ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENT OF
CERTAIN OFFICERS

(b) On January 29, 2009, Richard M. Osborne resigned as a director of the Company and the Bank. Also on January 29, 2009, John R. Male, Chief Executive Officer of the Company and the Bank, resigned as Chairman of the Boards of the Company and the Bank.

(d) On January 29, 2009, Mark D. Grossi was elected to the Boards of Directors of the Company and the Bank, filling the vacancies created by the resignation of Mr. Osborne. Mr. Grossi will serve as Chairman of the Company's and the Bank's Boards of Directors.

(e) John R. Male entered into a Letter Agreement, dated January 29, 2009, with the Company and the Bank pursuant to which, among other things, Mr. Male (i) will resign as Chairman of the Boards of the Company and the Bank, effective immediately, while continuing to serve as a member of the Company's and the Bank's Boards of Directors, and (ii) will resign as Chief Executive Officer of the Company and the Bank, effective upon the earlier of (a) March 31, 2009 or (b) the date on which the Boards of Directors of the Company and the Bank appoint a successor Chief Executive Officer of the Company and the Bank. Upon Mr. Male's resignation, he will be appointed President of the Company's wholly owned subsidiary, PVF Service Corporation. The Letter Agreement also provides that Mr. Male agrees not to exercise the right to terminate his employment for "good reason" under his severance agreement on account of the changes to his employment duties and responsibilities.

For more information, reference is made to the Company's press release dated January 29, 2009, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(a) Not applicable.

(b) Not applicable.

(c) Not applicable.

(d) The following exhibit is filed herewith:

Exhibit 99.1 Press Release dated January 29, 2009