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)
September 1, 1999
Consumers Bancorp, Inc.
(Exact name of Registrant as specified in its Charter)
Ohio 33-79130 34-1771400
(State or other (Commission (IRS Employer
jurisdiction File No.) Identification Number)
of incorporation)
614 East Lincoln Way, Minerva, Ohio 44657
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (330)868-7701
N/A
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events
On September 1, 1999 the Registrant issued the attached press
release announcing the execution of an agreement to acquire one
branch office from Firstar Bank, N.A., located in Lisbon, Ohio.
The acquisition is expected to be consummated upon the
satisfaction of the terms and conditions contained in the
agreement, including receipt of all necessary regulatory
approvals.
Item 7. Financial Statements and Exhibits
(a) Exhibits
99.1 Press Release dated September 1, 1999
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.
CONSUMERS BANCORP, INC.
Date: September 1, 1999 By:/s/ Mark S. Kelly
-----------------------------
Mark S. Kelly
President
<PAGE>
Exhibit 99.1
NEWS RELEASE
FOR IMMEDIATE RELEASE September 2, 1999
CONTACT: Mark S. Kelly, President & CEO
Or Paula J. Meiler, Chief Financial Officer
Consumers National Bank, Minerva, Ohio 330-858-7701
CONSUMERS NATIONAL BANK MINERVA
TO ACQUIRE FIRSTAR'S LISBON OFFICE
MINERVA, OHIO (September 2, 1999) - - Minerva based Consumers
National Bank disclosed today definitive plans to acquire Firstar
Bank's Lisbon office at 32 North Park Avenue. The location is a
full-service office with an ATM and includes a nearby, off-premise
drive-in facility at 7801 State Route 45. The announcement was
made by Mark S. Kelly, president and chief executive officer of
Consumers National Bank and Consumers Bancorp, Inc.
The acquisition is subject to the approval of the Office of the
Comptroller of the Currency (OCC) and other regulatory approvals.
It is anticipated the acquisition will be finalized early in the
first quarter of 2000.
According to Kelly, this location will be the third new banking
office Consumers has announced in less than a year. In March, the
Bank opened an office in Alliance, Ohio; then in April, it
announced the construction of another full-service branch in
Louisville, Ohio. In addition, Consumers also operates Community
Finance, a wholly owned finance company subsidiary, in Salem,
Ohio; it was established in November 1998.
"We are looking forward to making a commitment to the community of
Lisbon and we welcome the customers and employees of Firstar to
Consumers National Bank." Kelly said. "As an independent
community bank, we are dedicated to providing customers with the
friendly, personal service they want and deserve. We like doing
business with customers in smaller communities because they
appreciate the full range of financial services and personal
attention we offer." Kelly concluded.
Consumers National Bank provides complete banking and investment
services to businesses and consumers through its core operations.
Consumers is a locally-owned, independent community bank with
offices in Minerva, Waynesburg, Carrollton, Hanoverton, Salem and
Alliance. Upon completion of the Firstar transaction, Consumers'
assets will exceed $150 million. Information about Consumers
National Bank is available on the Internet at
www.consumersbank.com
