EXHIBIT 99.2


    Safe Harbor Under the Private Securities Litigation Reform Act of 1995
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     The Private Securities Litigation Reform Act of 1995 (the "Act") provides 
a "safe harbor" for forward-looking statements to encourage companies to 
provide prospective information about their companies, so long as those 
statements are identified as forward-looking and are accompanied by meaningful 
cautionary statements identifying important factors that could cause actual 
results to differ materially from those discussed in the statement. Home City 
Financial Corporation ("HCFC") desires to take advantage of the "safe harbor" 
provisions of the Act.  Certain information, particularly information 
regarding future economic performance and finances and plans and objectives of 
management, contained or incorporated by reference in HCFC's Annual Report on 
Form 10-KSB for the six months ended December 31, 1997 is forward-looking.  In 
some cases, information regarding certain important factors that could cause 
actual results of operations or outcomes of other events to differ materially 
from any such forward-looking statement appear together with such statement.  
In addition, forward-looking statements are subject to other risks and 
uncertainties affecting the financial institutions industry, including, but 
not limited to, the following:  

Interest Rate Risk
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     HCFC's operating results are dependent to a significant degree on its net 
interest income, which is the difference between interest income from loans, 
investments and other interest-earning assets and interest expense on 
deposits, borrowings and other interest-bearing liabilities.  The interest 
income and interest expense of HCFC change as the interest rates on 
interest-earning assets and interest-bearing liabilities change.  Interest 
rates may change because of general economic conditions, the policies of 
various regulatory authorities and other factors beyond HCFC's control.  In a 
rising interest rate environment, loans tend to prepay slowly and new loans at 
higher rates increase slowly, while interest paid on deposits increases 
rapidly because the terms to maturity of deposits tend to be shorter than the 
terms to maturity or prepayment of loans.  Such differences in the adjustment 
of interest rates on assets and liabilities may negatively affect HCFC's 
income.  

Possible Inadequacy of the Allowance for Loan Losses
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     HCFC maintains an allowance for loan losses based upon a number of 
relevant factors, including, but not limited to, trends in the level of 
nonperforming assets and classified loans, current and anticipated economic 
conditions in the primary lending area, past loss experience, possible losses 
arising from specific problem loans and changes in the composition of the loan 
portfolio.  While the Board of Directors of HCFC believes that it uses the 
best information available to determine the allowance for loan losses, 
unforeseen market conditions could result in material adjustments, and net 
earnings could be significantly adversely affected if circumstances differ 
substantially from the assumptions used in making the final determination.  

     Loans not secured by one- to four-family residential real estate are 
generally considered to involve greater risk of loss than loans secured by 
one- to four-family residential real estate due, in part, to the effects of 
general economic conditions.  The repayment of multifamily residential and 
nonresidential real estate loans generally depends upon the cash flow from the 
operation of the property, which may be negatively affected by national and 
local economic conditions.  Construction loans may also be negatively affected 
by such economic conditions, particularly loans made to developers who do not 
have a buyer for a property before the loan is made.  The risk of default on 
consumer loans increases during periods of recession, high unemployment and 
other adverse economic conditions.  When consumers have trouble paying their 
bills, they are more likely to pay mortgage loans than consumer loans.  In 
addition, the collateral securing such loans, if any, may decrease in value 
more rapidly than the outstanding balance of the loan.



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Competition
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     Home City Federal Savings Bank of Springfield ("Home City") competes for 
deposits with other savings associations, commercial banks and credit unions 
and issuers of commercial paper and other securities, such as shares in money 
market mutual funds.  The primary factors in competing for deposits are 
interest rates and convenience of office location.  In making loans, Home City 
competes with other savings associations, commercial banks, consumer finance 
companies, credit unions, leasing companies, mortgage companies and other 
lenders.  Competition is affected by, among other things, the general 
availability of lendable funds, general and local economic conditions, current 
interest rate levels and other factors which are not readily predictable.  The 
size of financial institutions competing with Home City is likely to increase 
as a result of changes in statutes and regulations eliminating various 
restrictions on interstate and inter-industry branching and acquisitions.  
Such increased competition may have an adverse effect upon Home City.

Legislation and Regulation that may Adversely Affect HCFC's Earnings
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     Home City is subject to extensive regulation by the Office of Thrift 
Supervision (the "OTS") and the Federal Deposit Insurance Corporation (the 
"FDIC") and is periodically examined by such regulatory agencies to test 
compliance with various regulatory requirements.  As a savings and loan 
holding company, HCFC is also subject to regulation and examination by the 
OTS.  Such supervision and regulation of HCFC and Home City are intended 
primarily for the protection of depositors and not for the maximization of 
shareholder value and may affect the ability of the company to engage in 
various business activities.  The assessments, filing fees and other costs 
associated with reports, examinations and other regulatory matters are 
significant and may have an adverse effect on HCFC's net earnings.

     The FDIC is authorized to establish separate annual assessment rates for 
deposit insurance of members of the Bank Insurance fund (the "BIF") and the 
Savings Association Insurance Fund (the "SAIF").  The FDIC has established a 
risk-based assessment system for both SAIF and BIF members.  Under such 
system, assessments may vary depending on the risk the institution poses to 
its deposit insurance fund. Such risk level is determined by reference to the 
institution's capital level and the FDIC's level of supervisory concern about 
the institution.

     The recapitalization plan also provides for the merger of the SAIF and 
BIF effective January 1, 1999, assuming there are no savings associations 
under federal law.  Under separate proposed legislation, Congress is 
considering the elimination of the federal thrift charter and the separate 
federal regulation of thrifts.  As a result, Home City would have to convert 
to a different financial institution charter.  In addition, Home City would be 
regulated under federal law as a bank and would, therefore, become subject to 
the more restrictive activity limitations imposed on national banks.  
Moreover, HCFC might become subject to more restrictive holding company 
requirements, including activity limits and capital requirements similar to 
those imposed on Home City.  HCFC cannot predict the impact of the conversion 
of Home City to, or regulation of  Home City as, a bank until the legislation 
requiring such change is enacted. 


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