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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 25, 1998
FIRST LANCASTER BANCSHARES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-20899 61-1297318
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(State or other jurisdiction (Commission (I.R.S. employer
of incorporation) file number) identification no.)
208 Lexington Street, Lancaster, Kentucky 40444-1131
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code:
(606) 792-3368
Not Applicable
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On June 25, 1998, the Board of Directors of the Registrant
announced that it had increased the semi-annual dividend from
$.25 to $.30 per share, beginning with the semi-annual dividend
payable on July 31, 1998 to stockholders of record on July 17,
1998. Further information regarding the increase in the
semi-annual dividend are set forth in a press release dated June
25, 1998, attached as Exhibit 99.1 and incorporated herein by
reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS
Exhibit 99.1 Press Release date June 25, 1998
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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 hereto duly authorized.
FIRST LANCASTER BANCSHARES, INC.
Date: July 9, 1998 By: /s/ Virginia R.S. Stump
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Virginia R. S. Stump
President and Chief
Executive Officer
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FIRST LANCASTER BANCSHARES, INC.
(Holding Company for First Lancaster Federal Savings Bank)
Contact: Ms. Virginia R.S. Stump
President and Chief Executive Officer
(606) 792-3368
FOR IMMEDIATE RELEASE
Date: June 25, 1998
FIRST LANCASTER BANCSHARES, INC.
INCREASES SEMI-ANNUAL CASH DIVIDEND
First Lancaster Bancshares, Inc., headquartered in
Lancaster, Kentucky, announced today that its Board of Directors
increased the semi-annual cash dividend from $.25 to $.30 per
share, beginning with the semi-annual dividend payable on July
31, 1998 to stockholders of record at the close of business on
July 17, 1998.
Virginia R.S. Stump, President of the Company, stated that
the Board of Directors determined that the increase in the
dividend was appropriate in light of the Company's financial
condition and results of operations. She noted that the future
payment of dividends is dependent upon the Company's financial
condition, earnings, equity structure, capital needs, regulatory
requirements and economic conditions.
First Lancaster Bancshares, Inc. is the holding company for
First Lancaster Federal Savings Bank, which conducts business
through its banking office in Lancaster, Kentucky. At March 31,
1998, the Company had consolidated total assets of $53 million.
208 LEXINGTON STREET, LANCASTER, KENTUCKY 40444-1131
606-792-3368
