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UNITED STATES
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 26, 1999
LOCAL FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
(State of Incorporation)
001-13949 65-0424192
(Commission File No.) (I.R.S. Employer Identification No.)
3601 N.W. 63rd Street, Oklahoma City, Oklahoma 73116
(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code: 405-841-2298
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ITEM 5. OTHER EVENTS.
On August 26, 1999, Local Financial Corporation issued a press release
announcing the filing of a registration statement with the Securities and
Exchange Commission for its Trust Preferred Securities offering of up to $30
million. The press release issued in connection with this announcement is filed
as an exhibit to this report and incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibit:
See Exhibit Index following the signature page of this report, which is
incorporated herein by reference.
SIGNATURE
Pursuant to the requirements of the Securities and Exchanges Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
LOCAL FINANCIAL CORPORATION
Date: August 27, 1999 By: /s/ Richard L. Park
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Richard L. Park, Chief Financial Officer
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EXHIBIT INDEX
TO
FORM 8-K CURRENT REPORT
DATE OF REPORT: AUGUST 26, 1999
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CONSECUTIVE
EXHIBIT NO. DESCRIPTION PAGE NO.
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Exhibit 99 Press Release dated August 26, 1999 4
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EXHIBIT 99
LOCAL FINANCIAL ANNOUNCES FILING OF REGISTRATION
STATEMENT FOR TRUST PREFERRED STOCK OFFERING
Oklahoma City, Oklahoma; August 26, 1999--Local Financial Corporation
(the "Company"), the bank holding company for Local Oklahoma Bank, National
Association (the "Bank"), announced the filing of a registration statement with
the Securities and Exchange Commission covering up to $30 million aggregate
principal amount of Cumulative Trust Preferred Securities, liquidation amount of
$25.00 per security, to be issued in an underwritten public offering to be
managed by A.G. Edwards & Sons, Inc.
The Trust Preferred Securities represent undivided beneficial interests
in Local Financial Capital Trust I, which was established by the Company for the
purpose of issuing the securities. Proceeds of the offering will be invested by
the Trust in junior subordinated debentures of the Company. The Company will use
the proceeds received by it for general corporate purposes, which may include
capital contributions to the Bank to support its growth strategy and for working
capital as well as acquisitions by the Company or the Bank, although we
presently have no understandings that have not been announced with respect to
any such acquisitions.
The common stock of Local Financial Corporation is listed on the Nasdaq
National Market under the symbol "LFIN".
A registration statement, including the prospectus relating to the
offering of the securities, has been filed with the Securities and Exchange
Commission but has not yet become effective. The securities may not be sold nor
may offers to buy be accepted prior to the time the registration statement
becomes effective. This press release shall not constitute an offer to sell or
the solicitation of an offer to buy, nor shall there be any sale of the
securities in any state in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of any
such state. The offer and sale of the securities may be made only by means of
the prospectus.
Contact: Richard L. Park, CFO
(405) 841-2298
Local Financial Corporation
3601 N.W. 63rd Street
Oklahoma City, Oklahoma 73116
