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): April 7, 1998
PEOPLES SAVINGS FINANCIAL CORPORATION
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(Exact name of Registrant as specified in its Charter)
Pennsylvania 0-22812 25-1720517
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(State or other jurisdiction (SEC File No.) (IRS Employer
of incorporation) Identification
Number)
173 Main Street, Ridgway, Pennsylvania 15853-1096
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (814) 773-3195
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Not Applicable
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(Former name or former address, if changed since last Report)
PEOPLES SAVINGS FINANCIAL CORPORATION
INFORMATION TO BE INCLUDED IN REPORT
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Item 5. Other Events
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On April 7, 1998, Emclaire Financial Corp., Emlenton, Pennsylvania
("Emclaire") and The Farmer's National Bank of Emlenton, Emlenton, Pennsylvania
and Peoples Savings Financial Corporation ("Peoples") and Peoples Savings Bank,
Ridgway, Pennsylvania, entered into an Agreement and Plan of Reorganization
whereby, among other things, Emclaire will acquire all of the outstanding stock
of Peoples ("Acquisition").
A copy of the joint press release issued April 8, 1998 by the
Registrant and Peoples is attached hereto as Exhibit 99 and is incorporated
herein by reference in its entirety.
In addition, in the event the Acquisition is not completed and, among
other things, there is a subsequent third party acquisition of, or agreement of
acquisition for, Peoples, the parties have agreed that Emclaire will be entitled
to a break-up fee equal to $600,000.
Item 7. Financial Statements, Pro Forma Financial Information and
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Exhibits
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Exhibit 1 -- Agreement and Plan of Reorganization.
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Exhibit 99 -- Press Release Concerning Acquisition dated April 8, 1998.
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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, hereunto duly authorized.
PEOPLES SAVINGS FINANCIAL CORPORATION
Date: April 13, 1998 By: /s/ Glenn R. Pentz
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Glenn R. Pentz
Secretary and
Chief Financial Officer