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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report March 11, 1998
THE COMMERCIAL BANCORP, INC.
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(Exact Name of Registrant as Specified in Charter)
Florida 59-3396236
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(State or other jurisdiction) (IRS Employer Identification No.)
333-19201
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(Commission File Number)
258 N. Nova Road, Ormond Beach, Florida 32174
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(Address of Principal Executive Offices) (Zip Code)
(904) 672-3003
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events
On March 11, 1998 the Company issued the following press release:
ORMOND BEACH, FLA -- The Commercial Bancorp, Inc. (TCB), parent company
of The Commercial Bank of Volusia County, Florida , announced today its
intentions to organize and open a new state-chartered commercial bank in
Sebring, Florida.
Gary G. Campbell, president and chief executive officer of TCB, and
Larry Kent, chairman of the board of TCB, jointly declared TCB's intention to
apply to the Florida Department of Banking and Finance for permission to open a
new bank in Sebring. The Sebring organizing group will join with TCB to raise
the necessary capital to organize the Sebring bank. It will operate as a wholly
owned subsidiary of TCB.
Directors of the proposed Sebring bank will be selected from the
organizing group. Three of the organizers will be nominated to serve as
directors of TCB's board, according to Kent.
"We are very excited about this new venture in Highlands County," said
Kent, former chairman of the board of First State Bank of Florida. SouthTrust
Bank purchased First State Bank of Florida in 1996.
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.
THE COMMERCIAL BANCORP, INC.
Date: March 11, 1998 /s/ Gary G. Campbell
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Gary G. Campbell
President and
Chief Executive Officer
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