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 reported): August 18, 1998
GRAND PREMIER FINANCIAL, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-20987 36-4077455
(State or other jurisdiction (Commission File No.) (I.R.S. employer
of incorporation) identification no.)
486 West Liberty Street, Wauconda, IL 60084-2489
(Address of principal executive office) (Zip code)
Registrant's telephone numbers, including area code: (847) 487-1818
Not Applicable
(Former name or former address, if changed since last year)
ITEM 5. OTHER EVENTS
Grand Premier Financial, Inc., sold its portfolio of listed equity securities
during August 1998. The securities had a total market value of approximately
$27.8 million. The one-time gains realized from the sales of these equity
securities, with an original cost basis of $10.0 million, resulted in
approximately $10.7 million in net income or $.51 diluted earnings per share.
The previously unrealized gains of approximately $17.8 million were added to
earning assets.
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 thereunto duly authorized.
Grand Premier Financial, Inc.
(Registrant)
Date: September 8, 1998 By: /s/ David L. Murray
David L. Murray
Senior Executive Vice President
and Chief Financial Officer
