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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 11-K
  þ
    
    ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
 For the fiscal year ended December 31, 2010
 OR
 o
    
    TRANSITIONS REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
 For the transition period from  to .
 Commission file number: 0-024399
 A.
    
    Full title of the plan and the address of the plan, if different from that of
the issuer below:
 THE HOME SAVINGS AND LOAN COMPANY 401(k) SAVINGS PLAN
 B.
    
    Name of issuer of the securities held pursuant to the plan and the address of
its principal executive office:




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REQUIRED INFORMATION
  Description:
   Audited Financial Statements:
 Statement of Net Assets Available for Benefits at December 31, 2010 and December 31, 2009.Statement of Changes in Net Assets Available for Benefits for the year ended December 31,
2010.
  Supplemental Schedule:
   ExhibitNo.
    
    Description23.1
    
    
    Consent of Crowe Horwath LLP Independent Auditors




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THE HOME SAVINGS & LOAN COMPANY
401(k) SAVINGS PLAN
 FINANCIAL STATEMENTS




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##### 



REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
    
    
    1FINANCIAL STATEMENTSSTATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
    
    
    2STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
    
    
    3NOTES TO FINANCIAL STATEMENTS
    
    
    4SUPPLEMENTAL SCHEDULESCHEDULE H, LINE 4i  SCHEDULE OF ASSETS (HELD AT END OF YEAR)
    
    
    13EX-23.1




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/s/ Crowe Horwath LLP

Crowe Horwath LLPColumbus, OHJune 27, 2011
   1




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2010
    
    
    2009ASSETSInvestments, at fair value (Note 4)Registered investment companies
    
    $
    16,011,609
    
    
    $
    13,823,415Stable value fund
    
    
    820,218
    
    
    
    601,440United Community Financial Corp.
Common Stock
    
    
    910,890
    
    
    
    893,19917,742,717
    
    
    
    15,318,054Cash
    
    
    2,576
    
    
    
    306ReceivablesNotes receivable from participants
    
    
    561,096
    
    
    
    518,270Total assets
    
    
    18,306,389
    
    
    
    15,836,630Net assets reflecting all investments at fair value
    
    
    18,306,389
    
    
    
    15,836,630Adjustments from fair value to contract value for
fully benefit responsive investment contracts
    
    
    (48,813
    )
    
    
    (13,404
    )NET ASSETS AVAILABLE FOR BENEFITS
    
    $
    18,257,576
    
    
    $
    15,823,226
   2




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##### Table of Contents



Additions to net assets attributed to:Investment incomeNet appreciation in fair value of investments (Note 4)
    
    $
    1,514,669Dividends
    
    
    206,1781,720,847Interest income on notes receivables from participants
    
    
    29,380ContributionsEmployer
    
    
    475,946Participant
    
    
    1,345,996Rollovers
    
    
    167,2151,989,157Total additions
    
    
    3,739,384Deductions from net assets attributed to:Benefits paid to participants
    
    
    (1,262,792
    )Administrative expenses
    
    
    (42,242
    )Total deductions
    
    
    (1,305,034
    )Net increase
    
    
    2,434,350Net assets available for benefits:Beginning of year
    
    
    15,823,226End of year
    
    $
    18,257,576
   3




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NOTE 1  DESCRIPTION OF PLAN
  General
 Contributions
 Participant Accounts
 Vesting
 Years of Service
    
    Vest %Less than 1
    
    
    0
    %1
    
    
    0
    %2
    
    
    0
    %3
    
    
    100
    %
   4




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Forfeited Accounts
 Retirement, Death and Disability
 Payment of Benefits
 Notes Receivable from Participants
 NOTE 2  SUMMARY OF ACCOUNTING POLICIES
 Basis of Accounting
 Adoption of New Accounting Standard investments notes receivable from participants
 Investment Valuation and Income Recognition
   5




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Fully Benefit-Responsive Investment Contracts
 Notes Receivable from Participants
 Estimates
 Payment of Benefits
 Risk and Uncertainties
 Concentration of Credit Risk
   6




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NOTE 3  RIGHTS UPON PLAN TERMINATION
  NOTE 4  INVESTMENTS
  December 31, 2010Units or Shares
    
    
    Fair ValueRegistered Investment CompaniesAmerican Funds Fundamental Investors Fund
    
    
    35,401
    
    
    $
    1,299,215American Funds Investment Company of
America Fund
    
    
    43,941
    
    
    
    1,237,377Victory Diversified Stock Fund
    
    
    77,474
    
    
    
