<PAGE>
                             UNITED STATES
                    SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C.  20549

                                FORM 10-Q

[  X  ]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
              THE SECURITIES EXCHANGE ACT OF 1934

               For the quarterly period ended March 31, 1998

                                    OR

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

            For the transition period from ___________ to ___________
 
                        Commission File Number 0-17416

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

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

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

                               (724) 774-1872
                            --------------------
             (Registrant's telephone number, including area code)

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 ____

Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.

                      Common Stock , $0.835 par value;
                5,113,481 shares outstanding at May 8, 1998

                                    Page 1
<PAGE>
                        CENTURY FINANCIAL CORPORATION
                                  FORM 10-Q
                                    INDEX




                                                                      PAGE
                                                                     NUMBER
                                                                     ------
PART I - FINANCIAL INFORMATION

  ITEM 1.  Financial Statements                                    

  Consolidated Balance Sheet                                           3
  Consolidated Statement of Income                                     4
  Consolidated Statement of Comprehensive Income                       5
  Consolidated Statement of Changes in Stockholders' Equity            6
  Consolidated Statement of Cash Flows                                 7
  Notes to Consolidated Financial Statements                          8-9

  ITEM 2.  Management's Discussion and Analysis of Financial
           Condition and Results of Operations                       10-18


PART II - OTHER INFORMATION

  ITEM 1.  Legal Proceedings                                          19

  ITEM 2.  Changes in Securities                                      19

  ITEM 3.  Defaults Upon Senior Securities                            19

  ITEM 4.  Submission of Matters to a Vote
           of Security Holders                                        19

  ITEM 5.  Other Information                                          19

  ITEM 6.  Exhibits and Reports on Form 8-K                           19

  Signatures                                                          20

                                    Page 2
<PAGE>
                        CENTURY FINANCIAL CORPORATION
                          CONSOLIDATED BALANCE SHEET
                                 (Unaudited)

                                                   March 31,    December 31,
                                                      1998          1997
                                                 ------------- -------------
                                                        (In thousands)
ASSETS                                            
Cash and due from banks                          $      10,655 $      12,439
Interest-bearing deposits in other banks                 3,449         1,645
Federal funds sold                                         525        11,235
Investment securities available for sale                67,736        67,647
Loans (net of unearned income of $12,747
   and $12,717)                                        359,629       353,921
Less allowance for loan losses                           4,844         4,717
                                                 ------------- -------------
   Net Loans                                           354,785       349,204

Premises and equipment                                  11,495        11,562
Accrued interest and other assets                        5,923         4,800
                                                 ------------- -------------
     TOTAL ASSETS                                $     454,568 $     458,532
                                                 ============= =============
LIABILITIES
Deposits:               
   Noninterest-bearing demand                    $      44,861 $      47,994
   Interest-bearing demand                              37,596        36,265
   Savings                                              34,275        33,278
   Money market                                         54,605        52,523
   Time                                                221,168       222,866
                                                 ------------- -------------
     Total deposits                                    392,505       392,926

Short term borrowings                                        -         4,000
Other borrowings                                        20,000        20,000
Accrued interest and other liabilities                   4,385         4,898
                                                 ------------- -------------
     TOTAL LIABILITIES                                 416,890       421,824
                                                 ------------- -------------
STOCKHOLDERS' EQUITY
Common stock, par value $.835; authorized
   8,000,000 shares; issued 5,121,914 and
   5,108,809 shares, respectively                        4,277         4,266
Additional paid in capital                               3,543         3,223
Retained earnings                                       29,472        28,823
Treasury stock, at cost (8,648 and
   16,561 shares)                                         (243)         (217)
Accumulated other comprehensive income,
 net of income taxes                                       629           613
                                                 ------------- -------------
     TOTAL STOCKHOLDERS' EQUITY                         37,678        36,708
                                                 ------------- -------------
     TOTAL LIABILITIES AND STOCKHOLDERS'
        EQUITY                                   $     454,568 $     458,532
                                                 ============= =============


See accompanying unaudited notes to the consolidated financial statements.

                                    Page 3


<PAGE>
                        CENTURY FINANCIAL CORPORATION
                      CONSOLIDATED STATEMENT OF INCOME
                                 (Unaudited)
                                                     Three Months Ended
                                                          March 31,
                                                 ---------------------------
                                                      1998          1997
                                                 ------------- -------------
INTEREST INCOME                                         (In thousands)
   Interest and fees on loans:      
     Taxable                                     $       6,968 $       6,297
     Tax exempt                                            709           534
   Interest-bearing deposits with other banks               35             5
   Federal funds sold                                      103           134
   Investment securities:
     Taxable                                               889           971
     Tax exempt                                            167           160
                                                 ------------- -------------
               Total interest income                     8,871         8,101
                                                 ------------- -------------
INTEREST EXPENSE
   Deposits                                              4,233         3,726
   Short term borrowings                                    27           120
   Other borrowings                                        276            27
                                                 ------------- -------------
               Total interest expense                    4,536         3,873
                                                 ------------- -------------
NET INTEREST INCOME                                      4,335         4,228

