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):
October 21, 1998
LAFAYETTE BANCORPORATION
(Exact Name of Registrant as Specified in its Charter)
INDIANA
(State or Other Jurisdiction of Incorporation)
000-22469 35-1605492
(Commission File No.) (I.R.S. Employer
Identification No.)
133 North 4th Street, Lafayette, Indiana
(Address of Principal Executive Officer)
47902
(Zip Code)
(765) 423-7100
(Registrant's Telephone Number, Including Area Code)
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ITEM 5. OTHER EVENTS.
On October 21, 1998, Lafayette Bancorporation (the "Registrant") announced
that it had entered into an agreement to purchase certain assets and assume
certain liabilities of three branches of Bank One Indiana, N.A., with
approximately $118 million in aggregate deposits (the "Purchase and
Assumption"). Consummation of the Purchase and Assumption is subject to
regulatory approval. Additional details of the Purchase and Assumption are
included in the joint press release attached as Exhibit 99.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
Exhibit No. Description
99 Press release issued October 21, 1998.
<PAGE>3
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.
Date: October 21, 1998
LAFAYETTE BANCORPORATION
By /s/ Robert J. Weeder
Robert J. Weeder,
President and CEO
EXHIBIT 99
LAFAYETTE BANCORPORATION
133 North Fourth Street
Lafayette, Indiana 47902
CONTACT: Robert J. Weeder
President and CEO
Telephone: (765) 423-7289
FOR IMMEDIATE RELEASE: October 21, 1998
SUBJECT: Lafayette Bancorporation of Lafayette, Indiana to Acquire Three Bank
One Branches in DeMotte, Remington and Rensselaer in Jasper County, Indiana
LAFAYETTE, INDIANA - Lafayette Bancorporation headquartered in Lafayette,
Indiana announced today that Lafayette Bank and Trust Company (LB&T), a
wholly-owned subsidiary of Lafayette Bancorporation, entered into an agreement
with Bank One to acquire three branches of Bank One located in DeMotte,
Remington and Rensselaer, Jasper County, Indiana.
As a part of the agreement, LB&T will acquire all of the deposits of the
branches, which total approximately $118 million, selected loan accounts, the
physical facilities and certain other fixed assets. The branches hold
approximately 30% of the county's deposits. The transaction is subject to
approval by the Department of Financial Institutions and the Federal Deposit
Insurance Corporation and is expected to close in February, 1999.
Robert J. Weeder, President and Chief Executive Officer, stated "We are
extremely pleased to be expanding into Jasper County, an economic area in which
we are very familiar. This transaction provides us with the opportunity to
expand outside our current marketing areas and will give us a major presence in
Tippecanoe, White and Jasper Counties, all located in the northwestern part of
the state. We welcome the Bank One customers and employees and will work
diligently to serve them in the years ahead."
President Weeder further stated that "It is our goal to have the same local
branch personnel serving the customers in a manner that will continue the
respect and trust of the Demotte, Remington and Rensselaer communities and
customers alike."
Lafayette Bancorporation is a $469 million bank holding company and is the
parent of LB&T. LB&T currently operates fourteen full service banking offices in
Tippecanoe and White counties.