    1,209,368American Funds Growth Fund of America
    
    
    34,970
    
    
    
    1,064,492Davis New York Venture Fund
    
    
    30,063
    
    
    
    1,032,368American Funds AMCAP Fund
    
    
    53,879
    
    
    
    1,013,976United Community Financial Corp., common stock
    
    
    679,769
    
    
    
    910,890
    *
 *
    
    Amounts disclosed do not represent 5% or more of net asset as of December 31, 2010 and are included
for comparison purposes only.   7




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NOTE 4  INVESTMENTS
 December 31, 2009Units or Shares
    
    
    Fair ValueRegistered Investment CompaniesAmerican Funds Fundamental Investors Fund
    
    
    32,751
    
    
    $
    1,071,929Victory Diversified Stock Fund
    
    
    74,739
    
    
    
    1,044,858American Funds Investment Company of
America Fund
    
    
    40,205
    
    
    
    1,043,323American Funds AMCAP Fund
    
    
    55,234
    
    
    
    916,876American Funds Growth Fund of America
    
    
    33,522
    
    
    
    916,155Davis New York Venture Fund
    
    
    27,872
    
    
    
    863,488United Community Financial Corp., common stock
    
    
    615,999
    
    
    
    893,196
  Registered investment companies
    
    $
    1,548,060Stable value fund
    
    
    26,644United Community Financial Corp. common stock
    
    
    (60,035
    )$
    1,514,669
 NOTE 5  FAIR VALUE MEASUREMENT
    8




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Common stock:
 Registered investment companies:
 Stable value fund:
   9




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NOTE 5  FAIR VALUE MEASUREMENT
  Fair Value Measurements at December 31, 2010 Using:SignificantQuoted Prices in
    
    
    Other
    
    
    SignificantActive Markets for
    
    
    Observable
    
    
    UnobservableIdentical Assets
    
    
    Inputs
    
    
    Inputs(Level 1)
    
    
    (Level 2)
    
    
    (Level 3)Investments:Registered investment companiesBalanced funds
    
    $
    2,156,787
    
    
    $
    
    
    
    $
    Domestic equity large cap funds
    
    
    7,380,622
    
    
    
    
    
    
    
    Domestic equity mid cap funds
    
    
    1,110,823
    
    
    
    
    
    
    
    Fixed income funds
    
    
    1,597,342
    
    
    
    
    
    
    
    Foreign equity funds
    
    
    3,192,155
    
    
    
    
    
    
    
    Money market funds
    
    
    573,880
    
    
    
    
    
    
    
    UCFC common stock
    
    
    910,890
    
    
    
    
    
    
    
    Stable value fund
    
    
    
    
    
    
    820,218
    
    
    
    
 Fair Value Measurements at December 31, 2009 Using:SignificantQuoted Prices in
    
    
    Other
    
    
    SignificantActive Markets for
    
    
    Observable
    
    
    UnobservableIdentical Assets
    
    
    Inputs
    
    
    Inputs(Level 1)
    
    
    (Level 2)
    
    
    (Level 3)Investments:Registered investment companiesBalanced funds
    
    $
    1,966,890
    
    
    $
    
    
    
    $
    Domestic equity large cap funds
    
    
    6,270,833
    
    
    
    
    
    
    
    Domestic equity mid cap funds
    
    
    725,174
    
    
    
    
    
    
    
    Fixed income funds
    
    
    1,327,665
    
    
    
    
    
    
    
    Foreign equity funds
    
    
    2,769,417
    
    
    
    
    
    
    
    Money market funds
    
    
    734,436
    
    
    
    
    
    
    
    UCFC common stock
    
    
    893,199
    
    
    
    
    
    
    
    Stable value fund
    
    
    
    
    
    
    601,440
    
    
    
    
  10




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NOTE 6  INVESTMENT CONTRACT WITH INSURANCE COMPANY
   Adjustment from fair value to contract value for
fully benefit-responsive investment contracts
 2009Average yields:Based on annualized earnings (1)
    
    
    7.34
    %Based on interest rate credited to participants (2)
    
    
    3.96
    %
 (1)
    
    Computed by dividing the annualized one-day actual earnings of the contract on the last
day of the Plan year by the fair value of the contract investments on the same date.(2)
    
    Computed by dividing the annualized one-day earnings credited to participants on the
last day of the Plan year by the fair value of the contract investments on the same date.  11




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NOTE 7  PARTY-IN-INTEREST TRANSACTIONS
  NOTE 8  TAX STATUS
   12




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SUPPLEMENTAL SCHEDULE




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Name of Plan Sponsor:
    
    The Home Savings & Loan CompanyEmployer identification number:
    
    34-0296160Three digit plan number:
    
    001(b)
    
    (c)Identity of Issue,
    
    Description of Investment Including
    
    
    
    (e)Borrower, Lessor
    
    Maturity Date, Rate of Interest,
    
    (d)
    
    Current(a)
    
    or Similar Party
    
    Collateral, Par or Maturity Value
    
    Cost
    
    ValueCommon stock*
    
    United Community Financial Corp.
    
