================================================================================ FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 REPORT OF FOREIGN PRIVATE ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of November, 2007 Commission File Number: 0-30852 GRUPO FINANCIERO GALICIA S.A. Galicia Financial Group S.A. (Translation of registrant's name into English) Tte. Gral. Juan D. Peron 456 (C1038AAJ) Buenos Aires, Argentina (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F [X] Form 40-F [ ] Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes [ ] No [X] If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________ ================================================================================ FORM 6-K COMMISSION FILE NO. 0-30852 MONTH FILED EVENT AND SUMMARY EXHIBIT NO. November, 2007 Notice of Material Event, dated November 14, 99.1 2007, regarding the partial cancellation by Banco de Galicia y Buenos Aires S.A. (the Registrant's principal subsidiary) of the public offering for US$ 5,993,200 of Negotiable Obligations due in 2010. 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, thereunto duly authorized. GRUPO FINANCIERO GALICIA S.A. (Registrant) Date: November 15, 2007 By: /s/Antonio Garces -------------------------- Name: Antonio Garces Title: Chief Executive Officer EXHIBIT 99.1 BANCO DE GALICIA Y BUENOS AIRES S.A. Buenos Aires, November 14, 2007 Comision Nacional de Valores (National Securities Commission) BY HAND Ref.: Program for the issuance and re- issuance of Ordinary Negotiable Obligations for up to US$ 2,000,000,000 - Cancellation. Dear Sirs, In my capacity as attorney in fact for Banco de Galicia y Buenos Aires Sociedad Anonima (the "Bank"), I am writing in order to inform you that, on the date hereof, the Bank has decided to cancel the Negotiable Obligations detailed below and cancel the public offering thereof, these Negotiable Obligations were acquired through purchases which were made under market terms: * Negotiable Obligations due in 2010: for a nominal value of US$ 5,993,200 (five million and nine hundred ninety three thousand and two hundred US Dollars). After effecting this cancellation, the principal amount of the outstanding Negotiable Obligations due in 2010 will have a nominal value of US$ 280,723,867 (two hundred eighty million seven hundred and twenty three thousand and eight hundred sixty seven US Dollars). Consequently, we request that you give effect to the partial cancellation of the Public Offering for US$ 5,993,200 of Negotiable Obligations due in 2010. Yours faithfully, Maria Matilde Hoenig Attorney in fact