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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): JUNE 17, 1997
STONE STREET BANCORP, INC.
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(Exact name of registrant as specified in its charter)
NORTH CAROLINA 001-14230 56-1949352
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
232 SOUTH MAIN STREET
MOCKSVILLE, NORTH CAROLINA 27323-5936
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(Address of principal executive offices)
Registrant's telephone number, including area code: (704) 634-5936
N/A
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On June 17, 1997, the Board of Directors of Stone Street Bancorp, Inc.
declared dividends totalling $4.00 for each share of the Corporation's issued
and outstanding common stock to stockholders of record on June 30, 1997 to be
paid on July 11, 1997. This dividend represents a special, one-time return of
capital to stockholders of record. A copy of the press release concerning the
special dividend payment is attached as Exhibit (99)(a) hereto and incorporated
herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(99)(a) Press Release of Stone Street Bancorp, Inc. dated June 19,
1997.
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.
STONE STREET BANCORP, INC.
Date: June 26, 1997 By: /s/ J. Charles Dunn
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J. Charles Dunn, President and
Chief Executive Officer
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EXHIBIT INDEX
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Exhibit No. Description
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(99)(a) Press Release of Stone
Street Bancorp, Inc.
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[Letterhead of Stone Street Bancorp, Inc.]
June 19, 1997
From: J. Charles Dunn, CEO
Stone Street Bancorp, Inc.
232 South Main Street
Mocksville, North Carolina
To: Newsroom
Business Wire
Re: Public Announcement
Subject: Return of Capital
News Release
The Board of Directors of Stone Street Bancorp, Inc. (SSM) has declared a one
time special $4.00 per share repayment of capital to stockholders of record
date, June 30, 1997. The payment will be paid July 11, 1997.