Provision for loan losses                                  270           195
                                                 ------------- -------------
NET INTEREST INCOME AFTER PROVISION FOR
   LOAN LOSSES                                           4,065         4,033
                                                 ------------- -------------
NONINTEREST INCOME
   Service fees on deposit accounts                        354           347
   Trust Department income                                 288           245
   Other                                                   182           160
                                                 ------------- -------------
               Total noninterest income                    824           752
                                                 ------------- -------------
NONINTEREST EXPENSE
   Salaries and employee benefits                        1,744         1,724
   Net occupancy and equipment expense                     568           527
   Deposit insurance premium                                12            10
   Other                                                   960           852
                                                 ------------- -------------
               Total noninterest expense                 3,284         3,113
                                                 ------------- -------------
INCOME BEFORE INCOME TAXES                               1,605         1,672
Income taxes                                               242           370
                                                 ------------- -------------
NET INCOME                                       $       1,363 $       1,302
                                                 ============= =============

EARNINGS PER SHARE:
   Basic                                         $        0.27 $        0.26
   Dilutive                                               0.26          0.25

DIVIDENDS DECLARED PER SHARE                     $        0.11 $        0.10

See accompanying unaudited notes to the consolidated financial statements.

                                    Page 4



<PAGE>
                        CENTURY FINANCIAL CORPORATION
                CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
                                 (Unaudited)


                                                     Three Months Ended
                                                          March 31,
                                                 ---------------------------
                                                      1998          1997
                                                 ------------- -------------
                                                        (In thousands)

Net income                                       $       1,363 $       1,302

Other comprehensive income:
   Unrealized holding gains (losses) arising
      during the period                                     24          (302)
                                                 ------------- -------------
Other comprehensive income (loss) before tax                24          (302)
                                                 ------------- -------------
Income tax expense (benefit) relating
      to other comprehensive income (loss)                   8          (102)
                                                 ------------- -------------
Other comprehensive income (loss), net of tax               16          (200)
                                                 ------------- -------------

Comprehensive income                             $       1,379 $       1,102
                                                 ============= =============






















See accompanying unaudited notes to the consolidated financial statements.

                                    Page 5
<PAGE>
<TABLE>
<CAPTION>
                                                          CENTURY FINANCIAL CORPORATION
                                         CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
                                                                   (Unaudited)

                                                                       
                                                                                                  Accumulated
                                                                                                     Other
                                                   Additional                                    Comprehensive         Total
                                    Common           Paid-in         Retained       Treasury     Income, Net of     Stockholders'
                                     Stock           Capital         Earnings         Stock       Income Taxes         Equity
                                   ---------       ----------       ----------     ----------     -------------     -------------
                                                                           (In thousands)


<S>                                <C>             <C>              <C>            <C>            <C>               <C>    
Balance, December 31, 1997         $   4,266       $    3,223       $   28,823     $     (217)    $         613     $      36,708

Comprehensive income                                                     1,363                               16             1,379
Dividends ($.11 per share)                                                (564)                                              (564)
Stock Options exercised                   11              104             (150)           316                                 281
Purchase of Treasury stock                                                               (342)                               (342)
Tax benefit from stock
  options exercised                                       216                                                                 216
                                   ---------       ----------       ----------     ----------     -------------     -------------

Balance, March 31, 1998           $    4,277       $    3,543       $   29,472     $     (243)    $         629     $      37,678
                                   =========       ==========       ==========     ==========     =============     =============
</TABLE>





See accompanying unaudited notes to the consolidated financial statements.

                                    Page 6

<PAGE>
                        CENTURY FINANCIAL CORPORATION
                    CONSOLIDATED STATEMENT OF CASH FLOWS
                                 (Unaudited)
                                                     Three Months Ended
                                                          March 31,
                                                 ---------------------------
                                                     1998          1997
                                                 ------------- -------------
                                                       (In thousands)
OPERATING ACTIVITIES
   Net income                                    $       1,363 $       1,302
   Adjustments to reconcile net income to net
     cash provided by operating activities:
     Provision for loan losses                             270           195
     Depreciation, amortization, and
     accretion, net                                        274           160
     Decrease (increase) in accrued
     interest receivable                                   151          (281)
     Increase (decrease) in accrued
     interest payable                                      (30)          347
     Other, net                                         (1,552)         (531)
                                                 ------------- -------------
        Net cash provided by operating activities          476         1,192
                                                 ------------- -------------

INVESTING ACTIVITIES
   Investment securities available for sale:                                
     Proceeds from maturities and repayments             3,629         5,267
     Purchases                                          (3,723)       (6,174)
   Net increase in loans                                (5,840)      (13,311)
   Purchases of premises and equipment                    (189)         (228)
                                                 ------------- -------------
        Net cash used for investing activities          (6,123)      (14,446)
                                                 ------------- -------------

FINANCING ACTIVITIES
   Net increase (decrease) in deposits                    (421)        7,338
   Decrease in short term borrowings                    (4,000)            -
   Cash dividends                                         (561)         (505)
   Proceeds from stock options exercised                   281            84
   Treasury stock purchase                                (342)          (51)
   Proceeds from sale of treasury stock                      -            50
                                                 ------------- -------------
        Net cash provided by (used for)
          financing activities                          (5,043)        6,916
                                                 ------------- -------------

        Decrease in cash and cash equivalents          (10,690)       (6,338)

CASH AND CASH EQUIVALENTS AT
   BEGINNING OF PERIOD                                  25,319        21,794
                                                 ------------- -------------

CASH AND CASH EQUIVALENTS AT END OF PERIOD       $      14,629 $      15,456
                                                 ============= =============

See accompanying unaudited notes to the consolidated financial statements.

