8-K

                                  UNITED STATES
                       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): September 10, 2004
                                                        ------------------


                           CAMCO FINANCIAL CORPORATION
                         ------------------------------
             (Exact name of registrant as specified in its charter)


   DELAWARE                      0-25196                     51-0110823
 ------------                   ----------                  ------------
(State or other            (Commission File No.)       (IRS Employer I.D. No.)
jurisdiction of
 incorporation)

                    6901 Glenn Highway, Cambridge, Ohio 43725
               (Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code:          (740) 435-2020
                                                    --------------------------

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


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[  ] Written communications pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
     (17 CFR 240.14a-12)

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))


SECTION 1 - REGISTRANT'S BUSINESS AND OPERATIONS

Item 1.01.    Entry into a Material Definitive Agreement.
- ---------     -------------------------------------------

                  On September 10, 2004, Advantage Bank ("Advantage"), an Ohio
commercial bank and wholly-owned subsidiary of Camco Financial Corporation,
entered into a Purchase and Assumption Agreement (the "Agreement") with Peoples
Bank, National Association, a national bank located in Marietta, Ohio
("Peoples"). The Agreement provides for the sale to Peoples of certain deposit
liabilites and loans associated with the Ashland and Summit, Kentucky branches
of Advantage. A press release was issued announcing the execution of the
Agreement and is attached hereto as Exhibit 99.

SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS

Item 9.01     Financial Statements and Exhibits.
- ---------     ----------------------------------
(c)      Exhibits.

      99  Press Release of Camco Financial Corporation dated September 10, 2004.


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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 thereunto duly authorized.


                                   CAMCO FINANCIAL CORPORATION



                                   By:  /s/ Richard C. Baylor
                                        ------------------------------
                                        Richard C. Baylor
                                        President and Chief Executive Officer


Date:  September 13, 2004



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                                INDEX TO EXHIBITS


   Exhibit
    Number                         Description

      99   Press Release of Camco Financial Corporation dated
           September 10, 2004. Included herewith.


                                       4

EX-99

                                   EXHIBIT 99

                                  NEWS RELEASE

RELEASE DATE:               SEPTEMBER 10, 2004

RELEASE TIME:              4:30 P.M.


                             ADVANTAGE BANK TO SELL
                           ASHLAND, KENTUCKY BRANCHES

CAMBRIDGE, OHIO (NASDAQ: CAFI) - Camco Financial Corporation ("Camco") announced
today that its wholly-owned subsidiary, Advantage Bank, has entered into an
agreement to sell its Ashland, Kentucky and Summit, Kentucky branches to Peoples
Bank, National Association of Marietta, Ohio. The announced transaction will
involve the sale of approximately $65 million in deposits, an agreed upon amount
of associated loans in the Ashland market, as well as the Ashland & Summit,
Kentucky facilities. The transaction is expected to close in the fourth quarter
of 2004.

Richard C. Baylor, President of Advantage Bank commented, "This transaction was
based on our decision to re-direct resources and management attention to other
markets that will drive the execution of our long term strategic plan. Our
branch strategy involves narrowing our geographic footprint, building a more
efficient branch network and improving long term shareholder value.

Camco Financial Corporation is a multi-state financial holding company
headquartered in Cambridge, Ohio with assets of $1.13 billion. Advantage Bank
and its affiliates offer community banking, mortgage banking, internet banking
and title services from 32 offices in 23 communities in Ohio, Kentucky and West
Virginia.


Additional information about Camco Financial may be found on Camco's web site:
www.advantagebank.com.

The words or phrases "will likely result," "are expected to," "will continue,"
"is anticipated," "estimate," "project" or similar expressions are intended to
identify "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements are subject to certain
risks and uncertainties including changes in economic conditions in the
Company's market area, changes in policies by regulatory agencies, fluctuations
in interest rates, demands for loans in the Company's market area and
competition, that could cause actual results to differ materially from
historical earnings and those presently anticipated or projected. The Company
wishes to caution readers not to place undue reliance on any such
forward-looking statements, which speak only as of the date made. The Company
does not undertake, and specifically disclaims any obligation, to publicly
release the result of any revisions that may be made to any forward-looking
statements to reflect events or circumstances after the date of such statements
or to reflect the occurrence of anticipated or unanticipated events.