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): October 26, 2004

                            EMCLAIRE FINANCIAL CORP.
                            ------------------------
             (Exact name of registrant as specified in its charter)


    Pennsylvania                    000-18464                    25-1606091
- -------------------------        ----------------           --------------------
   (State or other                 (Commission                  (IRS Employer
   jurisdiction of                 File Number)              Identification No.)
   incorporation)


             612 Main Street, Emlenton, PA                   16373
        (Address of principal executive offices)           (Zip Code)


Registrant's telephone number, including area code: (724) 867-2311

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:

|_|  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))






                            EMCLAIRE FINANCIAL CORP.
                           CURRENT REPORT ON FORM 8-K

ITEM 5.02(b).  DEPARTURE OF DIRECTORS FOR OTHER REASONS.

Bernadette H. Crooks retired from the Board of Directors of Emclaire Financial
Corp. effective October 20, 2004.


ITEM 5.02(d).  APPOINTMENT OF NEW DIRECTORS.

Mr. James M. Crooks was appointed Director of Emclaire Financial Corp. by the
Board of Directors on October 20, 2004. Mr. Crooks will serve on both the audit
and finance committees. Mr. Crooks is filling the vacancy created by the
retirement of Mrs. Bernadette H. Crooks and will serve as a Class B Director
whose term will expire in 2005.

Mr. Mark A. Freemer, CPA was appointed Director of Emclaire Financial Corp. by
the Board of Directors on October 20, 2004. Mr. Freemer will serve on both the
audit and human resource committees. Mr. Freemer is filling the vacancy created
by Mr. Rodney C. Heeter, who retired from the Board in May 2004, and will serve
as a Class A Director whose term will expire in May 2007.


ITEM 9.01: FINANCIAL STATEMENTS AND EXHIBITS.

(c)  Exhibits

Exhibit 99.1.  Press release dated October 26, 2004 announcing retirement and
               elections.





                                    SIGNATURE

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.



EMCLAIRE FINANCIAL CORP.




Date: October 26, 2004                           David L. Cox
                                                 -------------------------------

                                                 Name:  David L. Cox
                                                 Title: Chief Executive Officer
                                                        President

EX-99.1

                                                                    EXHIBIT 99.1

Emclaire Financial Corp. Announces Director Retirement and Appointment
                           of New Directors

    EMLENTON, Pa.--(BUSINESS WIRE)--Oct. 26, 2004--Emclaire Financial
Corp. (OTCBB:EMCF), the parent holding company of the Farmers National
Bank of Emlenton, is pleased to announce the appointment of two
directors effective October 20, 2004 and recognize the retirement of a
Director after years of service.
    Dave Cox would like to welcome to our Board of Directors of
Emclaire Financial Corp. the following two individuals:

    Mr. James M. Crooks is the well-respected business owner of Crooks
Clothing Company in Clarion, Pennsylvania. Mr. Crooks, son of
Mrs. Bernadette H. Crooks, will be replacing Mrs. Crooks as a Class B
Director whose term will expire in 2005.

    Mr. Mark A. Freemer, CPA is a partner in Clyde Ferraro and
Company, a public accounting firm in DuBois, Pennsylvania. Mr. Freemer
is filling the vacancy created by the retirement of Mr. Rodney C.
Heeter in May 2004. Mr. Freemer will serve as a Class A Director whose
term will expire in May 2007.

    Dave Cox and the employees of Emclaire Financial Corp. and the
Farmers National Bank of Emlenton would like to say a special thank
you to Mrs. Bernadette H. Crooks. Mrs. Crooks has been a member of the
Board of Directors for 19 years and has provided us with years of
experience and knowledge. We will miss her presence and her unending
support that she has given us over the years. She has a special place
in our hearts and we wish her the best of luck in her retirement.
    Emclaire Financial Corp. is the parent company of The Farmers
National Bank of Emlenton, an independent, nationally chartered,
FDIC-insured community bank headquartered in Emlenton, Pennsylvania,
operating ten full service offices in Venango, Butler, Clarion,
Clearfield, Elk and Jefferson counties, Pennsylvania. The
Corporation's common stock is quoted on and traded through the OTC
Electronic Bulletin Board under the symbol "EMCF". For more
information, visit the Corporation's website at
"www.emclairefinancial.com".

    CONTACT: Emclaire Financial Corp., Emlenton
             David L. Cox or Shelly L. Rhoades, 724-867-2311