SECURITY AND EXCHANGE COMMSSION
                              WASHNGTON, D.C. 20549
                                   FORM 10-QSB
(Mark One)
  (X)      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
           EXCHANGE ACT OF 1934

For the quarterly period ended SEPTEMBER 30, 1999

                                       OR

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
  OF 1934

  Commission File Number:        0-29276

                      FIRST ROBINSON FINANCIAL CORPORATION
               (Exact name of registrant as specified its charter)

         DELAWARE                                              36-4145294
(State or other jurisdiction                        I.R.S. Employer ID Number
of incorporation or organization)


 501 EAST MAIN STREET, ROBINSON.  ILLINOIS                      62454
   (Address of principal executive offices)                  (Zip Code)

Registrant's telephone number, including area code (618) 544-8621


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days.
                            YES X                NO

As of November 12, 1999, the Registrant had 752,972 shares of Common Stock,  par
value $0.01, issued and outstanding.


Transitional Small Business Disclosure Format (check one):
                            YES                  NO  X




<PAGE>






                      FIRST ROBINSON FINANCIAL CORPORATION
                              Index to Form 10-QSB

PART I. FINANCIAL INFORMATION                                         PAGE

  Item 1. Financial Statements

          Consolidated Balance Sheet as of September 30, 1999
           And March 31, 1999                                          3

          Consolidated Statements of Income for the Three and
           Six Month Periods Ended September 30, 1999 and
           September 30, 1998                                          4

          Consolidated Statements of Stockholders' Equity for
           the Six Month Periods Ended September 30, 1999 and
           September 30, 1998                                          5

          Consolidated Statements of Cash Flows for the Three
           and Six Month Periods Ended September 30, 1999 and
           September 30, 1998                                          6

          Notes to Consolidated Financial Statements                   8

  Item 2. Management's Discussion and Analysis of
          Financial Condition and Results of Operations               11

PART II. OTHER INFORMATION

  Item 1.Legal Proceedings                                            17

  Item 2.Changes in Securities                                        17

  Item 3.Defaults Upon Senior Securities                              17

  Item 4.Submission of Matters to a Vote of Security Holders          17

  Item 5.Other Information                                            17

  Item 6.Exhibits and Reports on Form 8-K                             17

         SIGNATURES                                                   18



<PAGE>
Item I. Financial Statements

                  FIRST ROBINSON FINANCIAL CORP. AND SUBSIDIARY
                  CONSOLIDATED STATEMENT OF FINANCIAL CONDITION
<TABLE>
<CAPTION>
                                                           Unaudited    Audited
                                                            9/30/99     3/31/99
                                                           ---------   ---------
<S>                                                         <C>           <C>
                                     ASSETS
                                                                 ($1,000's)
Cash and Cash Equivalents:
  Cash and due from banks                                   $1,224      $1,007
  Interest bearing deposits                                  3,226       4,268
                                                             -----       -----
   Total Cash and Cash Equivalents                           4,450       5,275

Securities available for sale, amortized cost
 of $16,249 and $11,942 at September 30, 1999
 and March 31, 1999 respectively                            15,752      11,919
Securities held to maturity, estimated market
 value of $177 and $195 at September 30, 1999
 and March 31, 1999, respectively                              175         190
Loans receivable, net                                       62,519      62,593
Accrued interest receivable                                    821         698
Premises and equipment, net                                  2,911       2,918
Foreclosed real estate                                          30           0
Prepaid income tax                                               0          97
Deferred income tax                                            116           0
Other assets                                                   133         107
                                                               ---         ---
   Total Assets                                            $86,907     $83,797
                                                           -------     -------
                  LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits                                                   $69,554     $67,325
Advances from Federal Home Loan Bank                         4,500       2,000
Repurchase agreements                                        1,558       2,206
Advances from Borrowers for taxes and insurance                 40          98
Accrued interest payable                                       291         294
Accrued income taxes                                            95           0
Deferred income taxes                                            0          69
Accrued expenses                                                92         243
                                                                --         ---
   Total Liabilities                                        76,130      72,235
                                                            ------      ------
Commitments and Contingencies
Stockholders' Equity
  Common stock, $ .01 par value; authorized
   2,000,000 shares 859,625 shares issued
   and outstanding                                              9           9
  Preferred stock, $.01 par value;
   authorized 500,000 shares, No shares issued
   and outstanding
Additional paid-in capital                                   8,290       8,277
Retained earnings                                            5,254       5,175
Treasury stock, at cost                                    (1,498)       (747)
Accumulated other comprehensive income                       (303)        (14)
Common stock acquired by ESOP/RRP                            (975)     (1,138)
                                                            -----     -------
        Total Stockholders' Equity                         10,777      11,562
                                                           ------      ------
        Total Liabilities and Stockholders'
         Equity                                           $86,907     $83,797
                                                          -------     -------

The  accompanying  notes are an integral  part of these  consolidated  financial
statements.
</TABLE>


                                            3

<PAGE>
                  FIRST ROBINSON FINANCIAL CORP. AND SUBSIDIARY
               CONSOLIDATED STATEMENTS OF INCOME For the Three and
               Six Month Periods Ended September 30, 1999 and 1998
                                   (Unaudited)
<TABLE>
<CAPTION>
                                  Three Month Period          Six Month Period
                                ----------------------      --------------------
                                                  ($1,000's)
                                   1999        1998           1999        1998
                                   ----        ----           ----        ----
<S>                                <C>            <C>            <C>       <C>
Interest income:
 Interest on Loans               $1,370      $1,480         $2,736      $2,951
 Interest and dividends
  on securities                     282         182            526         339
                                    ---         ---            ---         ---
  Total interest income           1,652       1,662          3,262       3,290
                                 ------       -----         ------       -----
Interest expense:
 Interest on deposits               710         769          1,425       1,506
 Interest on FHLB advances           38          26             63          51
 Interest on repurchase
  agreements                         24          31             54          60
                                     --          --             --          --
  Total interest expense            772         826          1,542       1,617
                                    ---         ---          -----       -----
  Net interest income               880         836          1,720       1,673

Provision for loan losses            30          45             90         115
                                    ---          --             --         ---
  Net interest income after
   provision                        850         791          1,630       1,558

Non-interest income:
 Service charges                     97          70            196         135
 Loan fees                           20          15             44          32
 Other non-interest income           33          14             66          31
                                     --          --             --          --
  Total other income                150          99            306         198

