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, 1998
SISTERSVILLE BANCORP, INC.
(Exact name of Registrant as specified in its Chapter)
Delaware 0-22535 31-1516424
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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, with 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
On December 3, 1998 the Registrant announced that it had completed the
repurchase of 31,417 shares or 5% of its outstanding common stock in the open
market pursuant to a stock repurchase program originally announced by the
Registrant on October 15, 1998. The Registrant currently has 596,940 shares
outstanding.
For further details, reference is made to the Press Releases dated October
15, 1998 and December 3, 1998, which are attached hereto as Exhibits 99.1 and
99.2 and incorporated herein by this reference.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits
Exhibit 99.1 -- Press Release dated October 15, 1998.
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Exhibit 99.2 -- Press Release dated December 3, 1998.
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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 3, 1998 By: /s/Stanley M. Kiser
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Stanley M. Kiser
President and Chief
Executive Officer
EXHIBIT 99.1
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[LOGO] Sistersville [Letterhead]
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Bancorp, Inc.
726 Wells Street, P.O. Box 187
Sistersville, WV 26175
304-652-3671
FOR IMMEDIATE RELEASE FOR FURTHER INFORMATION CONTACT:
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October 15, 1998 Stanley M. Kiser
President & CEO
(304) 652-3671
Sistersville Bancorp, Inc. Announces Stock Repurchase
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Sistersville, WV - Sistersville Bancorp, Inc., the parent holding company
of First Federal Savings Bank, today announced that it has received the
necessary regulatory and Board approval to initiate a repurchase plan covering
up to 5% or 31,417 shares of the Company's common stock to be purchased in the
open market. The company currently has 628,357 shares of common stock
outstanding. Mr. Stanley M. Kiser, President and Chief Executive Officer of the
Company, indicated that the repurchase would be made from time to time in
open-market transactions, subject to the availability of stock, and the
repurchased shares would be available for general corporate use.
First Federal Savings Bank is a federally chartered savings bank which
conducts business 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".
EXHIBIT 99.2
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[LOGO] Sistersville [Letterhead]
================================
Bancorp, Inc.
726 Wells Street, P.O. Box 187
Sistersville, WV 26175
304-652-3671
FOR IMMEDIATE RELEASE FOR FURTHER INFORMATION CONTACT:
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December 3, 1998 Stanley M. Kiser
President & CEO
(304) 652-3671
SISTERSVILLE BANCORP, INC. ANNOUNCES
COMPLETION OF STOCK REPURCHASE
Sistersville, West Virginia - Sistersville Bancorp, Inc., the parent
holding company of First Federal Savings Bank, today announced it has completed
the repurchase of 31,417 shares, or 5% of the Company's outstanding common
stock, through open market purchases.
First Federal Savings Bank is a federally-chartered savings bank which
conducts business in Sistersville, West Virginia. The Bank's deposits are
insured 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".
