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): December 3, 1997
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FIRSTSPARTAN FINANCIAL CORP.
(Exact name of registrant as specified in its charter)
Delaware 0-22445 56-2015272
(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
380 E. Main Street, Spartanburg, South Carolina 29302
Address of principal executive offices Zip Code
Registrant's telephone number, including area code: (864) 582-2391
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Not Applicable
(Former name or former address, if changed since last report)
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Item 5. Other Events
FirstSpartan Financial Corp. (the "Company") announced on December 3, 1997 that
its principal subsidiary, First Federal Savings and Loan Association of
Spartanburg (the "Association"), intends to open two new branch offices in
Greenville County, South Carolina, subject to regulatory approval. First
Federal currently operates 7 offices in Spartanburg County, South Carolina.
The press release concerning the announcement of this event is incorporated
herein by reference and is included as Exhibit 99(a) to this Form 8-K.
Item 7. Exhibits
99.Exhibits
(a)Press Release of the Company Dated December 3, 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.
FirstSpartan Financial Corp.
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(Registrant)
December 15, 1997 /S/ Billy L. Painter
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Date President and Chief Executive Officer
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Exhibit 99(a)
*FOR IMMEDIATE RELEASE*
Contact: Billy L. Painter
President
(864)596-8313
FIRSTSPARTAN FINANCIAL CORP. PLANS FIRST BRANCH
OFFICES IN GREENVILLE COUNTY
Spartanburg, South Carolina (December 3, 1997) FirstSpartan Financial
Corp. ("FirstSpartan")(Nasdaq National Market "FSPT") announced today that its
wholly owned subsidiary, First Federal Savings and Loan Association of
Spartanburg ("First Federal"), plans to establish two new branch offices in
Greenville County. These will be First Federal's first branch offices to be
located in Greenville County.
First Federal intends to construct a new branch in Greer, South
Carolina at 1319 W. Poinsett Street. The new branch will be located at the
intersection of W. Poinsett Street and Wade Hampton Boulevard where the city of
Greer has previously announced major road improvements.
First Federal's President Billy L. Painter, said "We have been looking
to expand our franchise to Greenville County and Greer's tremendous growth and
proximity to other First Federal offices located in Inman and Duncan made it a
natural location to begin our expansion. First Federal looks forward to
becoming a member of the Greer community and serving new and existing customers
in the area."
Construction of the Greer office is expected to commence within the
next 60 days, subject to receipt of regulatory approval. Terry Hoppes, a Greer
resident, has been named Greer City Executive.
First Federal also announced that it intends to establish a branch
office in the new Wal-Mart Supercenter at 1451 Woodruff Road, Greenville, South
Carolina, its first branch to be located in a retail store. "Today's customer
expects convenience as well as value-added products," Painter said. "By
operating in the supercenter environment, a customer can have access to our
complete array of products at a place and time that is truly convenient to
them." First Federal intends to begin operations at the branch on February 4,
1998, subject to receipt of regulatory approval.
FirstSpartan has consolidated assets of approximately $495 million.
Currently First Federal operates 7 offices in Spartanburg County.
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