Non-interest expense:
 Compensation and employee
  benefits                          414         564            825         886
 Occupancy and equipment            121         113            234         222
 Foreclosed property expense          0          15              0          29
 Data Processing                     22          22             41          41
 Audit, legal and other
  professional                       28          50             50          76
 SAIF deposit insurance              10          15             25          25
 Advertising                         22          16             42          31
 Telephone and postage               25          23             48          45
 Other                               82          98            164         183
                                    ---          --            ---         ---
  Total other expenses              724         916          1,429       1,538
                                   ----         ---          -----       -----
  Income (Loss) before income tax   276         (26)           507         218

Provision for (benefit from)
 income taxes                        99         (16)           182          79
                                    ---        ----            ---          --
 Net Income (Loss)                 $177        $(10)          $325        $139
                                   ----       -----          -----        ----
Earnings Per Share-Basic          $0.25      $(0.01)         $0.44       $0.18
Earnings Per Share-Diluted        $0.25      $(0.01)         $0.44       $0.18

</TABLE>

The accompanying notes are an integral part of these consolidated statements.

                                        4

<PAGE>

                  FIRST ROBINSON FINANCIAL CORP. AND SUBSIDIARY
                 CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
           For The Six Month Periods Ended September 30, 1999 and 1998
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                   Unallocated  Accumulated
                                                                                      ESOP          Other              Compre-
                                        Common    Paid-in     Retained    Treasury     and     Comprehensive           hensive
                                        Stock     Capital     Earnings      Stock      RRP         Income     Total    Income
                                        ------   ---------    ---------   --------   -------  --------------  ------  ---------
<S>                                     <C>          <C>        <C>            <C>       <C>    <C>           <C>       <C>
                                                                        ($1,000's)

Balance at March 31, 1999                $9       $8,277       $5,175      $(747)   $(1,138)     $(14)        $11,562
Net Income                                                        325                                             325     $325
                                                                                                                          ----
Other Comprehensive Income
  Unrealized gain (loss) on
  Securities, net of related tax                                                                                          (474)
     effects of                                                                                                            185
                                                                                                                          ----
  Total other comprehensive income                                                               (289)           (289)    (289)
                                                                                                                          ----
 Total comprehensive income                                                                                                $36
                                                                                                                           ---

Rounding                                                           1                                                1
Allocation of ESOP shares                            13                                40                          53
Allocation of RRP Shares                                                              123                         123
Treasury Stock at cost                                                      (751)                                (751)
Dividends paid                                                  (247)                                            (247)
                                       -------------------------------------------------------------------------------

Balance at September 30, 1999          $9         $8,290      $5,254     $(1,498)   $(975)      $(303)         $10,777
                                       --         ------      ------     -------    -----       -----          -------

</TABLE>
<TABLE>
<CAPTION>
                                                                                   Unallocated  Accumulated
                                                                                      ESOP          Other              Compre-
                                        Common    Paid-in     Retained    Treasury     and     Comprehensive           hensive
                                        Stock     Capital     Earnings      Stock      RRP         Income     Total    Income
                                        ------   ---------    ---------   --------   -------  --------------  ------  ---------
<S>                                     <C>          <C>        <C>            <C>       <C>    <C>           <C>       <C>
                                                                        ($1,000's)

Balance at March 31, 1998              $9         $8,232      $5,223       $0         $(602)     $33         $12,895
Net Income                                                       139                                             139       $139
                                                                                                                           ----
Other Comprehensive Income
  Unrealized gain (loss) on
  Securities, net of related tax                                                                                             68
     effects of                                                                                                             (27)
                                                                                                                            ---
  Total other comprehensive income                                                                41              41         41
                                                                                                                             --
  Total comprehensive income                                                                                               $180
                                                                                                                           ----
Allocation of ESOP shares                            24                                  35                       59
Recognition & Retention Plan                                                           (623)                    (623)
Treasury Stock at cost                                                   (747)                                  (747)
Dividends paid                                                 (258)                                            (258)
                                       -------------------------------------------------------------------------------

Balance at September 30, 1998          $9        $8,256      $5,104     $(747)      $(1,190)     $74         $11,506
                                       --        ------      ------     -----       -------      ---         -------
</TABLE>

The  accompanying  notes are an integral  part of these  consolidated  financial
statements.

                                        5

<PAGE>
                  FIRST ROBINSON FINANCIAL CORP. AND SUBSIDIARY
               CONSOLIDATED STATEMENTS OF CASH FLOWS For the Three
             and Six Month Periods Ended September 30, 1999 and 1998
                                   (UNAUDITED)
<TABLE>
<CAPTION>
                                       Three Month Period           Six Month Period
                                      --------------------        -------------------
                                                           ($1,000's)
                                         1999        1998           1999        1998
                                         ----        ----           ----        ----
<S>                                     <C>           <C>            <C>        <C>
Cash flows from operating activities:
  Net income                            $177        $ (10)          $325         $139

  Adjustments to reconcile net income
   to net cash provided by (used in)
   operating activities
   Provision for depreciation             70           57            134          113
   Provision for loan losses              30           45             90          115
   Net amortization and accretion
   on investments                          4            7             15           13
   ESOP shares allocated                  27           28             53           59
   Decrease (increase) in accrued
    interest receivable                 (101)         (33)          (123)          (9)
   Decrease (increase) decrease in
    prepaid income taxes                  18          (86)            97          (57)
   Decrease (increase) in other assets   (23)         (58)           (26)          36
  (Decrease) increase in accrued
   interest payable                       (6)          64             (3)          13
  (Decrease) increase in accrued
   income taxes                           95          (67)            95            0
  (Decrease) increase in deferred
   income taxes                            0            0              0            0
  Increase (decrease) in accrue         (235)          (7)          (151)        (121)
  Gain on sale of loans                    0            0              0            0
  Gain on sale of premises and
   equipment                               0            0              0            0
  Loss on sale of mortgage-backed
   securities                              0            0              0            0
                                       -----         ----           ----         ----
    Net cash provided by operating
     activities                           56          (60)           506          301
                                       -----         ----           ----         ----
  Cash flows from investing
   activities:
   Proceeds from sale of securities
    available for sale                     0            0              0            0
   Proceeds from maturities of
    securities available for sale          0            0              0            0
   Proceeds from sale of mortgage
    -backed securities
    available for sale                     0            0              0            0

