Sky Financial Group Inc – ‘8-K’ for 11/23/97

As of:  Friday, 1/2/98   ·   For:  11/23/97   ·   Accession #:  950152-98-9   ·   File #:  0-18209

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Citizen's Bancshares, Inc. Form 8-K                    2     10K 
 2: EX-2        Plan of Acquisition, Reorganization, Arrangement,     69    170K 
                          Liquidation or Succession                              

8-K   —   Citizen’s Bancshares, Inc. Form 8-K
Document Table of Contents

8-K
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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) November 23, 1997
                                                 -----------------
 Citizens Bancshares, Inc.
--------------------------------------------------------------------------------
(Exact Name of Registrant as Specified in Its Charter)

Ohio
--------------------------------------------------------------------------------
(State or Other Jurisdiction of Incorporation)

33-21296                                        34-1372535      
------------------------                    ------------------------------------
(Commission File Number)                    (I.R.S. Employer Identification No.)

10 East Main Street, Salineville, Ohio 43945
--------------------------------------------------------------------------------
330/679-2328
--------------------------------------------------------------------------------
(Registrant's Telephone Number, Including Area Code)

--------------------------------------------------------------------------------
 (Former Name or Former Address, if Changed Since Last Report)

8-K
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Item 5.  Other Events                                                           
-------  ------------                                                           

    On November 23, 1997, The Citizens Banking Company, a wholly-owned
subsidiary of Citizens Bancshares, Inc., acquired from Metropolitan Savings Bank
of Ohio three bank branches located in Martins Ferry, St. Clairsville and       
Barnesville, Ohio. Pursuant to the transaction, The Citizens Banking Company    
acquired approximately 64.1 million dollars in deposits for a purchase price    
premium on deposits of 9% or approximately 5.8 million dollars and also acquired
loans in the amount of approximately 25.2 million dollars.                      

    On December 3, 1997, Citizens Bancshares, Inc. signed a definitive
Agreement and Plan of Merger with Century Financial Corporation. The Agreement  
and Plan of Merger is incorporated in this Form 8-K by reference and is attached
hereto as Exhibit 2.                                                            

Item 7.  Exhibits                                                               
-------  --------                                                               

The following exhibit is being filed as part of this Form 8-K.

                                                                [Download Table]

Exhibit No. Exhibit                                                             

                                                                                
(2)         Agreement and Plan of Merger, dated December 3, 1997, by and between
            Citizens Bancshares, Inc. and Century Financial Corporation.        


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.                                           

                                           Citizens Bancshares, Inc.
                                            ------------------------------------
                                            (Registrant)

Date:  January 2, 1998                    By:/s/ Marty E. Adams                 
                                             -----------------------------------
                                     Marty E. Adams, President
                                       and Chief Executive Officer

Dates Referenced Herein

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
Filed on:		1/2/98		2					None on these Dates
		12/3/97		2
For Period End:		11/23/97		1		2
									List all Filings