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 23, 1998





                          FIRST SHENANGO BANCORP, INC.
             ------------------------------------------------------
             (Exact name of Registrant as specified in its Charter)



       Pennsylvania                  0-21076                 25-1698967  
- ----------------------------      --------------          ----------------------
(State or other jurisdiction      (SEC File No.)             (IRS Employer
     of incorporation)                                    Identification Number)


  25 North Mill Street, New Castle, Pennsylvania                 16101   
- ------------------------------------------------               ----------
(Address of principal executive offices)                       (Zip Code)




Registrant's telephone number, including area code: 724-654-6605 
                                                    ------------


                                 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 Press Release announcing first quarter earnings for
March 31, 1998.  For further  details,  reference  is made to the Press  Release
filed as Exhibit 1.



                                   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:  May 1, 1998                  By:    /s/Francis A. Bonadio         
                                           -------------------------------------
                                           Francis A. Bonadio
                                           President and Chief Executive Officer