   Proceeds from maturities of
    securities held to maturity            0            0             15           15
   Purchase of securities held to
    maturity                               0            0              0          (35)
   Purchase of securities available
    for sale                          (1,000)           0         (1,000)        (741)
   Purchase of mortgage-backed
    securities available for sale          0       (2,216)        (4,498)      (6,112)
   FHLB Stock purchased                    0            0            (45)         (16)
   Repayment of principal- mortgage
   -backed securities                    516          405          1,220          712
   Decrease (increase) in loans
    receivable                        (1,029)         321         (1,073)        (978)
   Purchase of loans and
    participations                         0            0              0            0
   Sale or participation of
    originated loans                      35            0          1,059        1,431
   Decrease (increase) in
   foreclosed real estate                (30)         136            (30)         197
   Purchase of premises and
    equipment                            (62)         (71)          (127)        (167)
                                       -----         ----           ----         ----
    Net cash used in investing
     activities                       (1,570)     (1,425)        (4,479)      (5,694)
                                      ------      ------         ------       ------
</TABLE>
The  accompanying  notes are an integral  part of these  consolidated  financial
statements.

                                            6
<PAGE>
                  FIRST ROBINSON FINANCIAL CORP. AND SUBSIDIARY
               CONSOLDIATED STATEMENT OF CASH FLOWS For The Three
             and Six Month Periods Ended September 30, 1999 and 1998
                                   (Unaudited)
<TABLE>
<CAPTION>

                                       Three Month Period           Six Month Period
                                      --------------------        -------------------
                                                           ($1,000's)
                                         1999        1998           1999        1998
                                         ----        ----           ----        ----
<S>                                     <C>           <C>            <C>        <C>
Cash flows from financing activities:
  Net increase (decrease) in deposits  $(1,279)    $5,493         $2,229     $5,882

  Increase (decrease) in repurchase
   agreements                             (488)       (50)          (648)       377
  Advances from Federal Home Loan
   Bank                                  4,000          0          4,000          0
  Repayment of FHLB advances            (1,500)         0         (1,500)         0
  Increase in advances from borrowers
   for taxes and insurance                 (77)       (54)           (58)       (27)
  Proceeds from issuance of common
   stock                                     0          0              0          0
  Purchase of employee stock ownership
   plan                                      0          0              0          0
  Dividends paid                             0          0           (247)      (258)
  Purchase of stock for Recognition &
   Retention Plan                            0       (746)             0       (746)
  Funding of Recognition & Retention
   Plan                                    123        123            123        123
  Purchase of treasury stock              (482)      (747)          (751)      (747)
                                         -----      -----          -----     ------
    Net cash provided by financing
     activities                            297      4,019          3,148      4,604
                                         -----      -----          -----     ------
  Increase (decrease) in cash and
   cash equivalents                     (1,217)     2,534           (825)      (789)

  Cash and cash equivalents at
   beginning of period                   5,667      3,251          5,275      6,574
                                         -----      -----          -----     ------
  Cash and cash equivalents at end
   of period                            $4,450     $5,785         $4,450     $5,785
                                         -----      -----          -----     ------
Supplemental Disclosures:
  Additional Cash Flows Information:
  Cash paid for:
    Interest on deposits, advances
    and repurchase agreements             $771       $762         $1,539     $1,604
    Income taxes:
     Federal                                29         72             29        128
     State                                  12          4             22         17

Schedule of Non-Cash Investing
 Activities:
  Change in unrealized gain on
   securities available for sale          (109)       142           (474)        68
  Change in deferred income taxes
   attributed to unrealized gain
   on securities available for sale         43        (56)           185        (27)


</TABLE>
The  accompanying  notes are an integral  part of those  consolidated  financial
statements.

                                        7
<PAGE>

               FIRST ROBINSON FINANCIAL CORPORATION AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(1) BASIS OF PRESENTATION

The  consolidated  financial  statements  include the accounts of First Robinson
Financial  Corporation  (the  Company)  and its wholly owned  subsidiary,  First
Robinson  Savings  Bank,  National   Association  (the  Bank).  All  significant
intercompany  accounts and transactions  have been eliminated in  consolidation.
The accompanying  consolidated  financial statements are unaudited and should be
read in conjunction with the consolidated financial statements and notes thereto
included in the Company's  annual report dated April 21, 1999. The  accompanying
unaudited  consolidated  financial  statements  have been prepared in accordance
with the instructions for the Quarterly Repont on Form 10-QSB and, therefore, do
not include  information or footnotes  necessary for a complete  presentation of
financial  condition,  results of operations,  and cash flows in conformity with
generally accepted  accounting  principles.  In the opinion of management of the
Company, the unaudited consolidated financial statements reflect all adjustments
(consisting  of normal  recurring  accruals)  necessary  to  present  fairly the
financial  position of the Company at September  30, 1999 and the results of its
operations  and cash  flows for the three  month  and six  month  periods  ended
September 30, 1999 and 1998.  The results of  operations  for those months ended
September 30, 1999 are not necessarily  indicative of the results to be expected
for the full year.


(2)   STOCK CONVERSION

On June 27, 1997, the predecessor of the Bank,  First Robinson Savings and Loan,
F.A. completed its conversion from a federally chartered mutual savings and loan
to a national  bank and was  simultaneously  acquired by the Company,  which was
formed to act as the holding company of the Bank. At the date of the conversion,
the Company completed the sale of 859,625 shares of common stock $.01 par value,
to its Eligible  Account  Holders and Employee Stock  Ownership Plan (ESOP),  at
$10.00 per share.  Net proceeds  from the above  transactions,  after  deducting
offering  expenses,  underwriting  fees, and amounts  retained to fund the ESOP,
totaled $7,504,657.

