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 4, 1997
SISTERSVILLE BANCORP, INC.
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(Exact name of Registrant as specified in its Charter)
Delaware 0-22535 31-1515424
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(State or other jurisdiction (SEC File No.) (IRS Employer
of incorporation) Identification
Number)
726 Wells Street, Sistersville, West Virginia 26175
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:(304) 652-3671
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Not Applicable
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(Former name or former address, if changed since last Report)
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SISTERSVILLE BANCORP, INC.
INFORMATION TO BE INCLUDED IN REPORT
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Item 5. Other Events
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On December 4, 1997, the Registrant announced that it had declared a
$0.16 per share cash dividend payable on January 2, 1998, to stockholders of
record on December 18, 1997.
For further details, reference is made to the Press Release dated
December 4, 1997, which is attached hereto as Exhibit 99.1 and incorporated
herein by this reference.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits
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Exhibit 99.1 -- Press Release dated December 4, 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, thereunto duly authorized.
SISTERSVILLE BANCORP, INC.
Date: December 4, 1997 By: /s/Stanley M. Kiser
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Stanley M. Kiser
President and Chief
Executive Officer
EXHIBIT 99.1
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[SISTERSVILLE BANCORP, INC. LETTERHEAD]
FOR IMMEDIATE RELEASE FOR FURTHER INFORMATION CONTACT:
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December 4, 1997 Stanley M. Kiser
President
(304) 652-3671
SISTERSVILLE BANCORP, INC. ANNOUNCES CASH DIVIDEND
Sistersville, West Virginia -- Sistersville Bancorp, Inc. the parent
holding company of First Federal Savings Bank, Sistersville, West Virginia,
today announced that the Board of Directors had declared a $0.16 per share cash
dividend payable on January 2, 1998, to stockholders of record as of the close
of business on December 18, 1997. This is the first dividend paid by the Company
since it became a public company on June 25, 1997.
Stanley M. Kiser, President of the Company, stated that "at the time we
went public we told our potential investors that we expect to pay semi-annual
cash dividends on the common stock at a rate of $0.24 per share per annum to
commence the second full calendar quarter after our stock Conversion. Because we
anticipate declaring dividends semi-annually, the annualized dividend rate would
be $.32 per share. We are proud to announce that the dividend declared today
more than fulfills this expectation and should immediately enhance shareholder
value in the Company." Mr. Kiser also added that there can be no assurances as
to the payment or amount of any future dividends declared by the Company.
The Bank is a federally chartered savings bank that conducts its
business from its office located in Sistersville, West Virginia. The Bank's
deposits are insured up to the maximum legal amount by the Federal Deposit
Insurance Corporation (FDIC). The Company's common stock is traded in the
over-the-counter market with quotations available through the OTC "Electronic
Bulletin Board" under the symbol "SVBC."
