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)
March 31, 2000
Nittany Financial Corp.
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(Exact name of Registrant as specified in its Charter)
Pennsylvania 333-57277 23-2925762
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(State or other jurisdiction (SEC File No.) (IRS Employer
of incorporation) Identification Number)
116 East College Avenue, State College, Pennsylvania 16801
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (814) 234-7320
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Not Applicable
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(Former name or former address, if changed since last Report)
INFORMATION TO BE INCLUDED IN REPORT
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Item 5. Other Events
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On March 31, 2000, Nittany Financial Corp. (the "Corporation")
completed its additional common stock offering and sold approximately 131,953
common shares, at $11.00 per share, or $1,451,483. As previously announced, on
December 6, 1999, upon regulatory clearance by the Securities and Exchange
Commission, the Corporation commenced an additional common stock offering to
sell up to 200,000 common shares at $11.00 per share. The proceeds of the
offering are expected to be used to fund loans, improve profitability and
possible expansion of an additional branch office.
The common stock of the Corporation is traded on the OTC electronic
Bulletin Board under the symbol "NTNY." The Corporation is the parent holding
company of Nittany Bank and Nittany Asset Management, Inc., a company which
offers securities investment services to the community. Nittany Bank commenced
operations on October 26, 1998 as a newly chartered bank, and operates from two
offices in State College at 116 College Avenue and 1276 North Atherton Street.
Nittany Asset Management, Inc., headquartered at 1276 North Atherton Street, was
formed in May 1999 and began operations in November 1999.
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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.
Nittany Financial Corp.
Date:April 6, 2000 By:/s/ David Z. Richards
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David Z. Richards
President
(Chief Executive Officer)