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<SEC-DOCUMENT>0000909654-03-000395.txt : 20030325
<SEC-HEADER>0000909654-03-000395.hdr.sgml : 20030325
<ACCEPTANCE-DATETIME>20030325121933
ACCESSION NUMBER:		0000909654-03-000395
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030320
ITEM INFORMATION:		Acquisition or disposition of assets
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20030325

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST CAPITAL INC
		CENTRAL INDEX KEY:			0001070296
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		IRS NUMBER:				352056949
		STATE OF INCORPORATION:			IN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25023
		FILM NUMBER:		03615311

	BUSINESS ADDRESS:	
		STREET 1:		220 FEDERAL DRIVE N W
		CITY:			CORYDON
		STATE:			IN
		ZIP:			47112
		BUSINESS PHONE:		8127382198

	MAIL ADDRESS:	
		STREET 1:		220 FEDERAL DRIVE N W
		CITY:			CORYDON
		STATE:			IN
		ZIP:			47112
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>firstcapital8k3-03.txt
<TEXT>
<PAGE> 1


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

                                    FORM 8-K
                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported): March 20, 2003
                                                          --------------

                              FIRST CAPITAL, INC.
                              -------------------
            (Exact name of registrant as specified in its charter)

      Indiana                          0-25023              35-2056949
      -------                       -------------          -------------
(State or other Jurisdiction of     (Commission            (IRS Employer
incorporation or organization)      File Number)           Identification No.)


220 Federal Drive N.W., Corydon, Indiana                    47112
- ----------------------------------------                    ---------
(Address of principal executive offices)                    (Zip Code)

                                 (812) 738-2198
                                 --------------
              (Registrant's telephone number, including area code)

                                 Not Applicable
                                 --------------
         (Former name or former address, if changed since last report.)







<PAGE> 2



ITEM 2.     ACQUISITION OR DISPOSITION OF ASSETS.
            ------------------------------------

      On March 20, 2003, First Capital, Inc. ("First Capital") consummated its
acquisition of Hometown Bancshares, Inc. ("Hometown") pursuant to the Agreement
and Plan of Merger, dated as of September 25, 2002, by and between First Capital
and Hometown (the "Merger Agreement"). The merger was completed through the
merger of Hometown with and into First Capital with First Capital being the
surviving corporation in the merger. Pursuant to the terms of the Merger
Agreement, Hometown stockholders who elected to receive First Capital stock
received 2.487 shares of First Capital common stock and Hometown stockholders
who elected to receive cash received $46.50 in cash for each share of Hometown
common stock. Hometown stockholders who did not submit properly completed
election forms within the required timeframe received 0.773 shares of First
Capital common stock and $32.05 in cash for each share of Hometown stock. First
Capital issued a total of approximately 285,445 shares and paid a total of
approximately $5.3 million to the former Hometown stockholders. First Capital
issued the stock consideration out of its authorized but unissued shares and
received dividends from First Harrison Bank to pay the cash consideration. The
press release issued by First Capital announcing the consummation of the merger
is attached as Exhibit 99.1.

ITEM 7.     FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
            ------------------------------------------------------------------

            (a)  The required financial statements will be filed by amendment to
                 this report no later than June 3, 2003.

            (b)  The required pro forma financial information will be filed by
                 amendment to this report no later than June 3, 2003.

            (c)  Exhibits: The following exhibits are filed as part of this
                 report:

            Exhibit No.       Description
            -----------       -----------

            2.1               Agreement and Plan of Merger, dated as of
                              September 25, 2002, by and between First Capital,
                              Inc. and Hometown Bancshares, Inc. (Incorporated
                              by reference to First Capital's Current Report on
                              Form 8-K filed on September 30, 2002.)

            99.1              Press Release, dated March 20, 2003





                                        2

<PAGE> 3



                                   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 hereunto duly authorized.

                                      FIRST CAPITAL, INC.


Dated: March 24, 2003                 By: /s/ William W. Harrod
                                          --------------------------------------
                                          William W. Harrod
                                          President and Chief Executive Officer








                                        3

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>firstcapitalex99.txt
<TEXT>
                                                                    EXHIBIT 99.1




PRESS RELEASE



                         FIRST CAPITAL, INC. CONSUMMATES
                    ACQUISITION OF HOMETOWN BANCSHARES, INC.


CORYDON, Ind - March 20, 2003-- First Capital, Inc. (Nasdaq: FCAP-News),
announced today that it has consummated its acquisition of Hometown Bancshares,
Inc., New Albany, Indiana.

First Capital will issue a total of approximately 285,445 shares and pay a total
of approximately $5.3 million to the former Hometown stockholders.

As a result of the acquisition, Hometown has been merged with and into First
Capital and Hometown's wholly owned subsidiary, Hometown National Bank, has been
merged with and into First Harrison Bank, a wholly owned subsidiary of First
Capital.

Hometown stockholders who elected to receive First Capital stock will receive
2.487 shares of First Capital common stock and Hometown stockholders who elected
to receive cash will receive $46.50 in cash for each share of Hometown common
stock they hold.

Hometown stockholders who did not submit properly completed election forms
within the required timeframe, will receive 0.773 shares of First Capital common
stock and $32.05 in cash for each share of Hometown stock.

Hometown stockholders who did not participate in the election process will be
notified of the procedure for such stockholders to submit their Hometown stock
certificates and to receive the merger consideration payable to them.

First Capital is the holding company for First Harrison Bank. As a result of the
merger, First Harrison now operates out of 11 offices.

Contact:

First Capital, Inc.
William W. Harrod 812/ 738-2198


</TEXT>
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