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
June 20, 2000
------------------------------------------------------------------------------
(Date of earliest event reported)
PBOC Holdings, Inc.
------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 0-24215 33-0220233
------------------------------------------------------------------------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
5900 Wilshire Boulevard, Los Angeles, California 90036
------------------------------------------------------------------------------
(Addressof principal executive offices) (Zip Code)
(323) 954-6653
------------------------------------------------------------------------------
(Registrant's telephone number, including area code)
Not Applicable
------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS
On June 20, 2000, PBOC Holdings, Inc. ("PBOC") announced that it
formalized on-going plans to reduce interest rate risk, strengthen its lending
infrastructure, and fill open positions on the Board of Directors at the
request of the Office of Thrift Supervision ("OTS") through a voluntary
supervisory agreement between the OTS and People's Bank of California (the
"Bank"), a wholly-owned subsidiary of PBOC. PBOC reported that the Bank
remains well capitalized and profitable. PBOC stated that the adoption of the
supervisory agreement formalizes many of the steps PBOC has already taken to
expand and strengthen its lending programs, particularly in the consumer and
commercial areas. PBOC believes that the Bank is in substantial compliance
with the terms of the supervisory agreement, and that the agreement will not
adversely affect its pending applications to convert from a federally
chartered savings bank to a state chartered commercial bank. For additional
information, reference is made to the press release dated June 20, 2000 filed
as Exhibit 99.1 hereto and is incorporated by reference herein in its
entirety.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Not applicable.
(b) Not applicable.
(c) The following exhibit is filed with this report:
Exhibit Number Description
-------------- -----------
99.1 Press Release, dated June 20, 2000
2
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.
PBOC HOLDINGS, INC.
Date: July 6, 2000 By: /s/ J. Michael Holmes
-------------------------
J. Michael Holmes
Senior Executive Vice President
and Chief Financial Officer
3
