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UNITED STATES
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 report) March 9, 2000 (January 11, 2000)
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CITIZENS FIRST FINANCIAL CORP.
(Exact name of registrant as specified in its charter)
Delaware 1-4274 37-1351861
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(State or other jurisdiction of (Commission IRS Employer
incorporation or organization) File Number) Identification No.)
2101 N. Veteran Parkway, Bloomington, Illinois 61704
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(Address of principal executive offices)
(309) 661-8700
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(Issuer's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report.)
Total Pages: 3
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Item 5. Other Events
Citizens First Financial Corp announces the sale of Citizens Savings Bank's
Eureka, Illinois branch facility to Morton Community Bank.
A press release is attached as Exhibit 99.1.
Exhibit No. Page
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99.1 Press release dated January 11, 2000 3
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.
Dated: March 9, 2000 By: /s/ C. William Landefeld
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C. William Landefeld
President and Chief Executive Officer
Dated: March 9, 2000 By: /s/ Dallas G. Smiley
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Dallas G. Smiley
Senior Vice-President and
Chief Financial Officer
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Exhibit 99.1
FOR IMMEDIATE RELEASE
Contact:
C. William Landefeld
President & Chief Executive Officer
Citizens Savings Bank
2101 North Veterans Parkway
Bloomington, Illinois 61704
Phone: (309) 661-8700
January 11, 2000
CITIZENS SAVINGS BANK TO SELL EUREKA BRANCH
TO MORTON COMMUNITY BANK
C. William Landefeld, President and CEO of Citizens First Financial Corp., the
holding company for Citizens Savings Bank and Gordon D. Honegger, Chairman of
Hometown Independent Bancorp, the holding company for Morton Community Bank,
jointly announced today the sale of Citizens' Eureka, Illinois Branch facility
to Morton Community Bank.
The office, which has approximately $26 million in deposits and nine employees,
was originally acquired by Citizens in 1973, with the acquisition of the former
El Paso Building & Loan Association.
Landefeld said the Branch became available for sale when Citizens, through its
Strategic Plan, decided to concentrate more of its marketing and business
development efforts in the McLean and Livingston County areas and less in the
highly competitive Peoria market areas. He felt the location would be a good
geographical fit for Morton, as much of their assets are concentrated in the
Woodford and Tazewell County market areas.
Details of the transaction were not disclosed. However, Landefeld said the Bank
received approximately a ten percent (10%) premium for the deposits of the
facility.
Landefeld anticipates no regulatory problems with the sale and that the
transaction should be completed some time in the first quarter of 2000.
Citizens First Financial Corp. (C.F.F.C.) is a $300 million asset savings
association holding company based in Bloomington, Illinois, with one banking
subsidiary located in Central Illinois. C.F.F.C. is a publicly traded company
that is traded on the American Stock Exchange under the symbol CBK.
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