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Previous: SMITH BARNEY CONCERT SERIES INC, 497, 1998-12-01 |
Next: LEUTHOLD FUNDS INC, NSAR-B, 1998-12-01 |
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 December 1, 1998
AMBANC HOLDING CO., INC.
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(Exact name of Registrant as specified in its Charter)
Delaware 0-27036 14-1783770
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(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
11 Division Street, Amsterdam, New York 12010-4303
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (518) 842-7200
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N/A
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(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events
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On November 24, 1998, the Registrant issued the press release attached
hereto as Exhibit 99 announcing Ambanc's Increased Cash Dividend.
Item 7. Financial Statements and Exhibits
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(c) Exhibits
The Exhibits referred to in Item 5 of this Report and listed on the
accompanying Exhibit Index are filed as part of this Report and are incorporated
herein by reference.
<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 thereunto duly authorized.
AMBANC HOLDING CO., INC.
Date: December 1, 1998 By:/s/John M. Lisicki
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John M. Lisicki
President & Chief Executive Officer
<PAGE>
Exhibit
Number Description
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99 Press release dated November 24, 1998
FOR IMMEDIATE RELEASE
Contact:
John M. Lisicki, President and CEO
Tel: (518)842-7200
Fax: (518)842-7500
Ambanc Holding Co., Inc. Announces Increased Cash Dividend
Amsterdam, N.Y., November 24, 1998 - John M. Lisicki, President and Chief
Executive Officer of Ambanc Holding Co., Inc. (Nasdaq National Market: AHCI),
the parent holding company of Mohawk Community Bank, today announced that the
Company's board of directors has declared a $.07 per share cash dividend payable
on December 15, 1998, to stockholders of record as of the close of business on
December 1, 1998. This represents an increase of $.01 per share as compared to
$.06 per share paid on September 15, 1998 to shareholders of record as of
September 1, 1998.
Ambanc Holding Co., Inc. is a unitary savings and loan holding company. The
company's primary subsidiary, Mohawk Community Bank, was created on November 16,
1998 as the result of the merger between Amsterdam Savings Bank, a subsidiary of
Ambanc Holding Co., Inc, and Amsterdam Federal Bank, a subsidiary of AFSALA
Bancorp, Inc., (NASDAQ: AFED). On October 27, 1998, the Office of Thrift
Supervision (OTS) approved the merger between Ambanc and AFSALA, along with
their subsidiaries. The shareholders of Ambanc and AFSALA approved the merger in
September of 1998. Upon consummation of the merger, each outstanding share of
AFSALA common stock was converted into 1.07 shares of Ambanc common stock.
Mohawk Community Bank, with total assets of approximately $700 million and
total deposits of approximately $460 million, conducts its business through 18
upstate New York Offices, located in Montgomery, Fulton, Schenectady, Saratoga,
Albany, Otsego and Chenango counties, New York. The Bank's deposits are insured
up to the legal amount by the Federal Deposit Insurance Corporation (FDIC). The
Company's common stock is traded on the NASDAQ Stock Market/National Market
System under the symbol "AHCI".
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