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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): September 13, 1999
Coddle Creek Financial Corp.
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(Exact name of registrant as specified in its charter)
North Carolina 000-23465 56-2045998
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
347 North Main Street
Post Office Box 1117 (28115-1117)
Mooresville, North Carolina 28115-2453
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(Address of principal executive offices)
Registrant's telephone number, including area code: (704) 664-4888
N/A
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(Former name or former address, if changed since last report)
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Item 5. Other Events
Effective September 13, 1999, Donald E. Mills is elected a director of
Coddle Creek Financial Corp. to fill a vacancy.
Item 7. Financial Statements and Exhibits
(99(i)) Press Release dated September 17, 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 hereunto duly authorized.
CODDLE CREEK FINANCIAL CORP.
Date: September 22, 1999 By: /s/ George W. Brawley
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George W. Brawley, President
and Chief Executive Officer
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EXHIBIT INDEX
Exhibit No. Description
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(99(i)) Press Release dated September 17, 1999.
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EXHIBIT 99(i)
News Release
For immediate release Contact: George W. Brawley, Jr.
President
(704)664-1383
Coddle Creek Financial Corp. Announces Election of Director
MOORESVILLE, N.C.--September 17, 1999--Coddle Creek Financial Corp. (NASDAQ:
"CDLC"), the parent company of Mooresville Savings Bank SSB, Mooresville, North
Carolina, announced today that Dr. Don Edward Mills, Jr. was elected to its
Board of Directors on September 13, 1999. He was also elected to the Board of
Directors of Mooresville Savings Bank. Dr. Mills will fill vacancies created by
the death of Willis L. Barnette.
Dr. Mills is a native of Iredell County. He has been a resident of
Mooresville since 1989. He is a Doctor of Optometry and the owner of Optometric
Eye Care Center.
Dr. Mills is a graduate of South Iredell High School, University of North
Carolina at Chapel Hill and The Pennsylvania College of Optometry. He is married
to the former Karen Childers of Mooresville. They have 2 children, Christopher
and Jason. The Mills are members of St. Marks Lutheran Church where Dr. Mills is
a former church council member.
Dr. Mills is a member of the Mooresville/South Iredell Chamber of Commerce,
a member of the executive council of the Piedmont Council, Boy Scouts of America
and a past member of the Mooresville Lions Club. From 1983 to 1989 Dr. Mills was
Clinical Chief of the Optometry Section of the 1/st/ Cavalry Division, Fort
Hood, Texas.
George W. Brawley, Jr., Chairman and CEO of Coddle Creek Financial Corp.,
said: "We are very fortunate that Dr. Ed Mills has agreed to serve as a director
of our Company. He is a leader in the Mooresville community and he has been a
long-time supporter of our Bank. He knows us and our community very well. He
will be a great help to Mooresville Savings Bank as we pursue our mission of
serving as the primary mortgage lender and provider of savings services in our
area. Dr. Mills is a worthy successor to Willis L. Barnette who served us so
well for so many years before his death earlier this year.
In accepting his new position, Dr. Mills stated, "I am most honored that I
have been elected to the boards of Coddle Creek Financial and Mooresville
Savings Bank. Mooresville Savings is a company that has served our area's
mortgage and savings needs over many years. It has a unique place in our
community as an independent, community-owned company and I believe that it has a
unique knowledge of our people and special needs. I hope to contribute to
continuing Mooresville Saving's traditions of service for many years into the
future.
Coddle Creek is the parent holding company of Mooresville Savings Bank, a
North Carolina state-chartered savings bank which operates three full service
offices in Iredell and Mecklenburg Counties, North Carolina. The holding company
board consists of six directors and the bank board consists of five directors.
At June 30, 1999, the Company had total assets of $138.2 million and
stockholders equity of $45.7 million or 33% of total assets. Mooresville Savings
Bank is a leading home mortgage lender in southern Iredell, northern Mecklenburg
and Lake Norman areas. In addition to residential mortgages, the bank offers
consumer loans, home equity loans, real estate based commercial loans and a
broad array of savings and checking products.
Coddle Creek's stock is publicly traded on the NASDAQ National Market
System under the symbol "CDLC". Price and volume information is contained in the
Wall Street Journal and most major daily newspapers.