    Common stock, 679,769 shares
    
    **
    
    $
    910,890910,890Registered investment companiesPioneer Investments
    
    Pioneer Mid-cap Value Fund,
24,761 shares
    
    **
    
    
    516,869Victory Funds
    
    Victory Diversified Stock Fund,
77,474 shares
    
    **
    
    
    1,209,368AIM Investments
    
    AIM International Growth Fund,
25,886 shares
    
    **
    
    
    713,410Alliance Capital Management
    
    Alliance Bernstein Balanced Fund,
43,880 shares
    
    **
    
    
    648,548Alliance Capital Management
    
    Alliance Bernstein Global Thematic Growth
Fund,
5,531 shares
    
    **
    
    
    426,797American Funds
    
    American Balanced Fund,
42,709 shares
    
    **
    
    
    765,775American Funds
    
    The Bond Fund of America,
46,061 shares
    
    **
    
    
    561,480Davis Funds
    
    Davis New York Venture Fund,
30,063 shares
    
    **
    
    
    1,032,368American Funds
    
    EuroPacific Growth Fund,
17,340 shares
    
    **
    
    
    717,367American Funds
    
    Fundamental Investors Fund,
35,401 shares
    
    **
    
    
    1,299,215American Funds
    
    The Growth Fund of America,
34,970 shares
    
    **
    
    
    1,064,492American Funds
    
    The Investment Company of America Fund
43,941 shares
    
    **
    
    $
    1,237,377American Funds
    
    Small World Class A
17,038 shares
    
    **
    
    
    662,104
 *
    
    - Denotes party-in-interest**
    
    - All investments are participant directed, therefore,
historical cost information is not required.  14




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Name of Plan Sponsor:
    
    The Home Savings & Loan CompanyEmployer identification number:
    
    34-0296160Three digit plan number:
    
    001(b)
    
    (c)Identity of Issue,
    
    Description of Investment Including
    
    
    
    (e)Borrower, Lessor
    
    Maturity Date, Rate of Interest,
    
    (d)
    
    Current(a)
    
    or Similar Party
    
    Collateral, Par or Maturity Value
    
    Cost
    
    ValueMFS Investment Management
    
    MFS Total Return Fund,
52,657 shares
    
    **
    
    
    742,464Franklin Templeton Investments
    
    Franklin Small Mid Cap Growth Fund
15,919 shares
    
    **
    
    
    593,954Franklin Templeton Investments
    
    Franklin U.S. Government Securities Fund
74,985 shares
    
    **
    
    
    506,899American Funds
    
    AMCAP Fund
53,849 shares
    
    **
    
    
    1,013,976Seligman
    
    Seligman Communications & Information Fund
11,716 shares
    
    **
    
    
    523,826Thornburg
    
    Thornburg International Value Fund,
23,957 shares
    
    **
    
    
    672,477Pimco Advisors
    
    Pimco Low Duration Fund,
50,911 shares
    
    **
    
    
    528,963Federated Funds
    
    Federated Government Obligations Fund
573,880 shares
    
    **
    
    
    573,88016,011,609Stable Value Fund*
    
    Wilmington Trust Company
    
    Stable Value Fund,
5,232 shares
    
    **
    
    
    771,405771,405*
    
    Participant loans
    
    Participant loans with interest
rates ranging from 5%  8%
    
    
    
    
    561,096561,096$
    18,255,000
 *
    
    - Denotes party-in-interest**
    
    - All investments are participant directed, therefore,
historical cost information is not required.  15




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SIGNATURES
 The Plan.
  By:
    
    The Home Savings and Loan Company of Youngstown, OhioIts:
    
    AdministratorDate: June 28, 2011
    
    /s/ Patrick W. BevackPatrick W. Bevack, President and CEO




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INDEX TO EXHIBITS
 ExhibitNo.
    
    Description23.1
    
    
    Consent of Crowe Horwath LLP
Independent Auditors