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)
May 25, 1999
Quitman Bancorp, Inc.
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(Exact name of Registrant as specified in its Charter)
Georgia 0-23763 58-2365866
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(State or other jurisdiction (SEC File No.) (IRS Employer
of incorporation) Identification
Number)
602 East Screven Street, Quitman, Georgia 31643
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (912) 263-7538
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Not Applicable
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(Former name or former address, if changed since last Report)
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QUITMAN BANCORP, INC.
INFORMATION TO BE INCLUDED IN REPORT
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Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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(c) Exhibits:
Exhibit No. 99 - Press release announcing stock repurchase program.
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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.
QUITMAN BANCORP, INC.
Date: May 28, 1999 By: /s/ Melvin E. Plair
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Melvin E. Plair
President
QUITMAN BANCORP, INC. ANNOUNCES STOCK REPURCHASE
Quitman, Georgia-Quitman Bancorp, Inc. (OTC Bulletin Board - QTMB) the
parent holding company of Quitman Federal Savings Bank, announced that it has
completed the 15% repurchase (99,000 shares) of its common stock that it had
previously announced. In addition, the Company has obtain regulatory approval to
initiate a new repurchase program of up to 5% or approximately 28,000 shares of
the Company's common stock to be purchased in the open market. The repurchases
will be made from time to time in open-market transactions, subject to the
availability of stock.
The Company intends to hold the shares repurchased as treasury shares.
The Company may utilize such shares to fund any stock benefit or compensation
plan or for any other purpose that the Board of Directors of the Company deems
advisable in compliance with applicable law.
The Company became the holding company for the Bank in April 1998,
following its initial public offering at the time of the conversion of Quitman
Federal Savings Bank from the mutual to stock form.
Quitman Federal Savings Bank is a federally chartered savings bank that
conducts its business in Brooks County, Georgia from our location in Quitman.
The Bank's deposits are insured up to the maximum legal amount by the Federal
Deposit Insurance Corporation ("FDIC").
