8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549




                                    FORM 8-K




                                 CURRENT REPORT
     Pursuant to Section 13 or 15(b) of the Securities Exchange Act of 1934



       Date of Report (Date of earliest event reported): October 22, 1996



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



                                     INDIANA
                 (State of other jurisdiction of incorporation)

                  0-25910                               35-1945736
         (Commission File Number)              (IRS Employer Identification No.)


         723 East Broadway
         Logansport, Indiana                                 46947
(Address of principal executive offices)                   (Zip Code)



        Registrants telephone number, including area code: (219) 722-3855










Item 5.  Other Events.

         Pursuant to General Instruction F to Form 8-K, the press release issued
October 22, 1996,  concerning  the  Corporation's  stock  repurchase  program is
attached hereto as Exhibit 1 and incorporated by reference herein.

Item 7.  Financial Statements and Exhibits.

         (c)      Exhibits

                  Exhibit 1 - Press Release dated October 22, 1996.



                                   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 hereunto duly authorized.



                                       /s/ Thomas G. Williams
                                       -----------------------------------------
                                       Thomas G. Williams, President and
                                       Chief Executive Officer


Dated: October 30, 1996

EX-99

                                                                       Exhibit 1


Press Release                                              FOR IMMEDIATE RELEASE
                                                         Contact: Dottye Robeson
                                                         Chief Financial Officer
                                                            Phone: (219)722-3855


                           LOGANSPORT FINANCIAL CORP.
                       ANNOUNCES STOCK REPURCHASE PROGRAM


         Logansport,  Indiana  (October 22, 1996).  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 5% of the Corporation's  outstanding shares of
common stock,  without par value ("Common Stock"),  or 66,125 such shares.  Such
purchases  will be made  subject to market  conditions  in open  market or block
transactions.  Repurchases  may begin as early as October  28,  1996,  since the
required regulatory clearance has been received.

         According  to Thomas G.  Williams,  President of the  Corporation,  the
board of directors  believes the  repurchase  program is in the best interest of
the company and its stockholders. The open market purchases will have the effect
of enhancing  the book value per share and the  potential for growth in earnings
per share of the Corporation's remaining outstanding shares.

         As of September 30, 1996, the company had consolidated  total assets of
$79.7 million and stockholders' equity of $19.9 million.