                                    Page 7
<PAGE>
                        CENTURY FINANCIAL CORPORATION
                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 (Unaudited)

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Principles of Consolidation
---------------------------

The consolidated financial statements of Century Financial Corporation
("The Corporation") includes the accounts of the Corporation and its wholly 
owned subsidiary, Century National Bank and Trust Company ("Century").  
Significant intercompany items have been eliminated in consolidation.

Basis of Presentation
---------------------

The accompanying unaudited consolidated financial statements have been
prepared in accordance with the instructions for Form 10-Q 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.  However, all adjustments,
consisting only of normal recurring adjustments which, in the opinion of
management, are necessary for a fair presentation have been included.  The
results of operations for the three months ended March 31, 1998 are not
necessarily indicative of the results which may be expected for the entire
fiscal year.

Nature of Operations
--------------------

Century Financial Corporation is a Pennsylvania corporation and is registered
under the Holding Company Act of 1956, as amended ("BHCA").  The Corporation 
was organized to be the holding company of Century National Bank.  The 
Corporation and its subsidiary derive substantially all their income from 
banking and bank-related services which includes interest earnings on 
commercial, commercial mortgage, residential real estate, and consumer loan 
financing as well as interest earnings on investment securities and deposit 
services to its customers.  Century provides banking services to Southwestern
Pennsylvania.

Common Stock Split
------------------

On March 20, 1997, the Board of Directors approved a three-for-two stock
split.  The additional shares resulting from the split were effected in the
form of a 50% stock dividend.  All references to the number of average common
shares and per share amounts for 1997 have been restated to reflect the stock
split.

Comprehensive Income
--------------------

Effective January 1, 1998, the Corporation adopted Statement of Financial
Accounting Standards Statement No. 130, "Reporting Comprehensive Income." 
Statement No. 130 establishes standards for reporting and presentation of
comprehensive income and its components (revenues, expenses, gains and losses)
in a full set of general-purpose financial statements.  It requires that all
items that are required to be recognized under accounting standards as
components of comprehensive income be reported in a financial statement that
is presented with the same prominence as other financial statements.  The
adoption of Statement No. 130 did not have a material impact on the
Corporation.

                                    Page 8

<PAGE>
                        CENTURY FINANCIAL CORPORATION
                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 (Unaudited)

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Reclassification of Comparative Amounts
---------------------------------------

Certain amounts for prior periods have been reclassified to conform with
current period presentations.

2. EARNINGS PER SHARE

Effective December 31, 1997, the Corporation adopted Statement of Financial
Accounting Standards No. 128, "Earnings Per Share."  Statement No. 128
replaced the previously reported primary and fully diluted earnings per share
with basic and diluted earnings per share.  Unlike primary earnings per share,
basic earnings per share excludes any dilutive effects of options, warrants,
and convertible securities.  Diluted earnings per share is very similar to the
previously reported fully diluted earnings per share.  Earnings per share
amounts for the previously reported periods have been restated to conform to
Statement No. 128.

The following table sets forth the computation of basic and diluted earnings
per share.
                                                     Three Months Ended
                                                          March 31,
                                                 ---------------------------
                                                     1998          1997
                                                 ------------- -------------
   Denominator for basic earnings per share:
     Weighted-average shares outstanding             5,111,556     5,050,518
                                                 ============= =============
   Denominator for diluted earnings per share:
     Weighted-average shares outstanding             5,111,556     5,050,518
     Employee stock options                             95,708        46,444
                                                 ------------- -------------
       Denominator for diluted earnings per share    5,207,264     5,096,962
                                                 ============= =============

There are no convertible securities which would effect the numerator in
calculating basic and diluted earnings per share; therefore, net income as
presented on the Consolidated Statement of Income will be used as the
numerator.

3. SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
                                                     Three Months Ended
                                                          March 31,
                                                 ---------------------------
                                                     1998          1997
                                                 ------------- -------------
   Cash paid during the period for:                    (In thousands)
     Interest                                    $       4,566 $       3,526

     Income taxes                                            -            15




                                   Page 9
<PAGE>
                       CENTURY FINANCIAL CORPORATION
             NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                (Unaudited)

4. AGREEMENT AND PLAN OF REORGANIZATION

On December 3, 1997, the Board of Directors executed a definitive agreement
and plan of merger, which provides for the affiliation of the Corporation with
Citizens Bancshares, Inc. , an Ohio corporation registered under the Bank
Holding Company Act headquartered in Salineville, Ohio (Citizens).  The 
agreement provides that the affiliation will be effected by means of a merger
of the Corporation and Citizens.  In the merger, each stockholder of the 
Corporation will receive 0.425 shares of Citizens common stock in exchange 
for each share of the Corporation's stock, subject to certain terms, 
conditions, limitations and adjustments set forth in the agreement.

