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):   March 27, 2007  

CAMCO FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

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

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):

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

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

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

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

1

Section 8 — Other Events

Item 8.01.   Other Events.

     On March 27, 2007, Camco Financial Corporation issued news releases announcing a dividend on its common stock and a stock repurchase plan. The news releases are attached as Exhibits 99.1 and 99.2.

Section 9 — Financial Statements and Exhibits

Item 9.01   Financial Statements and Exhibits.

     (a) Financial statements of business acquired.

           Not applicable.

     (b) Pro forma financial information.

           Not applicable.

     (c) Exhibits.

Exhibit No.	Description
99.1	News Release of Camco Financial Corporation dated March 27, 2007, regarding dividend
99.2	News Release of Camco Financial Corporation dated March 27, 2007, regarding stock repurchase plan

2

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/ Mark A. Severson
		Mark A. Severson
Date: March 28, 2007		Chief Financial Officer

3

EX-99.1

EXHIBIT 99.1

Camco Financial Announces Quarterly Cash Dividend

Cambridge, Ohio — Camco Financial Corporation (Nasdaq: CAFI) today announced a quarterly cash dividend of 15 cents per share. The dividend was declared March 27, 2007 for shareholders of record on April 10, 2007 and is payable on April 20, 2007.

Camco’s CEO & President, Richard C. Baylor, commented, “We are pleased to continue our history of paying our stockholders an attractive cash dividend, currently yielding 4.85%, which compares favorably to alternative taxable investments”.

Camco Financial Corporation, holding company of Advantage Bank, is a multi-state financial services holding company headquartered in Cambridge, Ohio. Advantage Bank and its affiliates offer community banking that includes commercial, business and consumer financial services, internet banking and title insurance services from 31 offices in 22 communities in Ohio, Kentucky and West Virginia.

Additional information about Camco may be found on Camco’s web site:

www.advantagebank.com

EX-99.2

EXHIBIT 99.2

Camco Financial Announces 5% Stock Repurchase

Cambridge, Ohio (Nasdaq: CAFI) — The Board of Directors of Camco Financial Corporation has approved a stock repurchase plan under which the company may repurchase up to 5% of its outstanding common stock. Currently, Camco Financial has approximately 7.46 million common shares outstanding. This plan replaces a previous plan that was due to expire in April of 2007, in which over 110,000 shares were repurchased.

It is anticipated that the company will complete the program through open market purchases. The repurchased shares will be reserved in treasury for general corporate purposes, including reissue in connection with possible stock dividends, stock option exercises or future acquisitions.

Camco Financial Corporation, holding company of Advantage Bank, is a multi-state financial services holding company headquartered in Cambridge, Ohio. Advantage Bank and its affiliates offer community banking that includes commercial, business 31 offices in 22 communities in Ohio, Kentucky and West Virginia.

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.