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 3, 1999
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 August 3, 1999, the Registrant announced that it had completed the
repurchase of 28,354 shares or 5% of its outstanding common stock in the open
market pursuant to the stock repurchase program originally announced by the
Registrant on July 30, 1999.
The Registrant currently has 538,739 shares of common stock outstanding.
For further details, reference is made to the Press Releases dated July
30, 1999 and August 3, 1999, which are attached hereto as Exhibits 99.1 and
99.2, respectively, 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 July 30, 1999.
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Exhibit 99.2 -- Press Release dated August 3, 1999.
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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:August 3, 1999 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:
July 30, 1999 Stanley M. Kiser
President and CEO
(304) 652-3671
SISTERSVILLE BANCORP, INC. ANNOUNCES STOCK REPURCHASE
Sistersville, WV - Sistersville Bancorp, Inc. (the "Company"), the
parent holding company of First Federal Savings Bank (the "Bank"), today
announced that it has received the necessary regulatory and Board approval to
initiate a repurchase plan covering up to 5% or 28,354 shares of the Company's
common stock to be purchased in the open market. The Company currently has
567,093 shares of common stock outstanding. Mr. Stanley M. Kiser, President and
Chief Executive Officer of the Company, indicated that the repurchases would be
made from time to time in open-market transactions, subject to the availability
of stock. Mr. Kiser noted this is the fifth stock repurchase undertaken by the
Company since going public in June, 1997, and that the repurchased shares would
be available for general corporate purposes.
First Federal Savings Bank is a federally chartered savings bank. 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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[SISTERSVILLE BANCORP, INC. LETTERHEAD]
FOR IMMEDIATE RELEASE FOR FURTHER INFORMATION CONTACT:
August 3, 1999 Stanley M. Kiser
President and CEO
(304) 652-3671
SISTERSVILLE BANCORP, INC. ANNOUNCES COMPLETION
OF STOCK REPURCHASE
Sistersville, West Virginia - Sistersville Bancorp, Inc. (the
"Company"), the parent holding company of First Federal Savings Bank, today
announced it has completed the repurchase of 28,354 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 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."
