8-K

                       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 13, 2004

                             Alpena Bancshares, Inc.
              ----------------------------------------------------
             (Exact name of registrant as specified in its charter)

        United States                   0-31957                 38-3567362
- -------------------------------     ---------------         --------------------
(State or other jurisdiction      (Commission File No.)       (I.R.S. Employer
      of incorporation)                                      Identification No.)

                  100 S. Second Avenue, Alpena, Michigan 49707
              -----------------------------------------------------
             (Address of principal executive offices, with zip code)


       Registrant's telephone number, including area code: (989) 356-9041


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




Item 5.   Other Events


     On February 6, 2004,  First Federal of Northern  Michigan  (the "Bank"),  a
Federally  chartered  savings  bank  wholly  owned by  Alpena  Bancshares,  Inc.
("ABI"), a federally chartered holding company, signed a definitive Purchase and
Assumption Agreement ("Agreement") with North Country Bank and Trust, a Michigan
state-chartered  bank, to acquire two of North Country Bank and Trust's branches
located at 6230 River Street,  Alanson,  Michigan and 625 North Williams Street,
Mancelona, Michigan.

     The transaction will include the assumption of approximately  $13.0 million
in deposits and the purchase of  approximately  $17,000 in loans  related to the
two branches.

     The transaction, which is subject to regulatory approval, is expected to be
completed in the second quarter of 2004.

     A press release issued by ABI on February 10, 2004 announcing the execution
of the  Agreement is also  attached  hereto as Exhibit 99.1 and is  incorporated
herein by reference.


ITEM 7.  Financial Statements and Exhibits.



 (c) Exhibit 99.1 Press Release dated February 10, 2004.


                                      -2-




                                   SIGNATURES

     Pursuant  to the  requirements  of  Section  13 or 15(d) of the  Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.


                                           ALPENA BANCSHARES, INC.


Dated:  February 13, 2004                  By: /s/ Martin A. Thomson
                                               ---------------------------------
                                               Martin A. Thomson
                                               President and CEO


                                      -3-


                                  EXHIBIT INDEX

Exhibit
Number           Description
- -------          -----------

Exhibit 99.1     Press Release dated February 10, 2004.

EX-99.1

                                  Press Release



10 February, 2004


On February 6, 2004, First Federal of Northern Michigan (the "Bank"), a
Federally chartered savings bank wholly owned by Alpena Bancshares, Inc.
("ABI"), a federally chartered holding company, signed a definitive Purchase and
Assumption Agreement ("Agreement") with North Country Bank and Trust, a Michigan
state-chartered bank, to acquire two of North Country Bank and Trust's branches
located at 6230 River Street, Alanson, Michigan and 625 North Williams Street,
Mancelona, Michigan.

The transaction will include the assumption of approximately $13.0 million in
deposits and the purchase of approximately $17,000 in loans related to the two
branches.

The transaction, which is subject to regulatory approval, is expected to be
completed in the second quarter of 2004.

Martin A Thomson, President and Chief Executive Officer of First Federal of
Northern Michigan stated, "This transaction will contribute toward the growth of
our Bank and enable us to broaden our customer base. When this transaction is
complete, First Federal will have 10 full service branches serving Northern
Lower Michigan."

"First Federal of Northern Michigan has a reputation of being a community bank
that focuses on the needs of its customers," remarked Thomson. "This is an
exciting opportunity to provide our new customers the wide range of products and
services we offer, while also giving them the personalized attention of a
community bank." Thomson added "We look forward to welcoming these new
customers, communities and employees to our Bank."


First Federal of Northern Michigan currently operates 8 full service branches in
the North Eastern Lower Peninsula of Michigan. At December 31, 2003, First
Federal had assets of $224.6 million and $21.8 million of stockholders equity.