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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): April ___, 1997
CAPITAL CORP OF THE WEST
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(Exact name of registrant as specified in its charter)
CALIFORNIA 0-27384 77-0405791
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State of Incorporation Commission File No. IRS Employer ID Number
1160 WEST OLIVE AVENUE, SUITE A, MERCED, CALIFORNIA 95348
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Address, including zip code, of registrant's principal executive office
(209) 725-2200
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Registrant's telephone number, including area code
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ITEM 5. OTHER EVENTS.
See attached press release.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) EXHIBITS.
No. Description
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99. Press release issued by the Company on April __, 1997
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has caused this current report to be signed on its behalf by the
undersigned duly authorized person.
Date: April __, 1997 Capital Corp of the West
By: /s/ Thomas T. Hawker
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Its President and Chief Executive Officer
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[LOGO]
PRESS RELEASE
AVAILABLE FOR IMMEDIATE PUBLICATION: APRIL 1, 1997
CONTACT: JO LINDA THOMPSON, MARKETING COORDINATOR
(209)725-2219
CAPITAL CORP OF THE WEST ANNOUNCES STOCK SPLIT
Upon review of the successful 1996 year, the Board of Directors of Capital
Corp of the West (traded on NASDAQ as CCOW) has declared a three for two stock
split for shareholders of record on April 11, 1997 payable on May 2, 1997.
"BASED UPON THE SIGNIFICANT GROWTH OF THE COMPANY AND OUR EXPANSION INTO
NEW MARKETS SUCH AS THE CITY OF MODESTO, WE ARE PLEASED TO ANNOUNCE THE STOCK
SPLIT. STOCK PERFORMANCE HAS BEEN STRONG RECENTLY FOR THE COMPANY AND THE
INDUSTRY IN GENERAL. IN TAKING THIS STEP, THE PRICE OF OUR STOCK WILL RETURN
TO A PRICE RANGE WE BELIEVE WILL BE MORE ATTRACTIVE TO THE MARKETS WE ARE
CURRENTLY SERVING", says Thomas Hawker, President and CEO of Capital Corp of
the West.
This dividend was preceded by a 5% stock dividend and a five cents per share
cash dividend paid to shareholders of record August 16, 1996. With the stock
split, the total number of shares outstanding will be increased by 50% to
approximately 2.6 million shares. The book value of the Company's stock which
was $12.09 at December 31, 1996, will be adjusted accordingly.
Capital Corp of the West, a bank holding company established November 1, 1995,
is the parent company to: COUNTY BANK, celebrating 20 years of service as
central California's Community Bank, CAPITAL WEST GROUP, a financial and
management consulting subsidiary, and TOWN & COUNTRY FINANCE & THRIFT COMPANY,
an industrial loan company headquartered in Turlock serving the Central Valley
for forty years. Currently, County Bank has nine branch offices to serve the
communities of Merced, Stanislaus and Tuolumne counties. Town & Country has
four offices located in Turlock, Modesto, Visalia and its newest office in
Fresno. For further information about the Company's financial performance,
contact Tom Hawker, President and Chief Executive Officer, or Janey Boyce, Chief
Financial Officer at 209-725-2200.
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1160 West Olive Avenue / / Suite A / / Merced, California 95348 / /
(209) 725-2200 / / Fax: (209) 725-4550
