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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) August 11, 1997
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DELPHOS CITIZENS BANCORP, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-12141 34-1840187
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) ID Number)
114 East Third Street, Delphos, OH 45833
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (419) 692-2010
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N/A
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(Former name of former address, if changed since last report.)
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INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events
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On August 11, 1997, Delphos Citizens Bancorp, Inc. (the "Company"), the
holding company for Citizens Bank of Delphos, issued the press release attached
hereto as Exhibit 99 and incorporated herein by reference. The press release
announced that the Company has received regulatory clearance from the Office of
Thrift Supervision to purchase up to 5 percent, or 101,935 shares, of the
Company's 2,038,719 shares of common stock outstanding. The Board of Directors
of the Company authorized the Company to repurchase up to 5 percent of its
common stock during the next six months in open-market transactions, subject
to the availability of stock.
Item 7. Financial Statements and Exhibits
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Exhibit 99 - Press Release dated August 11, 1997.
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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 hereunto duly authorized.
DELPHOS CITIZENS BANCORP, INC.
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(Registrant)
By: /s/ Joseph R. Reinemeyer
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Joseph R. Reinemeyer
Chairman, President and Chief
Executive Officer
Dated: August 19, 1997
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EXHIBIT 99
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FOR IMMEDIATE RELEASE
CONTACT: Joseph R. Reinemeyer
Chairman, President and CEO
Delphos Citizens Bancorp, Inc.
114 E. Third St.
Delphos, OH, 45833
Ph. (419) 692-2010
DELPHOS CITIZENS BANCORP, INC. TO REPURCHASE COMMON STOCK
Delphos, Ohio, August 11, 1997, Delphos Citizens Bancorp, Inc. (DCBI), the
holding company for Citizens Bank of Delphos, has announced that it has
received regulatory clearance to purchase up to 101,935 shares of its common
stock.
Joseph R. Reinemeyer, Chairman, President and Chief Executive Officer of Delphos
Citizens Bancorp, Inc. said that the Company has been authorized by its Board of
Directors to repurchase up to 5 percent of the Company's 2,038,719 outstanding
shares during the next six months.
The repurchase will be made in open-market transactions, subject to the
availability of stock.
Delphos Citizens Bancorp, Inc. completed its initial public offering of common
stock in connection with the conversion of Citizens Bank of Delphos from a
federally chartered mutual savings institution to a federally chartered stock
savings bank on November 20, 1996. In the conversion, Delphos Citizens Bancorp,
Inc. sold 2,038,719 shares at $10.00 per share.
Citizens Bank of Delphos is headquartered in Delphos, Ohio. The Bank's deposits
are insured by the Federal Deposit Insurance Corporation.
