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) APRIL 28, 2003
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CONSUMERS FINANCIAL CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Pennsylvania 0-2616 23-1666392
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(State or Other Jurisdiction (Commission file Number) (IRS Employer
of Incorporation) Identification No.)
132 Spruce Street, Cedarhurst, NY 11516
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (516) 792-0900
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Item 5. Other Events and Regulation FD Disclosure.
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Consistent with its disclosure in its annual report on Form 10-K for the
fiscal year ended December 31, 2002, filed on April 14, 2003, that it is has
started to shift its operating focus towards the real estate, construction
management and medical technology industries, Consumers Financial Corporation
(the "Company") announced the following recent developments:
1. The Company's majority shareholder, CFC Partners, Ltd. ("CFC Partners"), has
entered into agreements to acquire a garden apartment complex in Springfield, IL
and a high-rise residential building in Chicago, IL. CFC Partners intends to
assign all of its rights and obligations under these agreements to the Company
within the next 30 days. The Company is negotiating the acquisition of several
additional garden apartment complexes in other areas and is negotiating with a
town in Long Island, NY to acquire a residential property for the purpose of
developing condominiums and townhouses; and
2. The Company has entered into a letter of intent with a leading radiologist
and operator of several radiology centers in the metropolitan New York area to
purchase, develop and operate positron emission tomography imaging (P.E.T.)
centers initially in the New York area.
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 on this 28th day of April, 2003.
CONSUMERS FINANCIAL CORPORATION
By: /s/ Donald J. Hommel
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Donald J. Hommel
President and Chief Executive Officer