(3)   EARNINGS PER SHARE

The Company has adopted Statement of Financial Accounting Standards ("SFAS") No.
128,  "Earnings  per  Share,"  which  requires  entities  with  complex  capital
structures  to present both basic  earnings  per share  ("EPS") and diluted EPS.
Basic EPS  excludes  dilution  and is computed by dividing  income  available to
common  shareholders by the weighted average number of common shares outstanding
for the period.  Diluted EPS reflects the potential dilution that could occur if
securities of other contracts to issue common stock (such as stock options) were
exercised or  converted  into common stock or resulted in the issuance of common
stock that  would  then share in the  earnings  of the  entity.  Diluted  EPS is
computed by dividing net income by the weighted  average number of common shares
outstanding  for the period,  plus  common-equivalent  shares computed using the
treasury stock method.  The Company's weighted average common shares outstanding
were 719,741 and 778,510 for the three month periods and 733,988 and 789,410 for
the six month  periods  ending  September  30, 1999 and 1998, respectively.  The
Company  approved a stock  option plan during the quarter  ended  September  30,
1998.  This plan had no dilutive  effect on the earnings per share since current
stock price was less than option price.

                                        8

<PAGE>

                  FIRST ROBINSON FINANCIAL CORP. AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(4) EMPLOYEE STOCK OWNERSHIP PLAN

In connection  with the conversion to the stock form of ownership,  the Board of
Directors established an employee stock ownership plan for the exclusive benefit
of  participating  employees.  Employees age 21 or older who have  completed one
year of service are  eligible to  participate.  Upon the  issuance of the common
stock,  the ESOP  acquired  68,770 shares of $0.01 par value common stock at the
subscription price of $10.00 per share. The Bank makes contributions to the ESOP
equal to the ESOP's  debt  service  less  dividends  received  by the ESOP.  All
dividends  received  by the ESOP are  used to pay debt  service.  As the debt is
repaid,  shares are released from collateral and allocated to active  employees.
The Bank accounts for its ESOP in accordance  with  Statement of Position  93-6.
Accordingly,  the debt of the ESOP is recorded as debt and the shares pledged as
collateral  are  reported as unearned  ESOP shares in the  consolidated  balance
sheets.  As shares are released from collateral,  the Bank reports  compensation
expense equal to the current  market price of the shares,  and the shares become
outstanding for earnings-per-share  calculations.  Dividends on allocated shares
are recorded as a reduction of retained earnings;  dividends on unallocated ESOP
shares  are  recorded  as  a  reduction  of  debt  or  accrued  interest.   ESOP
compensation  expense was $27,000 each for the three months ended  September 30,
1999 and 1998. For the six month periods ESOP  compensation  expense amounted to
$53,000 for the period ended September 30, 1999 and $58,000 for the period ended
September 30, 1998.

The ESOP shares at September 30, 1999 and 1998 were as follows:

                                                       1999              1998
                                                       ----              ----
          Allocated shares                            15,197             6,877
          Shares released for allocation               5,978             5,158
          Unallocated shares                          47,595            56,735
                                                      ------            ------
          Total ESOP shares                           68,770            68,770

          Fair value of unallocated shares          $657,406          $936,144



(5) DISCLOSURES ABOUT SEGMENTS OF AN ENTERPRISE AND RELATED INFORMATION

In June, 1997, the FASB issued SFAS No. 131,  "Disclosures  about Segments of an
Enterprise and Related Information".  SFAS 131 establishes standards for the way
that public business  enterprises  report  information about opening segments in
financial  statements  and  requires  that those  enterprises  report  selective
information  about  operating  segments in interim  financial  reports issued to
shareholders.  It also  establishes  standards  for  related  disclosures  about
products and services,  geographic areas, and major customers. This statement is
effective for financial  statements  for periods  beginning  after  December 15,
1997.  The Company has adopted the  appropriate  provisions of the statement for
the period ended September 30, 1999. The Company's  management believes that the
Company is  comprised of only one  reportable  operating  segment,  and that the
consolidated financial statements adequately reflect the financial condition and
operations of that segment.  The principal business of the Company is overseeing
the business of the Bank and  investing the portion of the net proceeds from its
initial public  offering  retained by it. The Company has no significant  assets
other  than  its  investment  in the  Bank,  a loan  to the  ESOP,  and  certain
investment  securities  and cash  and cash  equivalents.  The  Bank's  principle
business  consists of attracting  deposits from the general public and investing
these deposits in loans to its customers.  The Bank's  operating  facilities are
contained in Crawford County,  Illinois,  and its lending is concentrated within
Crawford  and  contiguous  counties.  The Bank has no  customers  from  which it
derives 10% or more of its revenue.


                                        9


<PAGE>

                  FIRST ROBINSON FINANCIAL CORP. AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS




(6) COMPREHENSIVE INCOME

The Company has adopted FASB Statement No. 130, Reporting  Comprehensive Income.
The statement  establishes  standards for reporting and display of comprehensive
income and its  components.  Comprehensive  income includes net income and other
comprehensive income, for which the Company includes unrealized gains and losses
on securities available for sale. Comprehensive income, unaudited, for the three
and six month periods ended September 30, 1999 and 1998 are as follows:

                                      THREE MONTH PERIOD       SIX MONTH PERIOD
                                      1999        1998        1999        1998
                                      ----        ----        ----        ----
                                                      ($1,000)

Net Income (Loss)                     $177       $(10)        $325        $139
                                      ----       ----         ----        ----
Other Comprehensive Income
Unrealized gains (losses) on
 securities                           (109)       142         (474)         68
Related tax effects                     43        (56)         185         (27)
                                        --        ---         ----        ----
Other Comprehensive Income (Losses)    (66)        86         (289)         41
                                      ----         --         ----        ----
Comprehensive Income                  $111        $76          $36        $180



                                       10
<PAGE>

                  FIRST ROBINSON FINANCIAL CORP. AND SUBSIDIARY

Item 2.   Management's Discussion and Analysis of Financial
          Condition and Results of Operations

FORWARD-LOOKING STATEMENTS

     When used in this filing and in future filings by First Robinson  Financial
Corp.  (the  "Company")  with the  Securities  and Exchange  Commission,  in the
Company's  press releases or other public or shareholder  communications,  or in
oral statements made with the approval of an authorized  executive officer,  the
words or phrases "would be," "will allow,"  "intends to," "will likely  result,"
"are expected to," "will continue," "is anticipated,"  "estimate,"  "project" or
similar expressions are intended to identify "forward-looking statements" within
the  meaning of the  Private  Securities  Litigation  Reform  Act of 1995.  Such
statements are subject to risks and uncertainties,  including but not limited to
changes in economic conditions in the Company's market area, changes in policies
by regulatory agencies,  fluctuations in interest rates, demand for loans in the
Company's market area and  competition,  all or some of which could cause actual
results  to differ  materially  from  historical  earnings  and those  presently
anticipated  or projected.  References in this filing to "we",  "us" , and "our"
refer to the Company and/or First  Robinson  Savings Bank,  Nationa  Association
(the "Bank"), as the content requires.