Completion of the merger is anticipated to take place upon approval by
regulatory agencies and stockholders of the Corporation and Citizens. 

5. SUBSEQUENT EVENT

Merger with Citizens Bancshares, Inc.
------------------------------------

On May 12, 1998, the Corporation merged with Citizens in accordance with the
Agreement and Plan of Merger dated December 3, 1997.  In the merger, each
share of Century common stock outstanding was converted into .3963 shares of
Citizens common stock, without par value.

Additional Provision for Loan Losses
------------------------------------

During the second quarter of 1998, Century incurred an additional provision
for loan loss in the amount of $2,000,000.  The additional provision, which
was charged directly to Century's operations, was a result of Management's
on-going assessment of the adequacy of the allowance for loan losses, taking
into consideration its overall assessment of the adequacy of the allowance 
in relation to the previously announced merger of the Corporation and Citizens.
Management of Century has reviewed and subsequently agreed to the overall 
general evaluation practices utilized by Citizens when determining the 
adequacy of the allowance for loan loss.  The increase in the allowance will 
enable Century to better conform to Citizen's overall general allowance for 
loan loss policies following the merger.

                                Page 10

<PAGE>
                        CENTURY FINANCIAL CORPORATION
         MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                          AND RESULTS OF OPERATIONS

                             FINANCIAL CONDITION
                             -------------------

Summary of Financial Condition
------------------------------

The Corporation's consolidated assets were $454,568,000 at March 31, 1998, a
decrease of $3,964,000 from total assets at December 31, 1997.  This decrease
was mainly attributable to a decrease of $10,710,000 in federal funds sold
offset by a $5,581,000 increase in net loans receivable.  Total liabilities
during the first quarter of 1998 decreased by $4,934,000 and was mainly a
result of a decrease in short term borrowings.  Total consolidated
stockholders' equity increased by $970,000 when compared to total
stockholders's equity at December 31, 1997.  Contributing to this increase was
$1,363,000 in net income earned, less cash dividends declared to shareholders
of $564,000.

Investment Securities Available for Sale
----------------------------------------

Investment securities available for sale at March 31, 1998 remained relatively
unchanged, decreasing $89,000 when compared to December 31, 1997.  Total
investment securities maturing during the period were $3,629,000 offset by
purchases of $3,723,000.

Loan Portfolio
--------------

Net loans increased $5,581,000 or 1.6% in the first three months of 1998 when
compared to December 31, 1997.  The increase in the loan portfolio during the
first quarter of 1998 occurred mostly in commercial and tax exempt loans which
increased $3,738,000 or 4.1% and $5,822,000 or 24.4%, respectively.  Funding
for the first quarter loan growth was provided by short term liquid assets
that matured during the same period.

The following table represents the composition of the Corporation's loan
portfolio:

                                                   March 31,    December 31,
                                                      1998          1997
                                                 ------------- -------------
                                                        (In thousands)

   Commercial, financial, and agricultural       $      94,161 $      90,423
     Real estate - construction                          8,452        10,262
     Real estate mortgage:                             155,905       156,338
     Installment loans to individuals                   84,198        85,777
     Tax exempt loans                                   29,660        23,838
                                                 ------------- -------------
                                                       372,376       366,638
     Less unearned income                               12,747        12,717
                                                 ------------- -------------
                                                       359,629       353,921
     Less allowance for loan losses                      4,844         4,717
                                                 ------------- -------------
               Net loans                         $     354,785 $     349,204
                                                 ============= =============

                                    Page 11


<PAGE>
Allowance for Loan Losses
-------------------------

The Corporation's allowance for loan losses was $4,844,000 at March 31, 1998
compared to $4,717,000 at December 31, 1997.  This represents a $127,000 or
2.7% increase over the December 31, 1997 balance.  Contributing to this
increase was a $270,000 loan loss provision charged to operations during the
first quarter of 1998 offset by net charge-offs of $143,000 incurred during
the same period.

