. Lesch
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Donald A. Lesch
Chairman/CEO
Date: November 14, 1996 By: /s/ Brenda A. Sheetz
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Brenda A. Sheetz
Corporate Secretary
Index to Exhibits
Exhibits
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2 Agreement and Plan of Merger dated as of November 14,
1996.
99.1 Press Release dated November 14, 1996.