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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) March 19, 1999
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NORTHEAST PENNSYLVANIA FINANCIAL CORP.
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(Exact name of registrant as specified in its charter)
Delaware 1-13793 06-1504091
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(State or other Jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification No.)
12 E. Broad Street, Hazleton, Pennsylvania 18201
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(Address of principal executive offices)
(570) 459-3700
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS.
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On March 19, 1999, Northeast Pennsylvania Financial Corp. (the "Company")
issued a press release which announced that it had entered into an agreement to
purchase a new branch office located in Danville, Pennsylvania.
A press release announcing the branch purchase is attached as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS AND OTHER EXHIBITS.
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Exhibit 99.1 Press Release dated March 19, 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.
Dated: March 19, 1999 By: /s/ E. Lee Beard
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E. Lee Beard
President and Chief Executive Officer
Dated: March 19, 1999 By: /s/ Patrick J. Owens, Jr.
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Patrick J. Owens, Jr.
Senior Vice President and
Chief Financial Officer
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EXHIBIT 99.1 PRESS RELEASE
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FIRST FEDERAL BANK 12 E. Broad St., Hazleton, PA 18201 (570)459-3700
NEWS RELEASE
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FOR IMMEDIATE RELEASE
DATE: March 19, 1999
CONTACT: Gary Gatski, Senior Vice President
PHONE: (570)459-3742
FAX: (570)459-3734
FIRST FEDERAL BANK SIGNS AGREEMENT TO ACQUIRE DANVILLE BRANCH
Hazleton, PA-David B. Lee, President of Omega, headquartered in State
College, and E. Lee Beard, President/CEO of First Federal Bank, jointly
announced that an agreement has been signed for the purchase of the Danville
Branch of Omega Bank by First Federal Bank. The sale of the office is expected
to be completed sometime in the second quarter of Calendar 1999.
The sale, pending regulatory approvals, will make Danville the eleventh
office of First Federal and the first office of the bank in Montour County.
First Federal currently operates two offices in Columbia County. One is located
in downtown Bloomsburg and the second office is on Route 11 in Scott Township.
The Danville office will continue to operate as a branch of Omega Bank until the
plan is approved.
The banking office in Danville has served the community since 1989, when
it was chartered as the Montour Bank. The bank operated the one full-service
office until 1995 when it became part of Omega Financial, the parent company of
Omega Bank. The office was merged into Omega Bank in 1996.
Omega Financial, headquartered in State College, operates office in eight
Central Pennsylvania counties through its bank affiliates--Omega Bank, Penn
Central National Bank and Hollidaysburg Trust Company.
-Continued-
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FIRST FEDERAL BANK ACQUIRES DANVILLE BRANCH 3/19/99 PAGE 2
"Providing convenient services to our existing Danville area customers as
well as developing solid relationships with our new customers will be our first
objective," Beard said. "Our ability to deliver high levels of personal services
will allow us to provide for a smooth transition once the plan is approved.
Businesses as well as individuals in the Danville area will see a responsive,
efficient and progressive community bank, dedicated to satisfying customer
needs."
Northeast Pennsylvania Financial Corp. is the holding company of
Abstractors, Inc., a wholly-owned title insurance agency, and First Federal
Bank, which serves the Greater Hazleton area, Mountaintop, Bloomsburg, Lehighton
and all of Schuylkill County through ten office locations.
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