Activity in the allowance for loan losses is summarized as follows:

                                                     Three Months Ended
                                                          March 31,
                                                     1998          1997
                                                 ------------- -------------
                                                    (Dollars in thousands)
   Balance, beginning of period                  $       4,717 $       3,234

   Charge-offs:
      Commercial loans                                       -             3
      Real estate mortgages                                  -             -
      Installment loans to individuals                     172           134
                                                 ------------- -------------
         Total charge-offs                                 172           137
                                                 ------------- -------------
   Recoveries:
      Commercial loans                                       7             -
      Real estate mortgages                                  -             3
      Installment loans to individuals                      22            35
                                                 ------------- -------------
         Total recoveries                                   29            38
                                                 ------------- -------------
   Net charge-offs                                         143            99
                                                 ------------- -------------
   Provision charged to operations                         270           195
                                                 ------------- -------------
   Balance, end of period                        $       4,844 $       3,330
                                                 ============= =============
   Net charge-offs as a percent of average
     loans, net of unearned                              0.04%         0.03%
                                                 ============= =============
   Allowance for loan losses to total loans,
     net of unearned income                              1.35%         1.04%
                                                 ============= =============

The adequacy of the allowance for loan losses is determined by management
considering certain criteria such as the risk classification of loans,
delinquency trends, charge-off experience, credit concentrations, economic
conditions and other relevant factors.  Specific reserves are established for
each classified credit taking into consideration the credit's delinquency
status, current operating status, pledged collateral and plan of action for
resolving any deficiencies.  All credit relationships in excess of $250,000
are reviewed by management and the executive committee of  Century's Board of
Directors on an annual basis.  In addition, loan relationships in excess of
$250,000, rated substandard or lower are reviewed on a quarterly basis and
evaluated for the adequacy of payment histories, any changes in collateral and
exposure, if any, is specifically reserved for.  All special mention loans are
pooled and a reserve is determined.  All other homogeneous loan pools such as
consumer installment loans, cash reserve, 1-4 family mortgage loans and
unfunded commitments are pooled and the adequacy of the reserve is determined.

The Corporation believes that the allowance for loan losses at March 31, 1998
is adequate to cover losses inherent in the portfolio as of such date. 
However, there can be no assurance that the Corporation will not sustain
additional losses in future periods, which could be substantial in relation to
the size of the allowance at March 31, 1998.

                                    Page 12
<PAGE>
Non-performing Assets
---------------------

Non-performing assets include non-performing loans and other real estate
owned.  Non-performing loans consists of non-accrual loans, loans 90 days or
more past due, and restructured loans.  Non-accrual loans represent loans on
which interest accruals have been discontinued and any previously accrued
interest is reversed against current income.  Restructured loans are loans
with respect to which a borrower has been granted a concession on the interest
rate or the original repayment terms because of financial difficulties.

The following table sets forth information regarding non-performing assets:

                                                   March 31,    December 31,
                                                      1998          1997
                                                 ------------- -------------
                                                        (In thousands)

   Non-accrual loans                             $       3,614 $       3,664
   Loans past due 90 days or more                           87            73
   Restructured loans                                        -             -
                                                 ------------- -------------
      Total non-performing loans                         3,701         3,737
                                                 ------------- -------------
   Other real estate owned                                   -             -
                                                 ------------- -------------
      Total non-performing assets                $       3,701 $       3,737
                                                 ============= =============

   Non-performing loans as a percentage of
      total loans, net of unearned income                1.03%         1.06%
   Non-performing assets as a percentage
      of total assets                                    0.81%         0.82%
   Non-performing assets as a percentage
      of allowance for loan                             76.40%        79.22%

Total non-performing assets at March 31, 1998 totaled $3,701,000, compared to
$3,737.000 at December 31, 1997.  Non-performing assets for both periods
presented are comprised mostly of non-accrual loans which totaled $3,614,000
and $3,664,000 at March 31, 1998 and December 31, 1997, respectively. Included
in the non-accrual loans for the periods presented are two separate commercial
real estate loans.

The first, is a commercial real estate loan in the amount of $1,540,000 whose
debtor filed for bankruptcy in early 1997.  The loan is collateralized by two
separate commercial real estate properties with Century holding a first
mortgage lien position on one of the properties and a second mortgage lien 
position on the other property.  In early 1998, Century approved a sales 
agreement for the property on which Century has a first lien position. The 
agreement calls for the debtor to sell the property to a third party and 
apply $970,000 in proceeds from the sale against the debtor's loan
balance with Century.  The sale is expected to consummate by mid 1998.

The second non-accrual loan is a commercial real estate loan in the amount of
$702,000.  The loan was placed on non-accrual status in the third quarter of
1997 due to the debtor filing for bankruptcy.  The loan is comprised of a
commercial land development project with Century holding as collateral a
first mortgage lien position on the land development project.  In addition,
Century holds various other positions on other commercial and non-commercial
properties owned by the debtor.

In accordance with Statement of Financial Accounting Standard No 114 and 118,
both loans are considered to be impaired. Total combined average balances for
the loans during the first quarter of 1998 equaled $2,613,000, for which $356
of the allowance for loan losses had been allocated. Century did not recognize
any interest income on these loans during the first quarter of 1998.

                                    Page 13

<PAGE>
Non-performing Assets(Continued)
--------------------------------

At March 31, 1998, the Corporation's total non-performing assets, including
any loans classified for regulatory purposes as loss, doubtful, substandard or
special mention do not represent or result from trends or uncertainties which
management reasonably expects will materially impact future operating results,
liquidity or capital resources.  Nor do they represent material credits about
which management is aware of any information which causes management to have
serious doubts as to the ability of borrowers to comply with loan repayment
terms.

