SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): December 23, 1999
TOMPKINS TRUSTCO, INC.
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(Exact Name of Registrant as Specified in its Charter)
New York 1-12709 16-1482357
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification Number)
P.O. Box 460, The Commons, Ithaca, New York 14851
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(Address of principal executive offices) (zip code)
(607) 273-3210
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(Registrant's telephone number, including area code)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On December 23, 1999, Tompkins Trustco, Inc. (the "Company") completed
its merger of Letchworth Independent Bancshares Corporation ("Letchworth") with
and into the Company, in a transaction accounted for as a pooling of interests.
The merger became effective as of December 31, 1999. Pursuant to such merger,
the Company will issue 0.685 shares of its common stock for each of the
3,376,409 shares of Letchworth's common stock outstanding at the effective date
of the merger.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Letchworth
* - To be filed by amendment.
(b) Pro Forma Financial Statements
* - To be filed by amendment.
(c) Exhibits
99.1 Press release dated December 23, 1999.
SIGNATURE
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.
TOMPKINS TRUSTCO, INC.
Date: January 6, 2000 By: /s/ JAMES J. BYRNES
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James J. Byrnes
Chairman, President and
Chief Executive Officer
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INDEX TO EXHIBITS
EXHIBIT
NUMBER EXHIBIT DESCRIPTION
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99.1 Press Release of Tompkins Trustco, Inc. and Letchworth
Independent Bancshares Corporation dated December 23,
1999.
Exhibit 99.1
For additional information,
contact James J. Byrnes, Chairman & CEO
(607) 273-3210
FOR IMMEDIATE RELEASE
December 23, 1999
TOMPKINS TRUSTCO, LETCHWORTH BANCSHARES FINALIZE MERGER
ITHACA, NY and CASTILE, NY - Tompkins Trustco, Inc. and Letchworth
Independent Bancshares Corporation announced today the merger of Letchworth
Independent Bancshares Corporation into Tompkins Trustco, Inc., effective
December 31, 1999. The merger had been approved by shareholders of both
companies, as reported on December 20, 1999. Shares of Letchworth Independent
Bancshares Corporation will cease trading on NASDAQ at the close of the market
on December 31, 1999. Outstanding shares of Letchworth will be converted into
0.685 shares of Tompkins Trustco, Inc. after December 31, 1999.
