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 30, 2003

                             Alpena Bancshares, Inc.
          ------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

         United States                    0-31957                 38-3567362
-------------------------------     ---------------------    -------------------
 (State or other jurisdiction       (Commission File No.)     (I.R.S. Employer
      of incorporation)                                      Identification No.)


                  100 S. Second Avenue, Alpena, Michigan 49707
          ------------------------------------------------------------
             (Address of principal executive offices, with zip code)



Registrant's telephone number, including area code: (989) 356-9041



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




Item 2. Acquisition or Disposition of Assets

Effective February 28, 2003, First Federal of Northern Michigan (the "Bank"), a
federally chartered savings bank wholly own by Alpena Bancshares, Inc. ("ABI"),
a federally chartered holding company, entered into a Stock Purchase Agreement
with Ralph and Kathleen Stepaniak to acquire the entire issued and outstanding
stock interest of the InsuranCenter Corp. of Alpena ("ICA"), whereby ICA would
become a wholly owned subsidiary of the Bank. This agreement was detailed in a
Form 8-K report filed on March 13, 2003. The parties executed an amendment to
this Stock Purchase Agreement on April 30, 2003, which amendment extends the
time for Closing from May 1, 2003 to June 1, 2003, with all other terms and
conditions remaining unchanged.



Item 7. Financial Statements, Pro Forma Financial Information & Exhibits



         (a)               Financial Statements of Business Acquired. No
                           financial statements are being filed pursuant to Rule
                           3-05(b)(2)(i) of Regulation S-X.

         (b)               Pro Forma Financial Information. No Pro forma
                           financial information is being filed pursuant to Rule
                           11-01(c) of Regulation S-X.

         (c)               Exhibits

                  No.                       Description

                  2.1               Amendment To The Stock Purchase Agreement.



                           Pursuant to the requirements of the Securities
                           Exchange Act of 1934, the Registrant has duly caused
                           this report to be signed on its behalf the
                           undersigned, hereto duly authorized.



                                    ALPENA BANCSHARES, INC. AND FIRST FEDERAL OF
                                    NORTHERN MICHIGAN

DATE: May 9, 2003                   By:   /s/ Martin A. Thomson
                                          --------------------------------------
                                          Martin A. Thomson
                                          President and Chief
                                          Executive Officer



                                       2

                                 EXHIBIT INDEX



EXHIBIT NO.             DESCRIPTION

2.1                     Amendment To The Stock Purchase Agreement.