UNITED STATES
                       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 27, 2003



                             Nittany Financial Corp.
             ------------------------------------------------------
             (Exact name of Registrant as specified in its Charter)



        Pennsylvania                    0-32623                23-2925762
- ----------------------------     ------------------------ ----------------------
(State or other jurisdiction     (Commission File Number)    (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
                                                     --------------



                                 Not Applicable
          -------------------------------------------------------------
          (Former name or former address, if changed since last Report)



                             NITTANY FINANCIAL CORP.

                      INFORMATION TO BE INCLUDED IN REPORT
                      ------------------------------------




Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits
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Exhibit 99 -- Press Release dated June 27, 2003.

Item 9.  Regulation FD Disclosure
- -------  ------------------------

         Information  under this Item 9 is being provided  pursuant to Item 12 -
Results of  Operations  and Financial  Condition in accordance  with Release No.
34-47583.  On June  27,  2003,  the  Registrant  announced  the  closing  of the
additional common stock offering previously announced on April 25, 2003.

         For further  details,  reference is made to  the attached Press Release
dated June 27, 2003 which is incorporated herein by this 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, hereunto duly authorized.


                                                     NITTANY FINANCIAL CORP.



Date: June  27, 2003                        By:      /s/Gary M. Bradley
                                                     ---------------------------
                                                     Gary M. Bradley
                                                     Chief Accounting Officer
                                                     (Duly Authorized Officer)