Deposits
--------

Total deposits decreased $421,000 or .10% when compared to December 31, 1997. 
Demand deposit accounts and Time deposits decreased by $1,802,000 or 2.1% and
$1,698,000 or 0.7%, respectively.  The Corporation's growth during the quarter
occurred mostly in Money Market accounts which increased by $ 2,082,000 or
4.0%.

Borrowings
----------

Total borrowings of the Corporation decreased $4,000,000 or 16.7% when
compared to total borrowings at December 31, 1997.  This decrease was a result
of a $4,000,000 Federal Home Loan Bank Advance that matured during the first
quarter of 1998.  The remaining balance of total borrowings outstanding is
comprised solely of advances with the Federal Home Loan Bank of Pittsburgh.


                           RESULTS OF OPERATIONS
                           ---------------------
        COMPARISON OF THE RESULTS OF OPERATIONS FOR THE THREE MONTHS
                       ENDED MARCH 31, 1998 AND 1997

Summary of Earnings
-------------------

The Corporation earned $1,363,000 or $0.27 per basic share for the three
months ended March 31, 1998.  This represents an increase of $61,000 or 4.7%
over net income reported for the same period in 1997.  The increase in net
income is attributable to an increase in net interest income, total
noninterest income and a decrease in income tax expense, all offset by an
increase in total noninterest expense and the provision for loan losses.

Net Interest Income
-------------------

The Corporation's net interest income increased $107,000 or 2.5% during the
three months ended March 31, 1998 when compared to the same period in 1997. 
This increase is a result of a $770,000 or 9.5% increase in total interest
income, offset by an increase of $663,000 or 17.1% in total interest expense. 
Net interest income, on a fully taxable equivalent basis, as a percentage of
average earning assets, commonly referred to as the net interest margin,
decreased by 16 basis points to 4.47% from 4.63% at March 31, 1997.  This
decrease was mostly a result of an increase in the balance and rates paid on
higher yielding deposits.  (Reference is made to the table on page 14 in
conjunction with the following paragraphs for further analysis of net interest
income.)

Interest income on loans increased $846,000 or 12.4% for the first quarter of
1998 compared to the same period in 1997.  This increase is attributable to an
increase in the average loan balance outstanding during the 1998 period offset
by a slight decrease in the average yield earned.

                                    Page 14
<PAGE>
Net Interest Income (Continued)
-------------------------------

Interest income on investment securities decreased $75,000 or 6.6% for the
first quarter of 1998 compared to the same period in 1997.  This decrease is
attributable to a decrease in the average balance of investment securities
outstanding during the 1998 period offset by an increase in the average yield
earned.

Interest expense on deposits increased $507,000 or 13.6% for the first quarter
of 1998 compared to the same period in 1997.  This increase is attributable to
an increase in the average rate paid on these funds during the 1998 period as
well as an increase in the average balance of deposits outstanding during the
same period.

Interest expense on total borrowings increased $156,000 or 106.1% for the three
months ended March 31, 1998 compared to the same period in 1997.  This
increase was attributable to an increase in the average balance of borrowed
funds outstanding as well as an increase in the rate paid on these funds.

The following table illustrates information regarding the average balances,
yields and rates on interest earning assets and interest-bearing liabilities:

                                        Three Months Ended March 31,
                                   ---------------------------------------
                                          1998                  1997
                                   -----------------     -----------------
                                   Average    Yield/     Average    Yield/
                                   Balance     Rate      Balance     Rate
                                   -------    ------     -------    ------
                                              (Dollars in thousands)
Interest earning assets:
  Federal funds sold               $ 7,448     5.59%     $10,145     5.34%
  Interest-bearing deposits with
     other banks                     2,494     5.65          252     5.61
  Investment securities (2)         67,527     6.86       76,504     6.43
  Loans (1) (2)                    357,097     9.13      315,050     9.15
                                   -------    ------     -------    ------
     Total interest earning assets 434,566     8.72      401,951     8.53

                                   -------    ------     -------    ------
Interest-bearing liabilities:
  Deposits                         345,778     4.96      325,782     4.64
  Short term borrowings              2,356     4.59        8,822     5.50
  Other borrowings                  20,000     5.60        2,178     5.06
                                   -------    ------     -------    ------
     Total interest-bearing
     liabilities                   368,134     5.00      336,782     4.66
                                   -------    ------     -------    ------
Net earning assets                 $66,432               $65,169
                                   =======               =======          
Net interest spread                            3.72%                 3.87%
                                              ======                ======
Net interest margin (3)                        4.47%                 4.63%
                                              ======                ======
(1)  For the purpose of these computations, non-accrual loans are included in
     the daily average loan amounts outstanding.
(2)  Yields are computed on a tax equivalent basis using a 34% federal income
     tax rate.
(3)  Net interest margin is calculated by dividing the difference between
     total interest earned and total interest paid by total interest earning
     assets.

