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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 report)
January 16, 2001 (January 12, 2001)
CGB&L Financial Group, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-24793 37-1374123
(State or other jurisdiction of (Commission IRS Employer
incorporation or organization) File Number) Identification No.)
229 East South Street, Cerro Gordo, Illinois 61818
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(Address of principal executive offices)
(217) 763-2911
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(Issuer's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report.)
Total Pages: 6
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Item 5. Other Events
On January 12, 2001, the registrant announced that CGB&L has entered
into a non-binding letter of intent to be acquired for $23.00 per share by a
company controlled by David Movtady. The transaction is subject to satisfactory
completion of due diligence, the execution of a mutually satisfactory definitive
agreement within 30 days, regulatory and CGB&L stockholder approvals, and other
conditions.
The letter of intent and the press release are attached as Exhibits
99.1 and 99.2, respectively, to this report and incorporated herein by
reference.
Item 7. Financial Statements and Exhibits
Exhibit Index
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Exhibit No. Exhibit Page No.
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99.1 Letter of Intent by and between David Bijan Movtady 3
and CGB&L Financial Group, Inc. dated January 11,
2001
99.2 Press Release dated January 12, 2001 6
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.
CGB&L Financial Group, Inc.
Dated: January 16, 2001 By: /s/ Maralyn F. Heckman
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Maralyn F. Heckman, President
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