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Proc-Type: 2001,MIC-CLEAR
Originator-Name: keymaster@town.hall.org
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 pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ==
MIC-Info: RSA-MD5,RSA,
 AzKU5Q4ev8jGP7JngJ6nQBZZJm0SeqN9zxu+2it8MLZAbp1jZhRJqILAWxQqkF/N
 S9NUwRIVrTbW5OUJJpoiEQ==

<IMS-DOCUMENT>0000898430-95-000613.txt : 19950426
<IMS-HEADER>0000898430-95-000613.hdr.sgml : 19950426
ACCESSION NUMBER:		0000898430-95-000613
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	19950424
ITEM INFORMATION:		Other events
FILED AS OF DATE:		19950425
SROS:			AMEX

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CITADEL HOLDING CORP
		CENTRAL INDEX KEY:			0000716634
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		IRS NUMBER:				953885184
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08625
		FILM NUMBER:		95530984

	BUSINESS ADDRESS:	
		STREET 1:		700 N CENTRAL
		STREET 2:		SUITE 500
		CITY:			GLENDALE
		STATE:			CA
		ZIP:			91203
		BUSINESS PHONE:		8185517450

	MAIL ADDRESS:	
		STREET 1:		600 N BRAND BLVD
		CITY:			GLENDALE
		STATE:			CA
		ZIP:			91203
</IMS-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<DESCRIPTION>FORM 8-K
<TEXT>

<PAGE>
 
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

               CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF
                           THE SECURITIES ACT OF 1934

DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED):      April 24, 1995

                          CITADEL HOLDING CORPORATION
            (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

    Delaware                 1-8625                    95-3885184
(STATE OR OTHER          (COMMISSION FILE           (I.R.S. EMPLOYER    
JURISDICTION OF              NUMBER)               IDENTIFICATION NO.) 
 INCORPORATION)
                     
                                           
600 North Brand Boulevard, Glendale, California           91203
   (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)             (ZIP CODE)

REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE:  (818) 549-3130

                                     None
         (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)

                                                       Page 1 of 3 pages

                                       1
<PAGE>
 
ITEM 5. FINANCIAL STATEMENTS AND EXHIBITS.

        (c)  Exhibits

        99.  Press Release of Citadel Holding Corporation, dated April 25, 1995.

                                       2
<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 hereunto duly authorized.

                                      CITADEL HOLDING CORPORATION, a 
                                      Delaware corporation

                                      By:    /s/ Steve Wesson
                                             -----------------
                                      Name:  Steve Wesson
                                      Title: President and Chief 
                                             Executive Officer
April 25, 1995

                                       3
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<DESCRIPTION>PRESS RELEASE 04/25/95
<TEXT>

<PAGE>
 
                                                                      EXHIBIT 99

                     CITADEL HOLDING CORPORATION ANNOUNCES
                    SALE OF SHARES OF FIDELITY FEDERAL BANK

     Los Angeles, California (April 25, 1995) - Citadel Holding Corporation
today announced that it had reached agreement to sell approximately 2.9 million
shares of Class B Common Stock of Fidelity Federal Bank, a Federal Savings Bank,
to various purchasers. Citadel will receive $3.50 per share before selling
costs.

     The sales, together with Citadel's previously announced sales to Roderick
Dillon and certain affiliates, reduce Citadel's ownership in Fidelity to less
than 1% of the outstanding common stock of Fidelity.  Under Fidelity's Charter,
all shares of Fidelity sold by Citadel, as well as the shares retained by
Citadel, have been converted into equal numbers of shares of Fidelity Class A
Common Stock.

     Citadel shares are listed on the American Stock Exchange under the symbol
"CDL". Contact: Steve Wesson, President and Chief Executive Officer, Citadel
Holding Corporation, (818) 549-3130.
</TEXT>
</DOCUMENT>
</IMS-DOCUMENT>
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