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: April 21, 2003
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United Community Financial Corp.
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(Exact name of registrant as specified in its charter)
Ohio 0-24399 34-1856319
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(State or other jurisdiction (Commission (IRS Employer of
incorporation) File Number) Identification Number)
275 Federal Plaza West
Youngstown, Ohio 44503-1203
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (330) 742-0500
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Not Applicable
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(Former name or former address, if changes since last report.)
Item 5: Other Events
United Community Financial Corp. Announces Share Repurchase Program
Youngstown, OH (April 21, 2003) - United Community Financial Corp. (Nasdaq:
UCFC), holding company of The Home Savings and Loan Co. and Butler Wick Corp.,
today announced that its Board of Directors has approved a plan to repurchase an
additional 1,000,000 shares of the Company's common stock. The shares will be
purchased through open market transactions. Currently, there are 276,247 shares
remaining to be purchased from the repurchase program that was previously
announced on October 23, 2000.
Douglas M. McKay, chairman and chief executive officer of UCFC, said, "We
continue to look for opportunities to profitably deploy our excess capital. We
feel that at current prices, the purchase of UCFC stock represents great value
while also supplying additional liquidity to our shareholder base."
Home Savings and Butler Wick are wholly owned subsidiaries of United Community
Financial Corp. Home Savings operates 34 full service banking offices and 4 loan
production offices located throughout Northern Ohio and Western Pennsylvania.
Butler Wick has 12 office locations providing full service retail brokerage,
capital markets and trust services throughout Northern Ohio and Western
Pennsylvania. Additional information on United Community may be found on United
Community's web site: www.ucfconline.com.
Contact:
Patrick A. Kelly
Chief Financial Officer
(330) 742-0500, Ext. 2592
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.
UNITED COMMUNITY FINANCIAL CORP.
By: /s/ Patrick A. Kelly
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Patrick A. Kelly
Chief Financial Officer
Dated: April 21, 2003