      We wish to  caution  readers  not to  place  undue  reliance  on any  such
forward-looking  statements,  which speak only as of the date made,  and advises
readers  that  various  factors,   including   regional  and  national  economic
conditions,  substantial  changes in levels of market interest rates, credit and
other risks of lending and investment  activities and competitive and regulatory
factors,  could  affect our  financial  performance  and could  cause our actual
results  for future  periods to differ  materially  from  those  anticipated  or
projected.

      We do not undertake, and specifically disclaim  any obligation,  to update
any forward-looking statements to reflect occurrences or unanticipated events or
circumstances after the date of such statements.

GENERAL

     Our  principal  business,  through  our  operating  subsidiary,  the  Bank,
consists of accepting deposits from the general public and investing these funds
primarily in loans,  mortgage-backed  securities and other securities. Our loans
consist  primarily of loans secured by  residential  real estate  located in its
market area, consumer loans, commercial loans, and agricultural loans.

     Our net income is dependent primarily on our net interest income,  which is
the  difference  between  interest  earned  on  interest-eaming  assets  and the
interest paid on interest-bearing liabilities. Net interest income is a function
of our "interest rate spread," which is the difference between the average yield
earned on interest-earning  assets and the average rate paid on interest-bearing
liabilities.  The interest rate spread is affected by  regulatory,  economic and
competitive  factors  that  influence  interest  rates,  loan demand and deposit
flows.  To a lesser  extent,  our net income  also is  affected  by the level of
general  and  administrative  expenses  and the  level  of other  income,  which
primarily consists of service charges and other fees.

     Our  operations   are   significantly   affected  by  prevailing   economic
conditions,  competition  and the monetary,  fiscal and  regulatory  policies of
government  agencies.  Lending  activities  are influenced by the demand for and
supply of housing,  competition  among lenders,  the level of interest rates and
the  availability  of funds.  Deposit flows and costs of funds are influenced by
prevailing market rates of interest,  competing investments,  account maturities
and the levels of personal income and savings in our market area.

     Historically, our mission has been to originate loans on a profitable basis
to the communities we serve. In seeking to accomplish our mission,  the Board of
Directors  and  management  have  adopted a business  strategy  designed  (i) to
maintain the Bank's capital level in excess of regulatory requirements;  (ii) to
maintain  asset  quality,  (iii) to  maintain,  and if  possible,  increase  our
earnings; and (iv) to manage our exposure to changes in interest rates.


                                       11

<PAGE>

                  FIRST ROBINSON FINANCIAL CORP. AND SUBSIDIARY
                 Management's Discussion and Analysis of Financial
                       Condition and Results of Operations

IMPACT OF THE YEAR 2000

     We have completed  testing of our computer systems which were conducted for
the purpose of identifying  applications that could be affected by the Year 2000
issue. Our data processing is performed primarily in-house; however software and
hardware  utilized is under  maintenance  agreements  with third party  vendors.
Consequently, we are very dependent on those vendors to conduct our business. We
have  already  contacted  each  vendor  to  request  time  tables  for Year 2000
compliance  and expected  costs,  if any, to be passed along to us. To date, and
while we cannot  offer  assurance  with respect to their  efforts,  we have been
informed that our primary  service  providers have  completed all  reprogramming
efforts. Review and testing of core systems has been completed.  Management does
not expect any  additional  costs to have a significant  impact on our financial
position  or  results  of  continuing  operations.  There  can be no  assurance,
however, that the vendors' systems will be Year 2000 compliant. Consequently, we
could incur  incremental  costs to convert to another vendor. We anticipate that
expenses should not exceed $78,000 for the fiscal year ending March 31, 2000. We
are expensing all costs  associated  with Year 2000 required  system  changes as
costs are  incurred,  and such costs are being  funded  through  operating  cash
flows.  The cost of internal  resources for compliance  has not been  estimated.
While we cannot guarantee it, we do not expect  significant  increases in future
data processing costs or other expenses related to Year 2000 compliance. For the
six months ended September 30, 1999, we have expended less than  $1,000  related
to Year 2000 compliance.

BUSINESS STRATEGY

We  continue to be a  community-oriented,  locally-owned  financial  institution
offering services to residents and businesses of Crawford County,  Illinois, our
primary  market area.  New products and services are  continually  discussed and
reviewed  for their  effect on  profitability  and  customer  service.  The Bank
recently  began  offering  check cards and now credit cards are available to our
customers  with our  Bank's  name on the  card.  Although  the Bank  assumes  no
liability for the credit cards,  we receive some income from the issuance of the
cards. The fixed rate mortgage program through Federal Home Loan Bank of Chicago
continues to grow and has produced additional  non-interest income for the Bank.
Our  Internet  service now covers all of  Crawford  County and serves over 1,100
customers.  PrimeVest  Financial  Services  was added in April  1999 to  provide
investment  brokerage  services to our  customers.  As of  September  1999,  the
service had provided an addition of  approximately  $18,000 net, to non-interest
income.  Management  and the Board of  Directors  anticipate  offering  Internet
banking  services  sometime  during the 2000  calendar  year.  We intend to stay
focused  on  providing  excellent  customer  service  and  maintaining  a strong
presence in our community.  We are still the only independent  community bank in
Robinson, Oblong, and Palestine, Illinois.

FINANCIAL CONDITION

COMPARISON AT SEPTEMBER 30, 1999 AND MARCH 31, 1999

     Our total assets increased by approximately  $3.1 million or 3.7%, to $86.9
million at  September  30,  1999 from  $83.8  million  at March 31,  1999.  This
increase in total  assets was  primarily  the result of a $3.8  million or 32.2%
increase  in  securities  available  for sale  offset  by an  $825,000  or 15.6%
decrease  in cash and cash  equivalents.  Loans  receivable,  net  decreased  by
$74,000 from March 31, 1999 to the current  quarter,  September  30, 1999. In an
effort to better  manage the risk in our  balance  sheet,  we are  shifting  the
make-up of our assets, and have reduced our loan to deposit  ratio from 93.0% as
of September 30, 1998 to 89.9% for this quarter while  increasing our investment
securities.

