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 May 29, 1996
(Date of earliest event reported)

CENTURY FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter) 

          Pennsylvania                  0-17416               25-1553790
- -------------------------------       ------------      ----------------------
(State or other jurisdiction of       (Commission          (I.R.S. Employer
incorporation or organization)        File Number)      Identification Number)

One Century Place
Rochester, Pennsylvania 15074
(Address of principal executive offices)(Zip code)

(412) 774-1872
(Registrant's telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)

CENTURY FINANCIAL CORPORATION
FORM 8-K
CURRENT REPORT

ITEM 1. Changes in Control of Registrant

None

ITEM 2. Acquisition or Disposition of Assets

None

ITEM 3. Bankruptcy or Receivership

None

ITEM 4. Changes in Registrant's Certifying Accountant

None

ITEM 5. Other Events

On May 15, 1996 the Corporation received approval of its application to the NASDAQ National Market for Public Securities for a listing on the NASDAQ National Market. Trading of the Corporation's Common Stock is expected to commence on June 3, 1996 under the symbol "CYFN".

ITEM 6. Resignations of Registrant's Directors

None

ITEM 7. Financial Statements and Exhibits

None

ITEM 8. Change in Fiscal Year

None

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.

Century Financial Corporation 

Date:  May 29, 1996      By  /s/   Joseph N. Tosh, II
                            -------------------------------------
                            Joseph N. Tosh, II
                            President and Chief Executive Officer
                            (Principal Executive Officer)


Date:  May 29, 1996       By /s/ Donald A. Benziger
                            -------------------------------------
                            Donald A. Benziger
                            Senior Vice President and Chief Financial Officer
                            (Principal Financial Officer)

3