EXHIBIT 99
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PRESS RELEASE Contact: Dottye Robeson



FOR IMMEDIATE RELEASE
Chief Financial Officer
Phone: 574-722-3855
Fax: 574-722-3857
Email: dottyer@logansportsavings.com




                      LOGANSPORT FINANCIAL CORP. ANNOUNCES
                            STOCK REPURCHASE PROGRAM

Logansport,  Indiana (March 27, 2002) Logansport  Financial  Corp.,(NASDAQ Small
Cap Market,  LOGN),  an Indiana  corporation  which is the  holding  company for
Logansport  Savings Bank, FSB, a federal savings bank,  announced today that the
Board of Directors has approved the  repurchase,  from time to time, on the open
market of up to 10% of the Company's outstanding shares of common stock, without
par value ("Common Stock"),  or 99,000 such shares.  Such purchases will be made
subject to market conditions in the open market or block  transactions at prices
deemed  appropriate by management.  Repurchases  will begin after the release of
first quarter  earnings.  It is anticipated that earnings will be released on or
around  April 16,  2002.  In  February,  the Company  completed a 5%  repurchase
previously announced November 23,2001.

According  to  David  G.  Wihebrink,  President  of the  Company,  the  Board of
Directors  believes  the  repurchase  program  is in the best  interests  of the
Corporation and its shareholders. The open market purchases will have the effect
of enhancing  the  potential  growth in earnings per share of the  Corporation's
remaining outstanding shares.

Statements  contained in this press  release that are not  historical  facts may
constitute  forward-looking statements (within the meaning of Section 21E of the
Securities Exchange Act of 1934, as amended) which involve significant risks and
uncertainties. The Company intends such forward-looking statements to be covered
by the Private  Securities  Litigation Reform Act of 1995, and is including this
statement for purposes of invoking those safe harbor  provisions.  The Company's
ability to predict results or the actual effect of future plans or strategies is
inherently  uncertain and involves a number of risks and uncertainties,  some of
which have been set forth in the  Company's  most recent  annual  report on Form
10-K,  which  disclosures are  incorporated by reference  herein.  The fact that
there are various  risks and  uncertainties  should be  considered in evaluating
forward-looking  statements  and  undue  reliance  should  not be placed on such
statements.