     Liabilities  increased  approximately $3.9 million or 5.4% to $76.1 million
at  September  30, 1999 from $72.2  million at March 31, 1999. A $2.2 million or
3.3%  increase,  for the same  period,  in deposits  and a $2.5  million or 125%
increase  in Federal  Home Loan Bank  advances  was the  primary  reason for the
increase in our  liabilities.  Federal Home Loan Bank advances  increased due to
the decrease in deposits and repurchase agreements.  The advances were needed to
fund loans and to fund  investments.  The  increase in deposits and advances was
partially  offset by a decrease of $648,000 or 29.4% in  repurchase  agreements.
Due to FASB 115 and the  valuation of our  securities  held  available for sale,
deferred income tax decreased $185,000. At March 31, 1999, deferred income taxes
were recorded on the balance sheet as a liability of $69,000 and as of September
30, 1999  deferred  income  taxes are being  carried on the balance  sheet as an
asset of $116,000.


                                       12

<PAGE>
                  FIRST ROBINSON FINANCIAL CORP. AND SUBSIDIARY
                 Management's Discussion and Analysis of Financial
                       Condition and Results of Operations

FINANCIAL CONDITION - CONTINUED

     Stockholders'  equity  decreased  $785,000  or 6.8% to $10.8  million as of
September  30,  1999 from $11.6  million on March 31,  1999.  The  decrease  was
primarily  attributed to three major factors.  First,  as of September 30, 1999,
compared to March 31, 1999, we had  purchased an additional  $751,000 at cost of
treasury stock,  bringing the total amount of treasury stock to $1.5 million, at
cost as of September 30, 1999. Second, the payment of a $0.31 per share dividend
to  stockholders  of record as of June 2, 1999  amounted  to a total of $247,000
being paid from retained earnings.  Finally, there was a $289,000 decrease after
tax in the valuation of our securities  held available for sale. The decrease in
stockholders'  equity for the quarter  ended  September 30, 1999,  however,  was
offset in part by the addition of six months of earnings of $325,000 to retained
earnings.

RESULTS OF OPERATIONS

COMPARISON OF THE THREE MONTH PERIODS ENDED SEPTEMBER 30, 1999 AND 1998

PERFORMANCE SUMMARY

     We are  reporting  net earnings of $177,000  for the second  quarter of the
fiscal year.  For the quarter  ended  September  30, 1998, we reported a loss of
$10,000. The reported loss of $10,000 for the three month period ended September
30, 1998 was after the benefit  from income tax of $16,000.  The loss before tax
was actually $26,000.  In comparison,  the income before tax for the three month
period ended September 30, 1999 was $276,000 with a provision for tax of $99,000
resulting in earnings of $177,000.

     The $187,000 or 187.0% increase in net income was attributed to an increase
of $59,000 or 7.5% in net interest  income after  provision for loan losses,  an
increase of $51,000 or 51.5% in  non-interest  income and a decrease of $192,000
or 21.0% in non-interest  expense offset by a $115,000 increase in provision for
taxes for the three month  period  ended  September  30, 1999 as compared to the
same period in 1998.

NET INTEREST INCOME

     Net interest  income  increased  by $44,000 or 5.3% to $880,000  during the
three month period ended  September 30, 1999, as compared to $836,000 during the
same period in the prior year.  Interest  expense  decreased  by $54,000 or 6.5%
from $826,000 for the quarter ended September 30, 1998 to $772,000 in comparison
to the quarter ended September 30, 1999.  The average  rate on interest  bearing
liabilities  for the quarter  ended  September 30, 1999 was 4.40% as compared to
4.97% for the  quarter  ended  September  30,  1998.  However,  the  decrease in
interest expense was offset in part by a decrease in interest income of $10,000,
or 0.6% for the  quarter  ended  September  30,  1999 as compared to the quarter
ended  September 30, 1998. This decrease is primarily the result of the shift in
the assets from higher risk, higher yielding loans to lower risk, lower yielding
investment securities. Decreasing our total amount of loans, however, allowed us
to decrease our provision for loan losses.

NON-INTEREST INCOME

     Total non-interest  income increased by $51,000 or 51.5% to $150,000 during
the three months ended  September  30, 1999,  as compared to $99,000  during the
same  period  in last  year.  The  increase  in total  non-interest  income  was
primarily  caused by across- the- board increases of $27,000 or 38.6% in service
charges, $19,000 or 135.7% in other non-interest income, and $5,000 or 33.3 % in
loan fees.

                                       13

<PAGE>
                  FIRST ROBINSON FINANCIAL CORP. AND SUBSIDIARY
                 Management's Discussion and Analysis of Financial
                       Condition and Results of Operations

NON-INTEREST EXPENSE

     Total  non-interest  expense  decreased  by  $192,000  or 21.0% to $724,000
during the three months ended September 30, 1999, as compared to $916,000 during
the same  period in the prior  year.  This  decrease  was due  primarily  from a
decrease of $150,000 or 26.6% in compensation and employee benefits,  a decrease
of $15,000 in  foreclosed  property  expense,  a decrease of $22,000 or 44.0% in
audit,  legal and other  professional  fees,  a  decrease  of $5,000 or 33.3% in
Savings Association Insurance Fund deposit insurance premiums, and a decrease of
$16,000 or 16.3% in other  non-interest  expense offset by an increase of $8,000
or 7.1% in occupancy  and equipment  expense,  an increase of $6,000 or 37.5% in
advertising  expense and an increase of $2,000 or 8.7% in telephone  and postage
expense. Compensation expense and audit, legal and professional fees were higher
in the three  months  ended  September  30, 1998 than for the three months ended
September 30, 1999 due to the funding of and the  origination  costs  associated
with the  Recognition  and  Retention  Plan and the Stock Option Plan which were
approved by shareholders  during the quarter ended September 30, 1999. The three
months ended  September  30, 1998  included a year's  expense for the  immediate
allocation  of the first  year of the  Recognition  and  Retention  Plan and two
months of accrual  toward the  allocation  for the second year on July 29, 1999.
The three  months ended  September  30, 1999  represent  three months of accrual
toward the allocation for the third year as of July 29, 2000.