Provision For Loan Losses
-------------------------

The provision for loan losses charged to operations in the first quarter of
1998 was $270,000 compared to $195,000 charged in the same period in 1997,
representing an increase of $75,000 or 38.5%.  The increase in the provision
was a result of; (1) the increase in the loan portfolio during the same
period, (2) an increase in the level of net charge-offs; and (3) Management's
ongoing analysis of the adequacy of the allowance for loan losses.

                                    Page 15
<PAGE>
Noninterest Income and Expense
------------------------------

The Corporation's total consolidated noninterest income increased $72,000 or
9.6% for the three months ended March 31, 1998 when compared to the same
period in 1997.  This increase was a result of a $43,000 or 17.6% increase in
trust department income and an increase of $22,000 or 13.8% in other income. 
Trust department income increased as a result of continued growth in both the
number and value of trust accounts.  The increase in other income was mostly
attributable to an increase in ATM related fees.  Included in other income for
the 1997 period was a one-time recovery received in the amount of $15,000
relating to physical damages occurring at a branch facility.

The Corporation's total consolidated noninterest expense increased $171,000 or
5.5% for the three months ended March 31, 1998 when compared to the same
period in 1997.  This increase was primarily a result of a $108,000 or 12.7%
increase in total other expense, a $20,000 or 1.2% increase in  salaries and
employee benefits, and a $41,000 or 7.8% increase in net occupancy and
equipment expenses.

The increase in total other expenses was attributable to: (1) an increase of
$15,000 in advertising expenses related to the introduction of Century's new
"Free Checking"product in early 1998; (2) an increase of $66,000 in
professional advisory fees; and (3) an increase of $18,000 in ATM related
costs.

Federal Income Taxes
--------------------

Federal income tax expense decreased $128,000 or 34.6% for the three months
ended March 31, 1998 compared to the same period in 1997.  This decrease was
the result of an increase in tax-exempt interest which increased during the
same period as a result of an increase in the balance of tax free loans
outstanding.  Also contributing to the decrease was a decrease in taxable
income when compared to the same period in the previous year.

Liquidity and Interest Rate Sensitivity
---------------------------------------

The liquidity of a banking institution reflects its ability to provide funds
to meet loan requests, to accommodate possible outflows of deposits, and to
take advantage of interest rate market opportunities.  Funding of loan
requests, providing for liability outflows, and management of interest rate
fluctuations require continuous analysis in order to match the maturities of
specific categories of short-term loans and investments with specific types of
deposits and borrowings.  Bank liquidity is thus normally considered in terms
of the nature and mix of the banking institution's sources and uses of funds.

Asset liquidity is provided through loan repayments and the management of
maturity distributions for loans and securities.  An important aspect of
liquidity lies in maintaining adequate levels of interest-earning assets that
mature within one year.  Interest-earning deposits in banks, federal funds
sold and short-term investment securities are used for this purpose and
totaled $12,659 at March 31, 1998.

Closely related to the concept of liquidity is the management of
interest-earning assets and interest-bearing liabilities.  The Corporation
manages its rate sensitivity position to minimize fluctuation in the net
interest margin and to minimize the risk due to changes in interest rates,
thereby attempting to achieve consistent growth of net interest income.

The difference between a financial institution's interest-sensitive assets
(i.e. assets which will mature or reprice within the same time period) and
interest-sensitive liabilities (i.e., liabilities which will mature or reprice
within the same period) is commonly referred to as its "Gap" or "Interest Rate
Gap".  An institution having more interest rate sensitive assets than interest
sensitive liabilities within a given time period is said to have a "positive
gap"; an institution having more interest rate sensitive liabilities than
interest rate sensitive assets within a given time period is said to have a
"negative gap".

                                    Page 16
<PAGE>
Liquidity and Interest Rate Sensitivity (Continued)
---------------------------------------------------

The following table is presented in conformity with industry practice and
reflects contractual repricing schedules as of March 31, 1998:

                         Within 3    3-12        1-5        Over
                          Months    Months      Years     5  Years    Total
                        ---------  ---------  ---------  ---------  ---------
                                           (In thousands)
Interest-earning deposits
  with other banks      $   3,449  $       -  $       -  $       -  $   3,449
Federal funds sold            525          -          -          -        525
Investment securities:
  Taxable                     423      7,267     41,191      6,117     54,998
  Non-taxable                 275        720      3,135      8,608     12,738
Loans                      55,872     36,880    150,017    116,860    359,629
                        ---------  ---------  ---------  ---------  ---------
  Total earning assets     57,095     44,867    194,343    131,585    427,890
                        ---------  ---------  ---------  ---------  ---------

Interest-bearing demand
     deposits               7,519          -     22,683      7,394     37,596
Savings deposits            6,855      6,855     13,825      6,740     34,275
Money Market deposits      16,381     27,302     10,922          -     54,605
Time deposits              57,590     72,533     85,880      5,165    221,168
Other borrowings                -          -     20,000          -     20,000
                        ---------  ---------  ---------  ---------  ---------
  Total interest-bearing
     liabilities           88,345    106,690    153,310     19,299    367,644
                        ---------  ---------  ---------  ---------  ---------

