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)
February 6, 1998
FIRST SHENANGO BANCORP, INC.
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(Exact name of Registrant as specified in its Charter)
Pennsylvania 0-21076 25-1698967
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(State or other jurisdiction (SEC File No.) (IRS Employer
of incorporation) Identification Number)
25 North Mill Street, New Castle, Pennsylvania 16101
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 724-654-6605
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Not Applicable
(Former name or former address, if changed since last Report)
INFORMATION TO BE INCLUDED IN REPORT
Item 5. Other Events
The Registrant signed a definitive merger agreement (the "Agreement")
with FirstFederal Financial Services Corp. ("FirstFederal") dated February 6,
1998, for the acquisition of all of the outstanding common stock of the
Registrant. Shareholders of the Registrant will receive 1.143 shares of common
stock of FirstFederal for each share of common stock of the Registrant they own.
The Registrant issued a joint press release on February 9, 1998 announcing the
signing of the Agreement.
Consummation of the acquisition is subject to several conditions,
including receipt of applicable regulatory approval and approval by the
shareholders of the Registrant and FirstFederal.
A copy of the Agreement is attached hereto as Exhibit 2 and is
incorporated herein by reference in its entirety.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
Exhibit 2 -- Merger Agreement dated February 6, 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, hereunto duly authorized.
FIRST SHENANGO BANCORP, INC.
Date: February 25, 1998 By: /s/Francis A. Bonadio
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Francis A. Bonadio
President and Chief Executive Officer