PROVISION FOR LOAN LOSSES

     During the three months ended September 30, 1999, we recorded provision for
loan  losses of $30,000 as  compared to $45,000 for the same period of the prior
year, a decrease of $15,000 or 33.3%.  We recorded such provisions to adjust our
allowance for loan losses to a level deemed  appropriate  based on an assessment
of the  volume and  lending  presently  being  conducted  by the Bank,  industry
standards,  past due loans, economic conditions in our market area generally and
other  factors  related  to  the  collectability  of  the  loan  portfolio.  Our
non-performing assets as a percentage of total assets was 0.27% at September 30,
1999, as compared to 0.20% at June 30, 1999.

PROVISION FOR INCOME TAXES

     We recognized a provision for federal and state income taxes of $99,000 for
the three months ended  September  30, 1999 as compared to a benefit from income
taxes of $16,000 for the same period in the prior year.  The  effective tax rate
during the three  months  ended  September  30,  1999 was 35.9% as  compared  to
receiving a benefit from taxes of 61.6% for the three months ended September 30,
1998.  The effective tax rate for the three months ended  September 30, 1998 was
affected by annualized  taxable  income at the various  federal income tax rates
based on the operating results for that quarter.

COMPARISON OF THE SIX MONTH PERIODS ENDED SEPTEMBER 30, 1999 AND 1998

NET INCOME

      We reported a net income of $325,000 during the six months ended September
30,  1999 as compared  to  $139,000  for the same period in the prior year.  The
$186,000  or 133.8%  increase  in net  income  was  primarily  attributed  to an
increase of $72,000 or 4.6% in net  interest  income  after  provision  for loan
losses,  an increase of $108,000 or 54.5% in non-interest  income and a decrease
of $109,000 or 7.1% in non-interest expense offset by an increase of $103,000 or
130.4% in the provision for income taxes.

NET INTEREST INCOME

     Net interest  income  increased by $47,000 or 2.8% for the six month period
ended  September  30, 1999 as compared to the same period in the previous  year.
For the six months ended  September  30,  1999,  interest  expense  decreased by
$75,000 or 4.6% from the six months  ended  September  30,  1998.  However,  the
decrease in  interest  expense  was  partially  offset by a decrease in interest
income of $28,000 or 0.85% from the September 30, 1998 period. The interest rate
spread for the six months ended  September 30, 1999 was 3.65%  compared to 3.45%
for the same period in the prior year.


<PAGE>

NON-INTEREST INCOME

     Our non-interest  income increased by $108,000 or 54.5% to $306,000 for the
six month  period in this fiscal year as compared to $198,000  for the six month
period in the prior year.  The  increase  was a direct  result of  increases  in
service charges,  loan fees and other  non-interest  income.  Service charges on
deposit  accounts  increased  by $61,000 or 45.2% for the six month period ended
September  30, 1999 as  compared to the six months  ended  September  30,  1998.
Non-interest  income from loan fees resulted in a $12,000 or 37.5% increase over
the same period in the prior year and income  from other  sources  increased  by
$35,000 or 112.9% from the six month period ended September 30, 1998.

                                       14
<PAGE>

                  FIRST ROBINSON FINANCIAL CORP. AND SUBSIDIARY
                 Management's Discussion and Analysis of Financial
                       Condition and Results of Operations


NON-INTEREST EXPENSE

     We have made a  concentrated  effort  to  decrease  non-interest  expenses.
Non-interest  expense  for the six month  period  ended  September  30, 1999 was
$109,000 or 7.1% below that of the same six month  period  ended  September  30,
1998. The decrease was the result of a $61,000 or 6.9% decrease in  compensation
and  employee  benefits,  a decrease of $29,000 or 100% in  foreclosed  property
expense,  a decrease of $26,000 or 34.2% in audit,  legal and other professional
fees and a $19,000 or 10.4% decrease in other non-interest  expense offset by an
increase of $12,000 or 5.4% in occupancy and  equipment,  an increase of $11,000
or 35.5% in  advertising  expense and a $3,000 6.7%  increase in  telephone  and
postage expense.

PROVISION FOR LOAN LOSSES

     The provision for  loan losses for the six month period ended September 30,
1999 decreased by $25,000 or 21.7% from the six months ended September 30, 1998.
We recorded a provision  for loan losses of $90,000 for this six month period in
comparison to $115,000 for the six months in the previous  year. We adjusted our
provision for loan losses to an appropriate level after assessing the volume and
types of lending we are  presently  conducting.  Also  influencing the provision
for loan  losses  was the  economic  conditions  of our  market  area,  industry
standards, past due loans and any other factors related to the collection of our
loan portfolio.  Our  non-performing  assets as a percentage of total assets was
0.27% at September 30, 1999 as compared to 0.18% at March 31, 1999.

PROVISION FOR INCOME TAXES

     We  recognized  provision  for income  taxes of $182,000 for the six months
ended  September 30, 1999 as compared to $79,000 for the six months in the prior
year.  The  effective tax rate for this six month period was 35.9% and 36.2% for
the six months ended September 30, 1998.

LIQUIDITY AND CAPITAL RESOURCES

     Our  principal  sources of funds are  deposits and  principal  and interest
payments collected on loans, investments and related securities. While scheduled
loan  repayments and maturing  investments are relatively  predictable,  deposit
flows and early loan prepayments are more influenced by interest rates,  general
economic conditions and competition.  Additionally, we may borrow funds from the
FHLB of Chicago, our correspondent bank, Cole Taylor Bank located in Chicago and
the  Discount  Window of the  Federal  Reserve  of St.  Louis or  utilize  other
borrowings of funds based on need,  comparative  costs and  availability  at the
time.

     At  September  30, 1999 we had $4.5  million in  advances  from the FHLB of
Chicago  outstanding  resulting in an increase of $2.5 million in advances  from
the amount as of March 31, 1999. We use our liquidity  resources  principally to
meet outstanding  commitments on loans, to fund maturing certificates of deposit
and deposit withdrawals and to meet operating  expenses.  At September 30, 1999,
we had outstanding  commitments to extend credit, which amounted to $4.6 million
(including  $2.7 million,  in available  revolving  commercial and  agricultural
lines of credit).  Management believes that loan repayments and other sources of
funds will be adequate to meet any foreseeable liquidity needs.

     Liquidity  management  is  both a daily  and  long-term  responsibility  of
management.  We adjust our investments in liquid assets based upon  management's
assessment  of (i) expected  loan demand,  (ii) expected  deposit  flows,  (iii)
yields available on interest-bearing  investments and (iv) the objectives of its
asset/liability  management  program.  Excess liquidity generally is invested in
interest-earning  overnight deposits and other short-term  government and agency
obligations.








