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)
October 26, 1998
FIRST NILES FINANCIAL, INC.
- --------------------------------------------------------------------------
(Exact name of Registrant as specified in its Charter)
Delaware 0-24849 34-1870418
- --------------------------------------------------------------------------
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation) No.)
55 North Main Street, Niles, Ohio 44446
- --------------------------------------------------------------------------
(Address of principal executive offices) Zip Code)
Registrant's telephone number, including area code: (330) 652-2539
- ---------------------------------------------------------------------------
ITEM 5. OTHER EXHIBITS
Attached as Exhibit 99.1 is the Registrant's press release dated
October 26, 1998 announcing the completion of its initial stock
offering.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) The following exhibit is filed as part of this Report:
99.1 Press release dated October 26, 1998.
SIGNATURE
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 NILES FINANCIAL, INC.
Date: October 27, 1998 By: /s/ Lawrence Safarek
----------------------------------------
Lawrence Safarek
Vice President and Treasurer
EXHIBIT INDEX
Exhibit
Number Description
- ------- --------------------------------------------------------
99.1 Press Release dated October 26 1998.
Press Release For Immediate Release
---------------------
Contact: William Stevens, President
Telephone: (330) 652-2539
FIRST NILES FINANCIAL, INC.
COMPLETES INITIAL STOCK OFFERING
Niles, Ohio -- (October 26, 1998) William L. Stephens, Chairman,
President and Chief Executive Officer of Home Federal Savings and Loan
Association of Niles, ("Home Federal"), headquartered in Niles, Ohio,
announced today that First Niles Financial, Inc., the newly-formed holding
company of Home Federal, has completed its initial stock offering. The
holding company sold 1,754,411 shares of common stock at $10.00 per share in a
subscription offering.
On October 21, 1998, Home Federal's Plan of Conversion was approved by
Home Federal's members at a Special Meeting that was held at the main office
of the Association.
The shares of First Niles Financial, Inc. will be traded on the Nasdaq
SmallCap Market System under the symbol "FNFI". The subscription offering was
managed by Charles Webb & Company, a division of Keefe, Bruyette, & Woods,
Inc.
The Board of Directors, Officers, and employees of Home Federal and First
Niles Financial, Inc. express their gratitude for the overwhelming support for
the offering by their customers, pledge their best efforts towards the
opportunities ahead, and look forward to serving the needs of their customers
and new stockholders.
Home Federal, a federally chartered and FDIC-insured savings institution,
was founded in 1897 and operates one full-service office in Niles, Ohio.
October 27, 1998