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)
March 1, 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 March 1, 1999, the Registrant announced that it had completed the
repurchase of 29,847 shares or 5% of its outstanding common stock in the open
market pursuant to the stock repurchase program originally announced by the
Registrant on February 25, 1999. The Registrant currently has 567,093 shares of
common stock outstanding.
For further details, reference is made to the Press Releases dated
February 25, 1999 and March 1, 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 February 25, 1999.
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Exhibit 99.2 -- Press Release dated March 1, 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: March 1, 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:
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February 25, 1999 Stanley M. Kiser
President and Chief Executive Officer
(304) 652-3671
SISTERSVILLE BANCORP, INC. ANNOUNCES STOCK REPURCHASE
Sistersville, West Virginia -- 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 29,847 shares of the
Company's common stock to be purchased in the open market. The Company currently
has 596,940 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 fourth 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 which
conducts its 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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[SISTERSVILLE BANCORP, INC. LETTERHEAD]
FOR IMMEDIATE RELEASE FOR FURTHER INFORMATION CONTACT:
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March 1, 1999 Stanley M. Kiser
President and Chief Executive Officer
(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 that it completed the repurchase of 29,847 shares, or 5% of the
Company's outstanding common stock, through open market purchases. This is the
fourth repurchase completed by the Company since going public on June 25, 1997.
First Federal Savings Bank is a federally-chartered savings bank which
conducts its 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."