                                       15

<PAGE>

                  FIRST ROBINSON FINANCIAL CORP. AND SUBSIDIARY
                 Management's Discussion and Analysis of Financial
                       Condition and Results of Operations

REGULATORY CAPITAL

     The  Bank  is  subject  to  capital  requirements  of  the  Office  of  the
Comptroller  of the  Currency  ("OCC").  The OCC  requires  the Bank to maintain
minimum ratios of Tier I capital to total risk-weighted assets and total capital
to risk-weighted  assets of 4% and 8%, respectively.  Tier I capital consists of
total  stockholders'  equity  calculated in accordance  with generally  accepted
accounting  principals less intangible assets, and total capital is comprised of
Tier I capital plus certain adjustments,  the only one of which is applicable to
the Bank is the allowance for loan losses. Risk-weighted assets refer to the on-
and  off-balance  sheet  exposures of the Bank adjusted for relative risk levels
using formulas set forth by OCC regulations.  The Bank is also subject to an OCC
leverage capital requirement,  which calls for a minimum ratio of Tier I capital
to quarterly  average total assets of 3% to 5%,  depending on the  institution's
composite ratings as determined by its regulators.

      At  September  30,  1999,  the  Bank  was in  compliance  with  all of the
aforementioned capital requirements as summarized below:
<TABLE>
<CAPTION>
                                                                  September 30, 1999
                                                                  ------------------
                                                                        (1,000'S)
<S>                                                                        <C>
Tier I Capital:
      Common stockholders' equity                                        9,766
      Unrealized loss (gain) on securities available for sale              303

        Total Tier I Capital                                            10,069

Tier II Capital:
      Total Tier I capital                                              10,069
      Qualifying allowance for loan losses                                 631

        Total capital                                                   10,700

Risk-weighted assets                                                    55,265
Quarter average assets                                                  85,901
</TABLE>

<TABLE>
<CAPTION>
                                                                     To be Well Capitalized
                                                                         Under the Prompt
                                                      For Capital       Corrective Action
                                  Actual           Adequacy Purposes       Provisions
                                 --------         ------------------ ----------------------
                             Amount     Ratio      Amount      Ratio      Amount     Ratio
                             ------     -----      ------      -----      ------     -----
<S>                           <C>       <C>        <C>         <C>         <C>         <C>
As of September 30, 1999:
 Total Risk-Based Capital
  (to Risk-Weighted Assets)  10,700  19.36%       4,421      8.00%       5,527    10.00%
 Tier I Capital
  (to Risk-Weighted Assets)  10,069  18.22%       2,211      4.00%       3,316     6.00%
 Tier I Capital
  (to Average Assets)        10,069  11.72%       3,436      4.00%       4,295     5.00%
</TABLE>

At the time of the  conversion  of the Bank to a stock  organization,  a special
liquidation  account was established for the benefit of eligible account holders
and the supplemental  account holders in an amount equal to the net worth of the
Bank. This account,  which is expected to decrease over time, will be maintained
for the benefit of eligible account holders and the supplemental account holders
pursuant to the plan of conversion. In the event of a complete liquidation, each
eligible  and the  supplemental  eligible  account  holders  will be entitled to
receive a liquidation  distribution  from the  liquidation  account in an amount
proportionate  to the current  adjusted  qualifying  balances for accounts  then
held.  With the  reorganization  completed  on June 27, 1997,  this  liquidation
account became part of stockholders' equity for the Company under the same terms
and  conditions  as if the  reorganization  had not  occurred.  The Bank may not
declare  or pay cash  dividends  on or  repurchase  any of its  common  stock if
stockholders'  equity  would be  reduced  below  applicable  regulatory  capital
requirements or below the liquidation account.

                                       16

<PAGE>

                            PART II OTHER INFORMATION


Item 1.     LEGAL PROCEEDINGS
             None

Item 2.     CHANGES IN SECURITIES
             None.

Item 3.     DEFAULTS UPON SENIOR EXECUTIVES
             None.

Item 4.     SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

             (a)  On July 28,  1999,  the  Company  held its Annual  Meeting of
                   Stockholders.

             (b)  Stockholders voted on and approved the following matters:

                  (i) The election of the following two directors of the
                        Company;
<TABLE>
<CAPTION>
                                                                             Broker
            Votes:                For         Withheld       Abstain        Non-Votes
            ------                ---         --------       -------        ---------
               <S>                <C>           <C>            <C>            <C>

            Rick L. Catt        618,523        7,650             0             0

            Donald K. Inboden   614,873       11,300             0             0

</TABLE>

                   (ii) The ratification of the appointment of Larsson, Woodyard
                        & Henson, LLP as auditors for the Company for the fiscal
                        year ending March 31, 2000.

<TABLE>
<CAPTION>
                                                                             Broker
            Votes:                For         Withheld       Abstain        Non-Votes
            ------                ---         --------       -------        ---------
             <S>                  <C>            <C>            <C>            <C>
                               618,023         6,600         1,500             0
</TABLE>


 Item 5.    OTHER INFORMATION
            None

 Item 6.    EXHIBITS AND REPORTS ON FORM 8-K

             (a) The following exhibits are filed herewith:

                 1. Exhibit 11:  Statement Regarding Computation of Earnings.

                 2. Exhibit 27:  Financial Data Schedule.

             (b) Reports Form 8-K:

                    The Company filed a Current  Report on Form 8-K dated August
                    19, 1999 with the SEC announcing its intention to repurchase
                    up to 5% of its  outstanding  shares.  The stock  repurchase
                    began on August 16, 1999 and is to conclude on February  16,
                    2000. In addition,  the Registrant  announced the completion
                    of a stock repurchase program that began April 1, 1999.

                                       17

<PAGE>

                                   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.

                                          FIRST ROBINSON FINANCIAL CORPORATION



Date:    NOVEMBER 15, 1999                 /S/ RICK L. CATT
         -----------------                 ----------------
                                           Rick L. Catt
                                           President and Chief Executive Officer

Date:    NOVEMBER 15, 1999                /S/ JAMIE E. MCREYNOLDS
         -----------------                -----------------------
                                          Jamie E. McReynolds
                                          Chief Financial Officer and Vice
                                           President


                                       18