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Previous: ACCESS CAPITAL STRATEGIES COMMUNITY INVESTMENT FUND INC, N-54C, 1998-07-01 |
Next: AMBANC HOLDING CO INC, 8-K, 1998-07-01 |
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 June 30, 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 June 30, 1998, the Registrant issued the press release attached hereto
as Exhibit 99 announcing retirement of its President and Chief Executive
Officer.
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: June 30, 1998 By:
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Lauren T. Barnett
Interim President and Chief
Executive Officer
<PAGE>
Exhibit
Number Description
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99 Press release dated June 30, 1998 announcing retirement of its
President and Chief Executive Officer.
FOR IMMEDIATE RELEASE
Contact:
Marvin R. LeRoy, Jr., Director
Tel:(518) 438-2217
Ambanc Holding Co., Inc. Announces Retirement of its
President and Chief Executive Officer
Amsterdam, N.Y., (June 30, 1998) The Board of Directors of Ambanc Holding
Co., Inc., (Nasdaq Stock Market "AHCI") announced today the retirement of Robert
J. Brittain, its President and Chief Executive Officer. Mr. Brittain will remain
as a director of Ambanc Holding Co., Inc. and Amsterdam Savings Bank, FSB.
Lauren T. Barnett, an Ambanc director with over 30 years of experience,
will become the interim President and Chief Executive Officer of both the
holding company and its savings bank subsidiary, Amsterdam Savings Bank, FSB
until the completion of the pending merger with AFSALA Bancorp, Inc. At that
time John M. Lisicki, President and Chief Executive Officer of AFSALA, will
become President and Chief Executive Officer of the resulting bank. Mr. Lisicki
will become the President and Chief Executive Officer of Ambanc no later than
January 1, 1999.
Mr. Barnett stated "As a result of the work of the merger transition team
involving Mr. Brittain, Mr. Lisicki and their respective executive staffs, we
believe we have reached the stage where Mr. Brittain can take early retirement.
The Board appreciated his over twenty years of service to the bank and the
Company, and is looking forward to a smooth transition to the leadership of Mr.
Lisicki following completion of the merger."
Ambanc had assets of $519.8 million, deposits of $324.4 million and
shareholder's equity of $60.8 million at March 31, 1998. Ambanc operates 12
savings bank offices, including five supermarket offices.
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