Interest rate sensitivity
  gap                   $ (31,250) $ (61,823) $  41,033  $ 112,286  $  60,246
                        =========  =========  =========  =========  =========

Cumulative interest rate
  sensitivity gap       $ (31,250) $ (93,073) $ (52,040) $  60,246
                        =========  =========  =========  =========

Cumulative interest rate
  sensitivity gap as a
  percentage of total
  earning assets           (7.30%)   (21.75%)   (12.16%)    14.08%
                        =========  =========  =========  =========


The above table is a static view of the balance sheet with assets and
liabilities grouped into certain defined time periods.  Being measured at a
specific point in time, this analysis may not fully describe the complexity of
relationships between product features and pricing, market rates, and future
management of the balance sheet mix.  The primary method of measuring the
sensitivity of earnings to market interest rates is to simulate expected
earnings streams under various rate scenarios while at the same time adjusting
for the anticipated behavior of non-contractual deposit accounts.  These
adjustments are influenced by the Federal Reserve Bank and other regulators'
proposed guidelines for the measurement of interest rate risk.  Subject to
these qualifications, the table above reflects a cumulative gap for assets and
liabilities maturing or repricing in the next twelve months.

The Corporation's asset/liability management committee monitors the interest
rate sensitivity position of the Corporation to ultimately achieve consistent
growth of net interest income.

                                    Page 17
<PAGE>
Liquidity and Interest Rate Sensitivity (Continued)
---------------------------------------------------

At this time, management is not aware of any known trends, events, or
uncertainties that would have a material effect on either the liquidity,
capital resources or operations of the Corporation.  Nor is management aware
of any current recommendations by the regulatory authorities which, if
implemented, would have a material effect on the liquidity, capital resources
or operations of the Corporation.

Capital Resources
-----------------

As a bank holding company, the Corporation is required to meet certain
risk-based capital and leverage requirements.  The risk-based capital
requirements redefine the components of capital, categorize assets into
different risk classes and include certain off-balance sheet items in the
calculation of the adequacy of capital.  A financial institution's capital is
divided into two classes, Tier I and Tier II.

In addition to risk-based capital requirements, a leverage ratio test must
also be met.  The leverage ratio is defined as the ratio of Tier I capital to
average assets (not risk adjusted).  The required ratio for each financial
institution will be determined based on the financial institution's relative
soundness.  A minimum ratio of Tier I capital to total average assets of three
percent has been established for top rated financial institutions, with less
highly rated or those with higher levels of risk required to maintain ratios
of 100 to 200 basis points above the minimum level.

The Corporation's Tier I, total risk-based capital and leveraged capital
ratios consisted of the following:

                                        March 31, 1998      December 31, 1997
                                   ---------------------  --------------------
                                     Amount   Percentage   Amount   Percentage
                                   ---------  ----------  --------  ----------
                                              (Dollars in thousands)  
  Total Capital:
   (to Risk Weighted Assets)
     Actual                        $  41,340    11.73%   $  40,296     11.66%
     For Capital Adequacy             28,184     8.00%      27,656      8.00%
     To Be Well Capitalized           35,230    10.00%      34,570     10.00%
  Tier I Capital:
   (to Risk Weighted Assets)
     Actual                        $  36,931     10.48%  $  35,970     10.40%
     For Capital Adequacy             14,092      4.00%     13,828      4.00%
     To Be Well Capitalized           21,138      6.00%     20,742      6.00%
  Tier I Capital:
   (to Average Assets)
     Actual                        $  36,931      8.10%  $  35,970      7.80%
     For Capital Adequacy             18,231      4.00%     18,449      4.00%
     To Be Well Capitalized           22,789      5.00%     23,062      5.00%

                                    Page 18
<PAGE>
                        CENTURY FINANCIAL CORPORATION
                         PART II - OTHER INFORMATION


   ITEM  1.  Legal Proceedings

             None

   ITEM  2.  Changes in Securities

             None

   ITEM  3.  Defaults upon Senior Securities

             None

   ITEM  4.  Submission of Matters to a Vote of Security Holders

             None

   ITEM  5.  Other Information

             None

   ITEM  6.  Exhibits and reports on Form 8-K

         (a)  Exhibits
              The exhibits listed below are filed herewith or incorporated
              herein by reference:

              27  Financial Data Schedule, filed herewith.

         (b)  Reports on Form 8-K

              None
















                                    Page 19

<PAGE>
                                SIGNATURES




Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this quarterly report to be signed on its behalf by
the undersigned, thereunto duly authorized.


                                        Century Financial Corporation



Date:  May 8, 1998     By:   /s/   Joseph N. Tosh, II
                             -------------------------------------------------
                             Joseph N. Tosh, II
                             President and Chief Executive Officer
                             (Principal Executive Officer)


Date:  May 8, 1998     By:   /s/   Donald A. Benziger
                             -------------------------------------------------
                             Donald A. Benziger
                             Senior Vice President and Chief Financial Officer
                             (Principal Financial Officer)


                                    Page 20