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): October 20, 1999
IBL Bancorp,Inc.
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(Exact name of registrant as specified in its charter)
Louisiana 000-24907 72-1421499
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
23910 Railroad Avenue, Plaquemine, Louisiana 70764
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(Address of principal executive offices) (Zip Code)
(225)687-6337
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(Registrant's telephone number, including area code)
Not Applicable
___________________________________________________________________________
(Former name, former address and former fiscal year, if changed since last
report)
Item 5. Other Events
On October 20, 1999, the shareholders of IBL Bancorp, Inc. (the
"Company") approved the Company's 1999 Stock Option Plan and 1999 Recognition
and Retention Plan and Trust Agreement ("RRP"). The RRP intends to purchase
up to 4% of the Company's outstanding shares, representing 8,434 shares, to
the extent such shares are available. If sufficient shares cannot be
purchased, then the Company intends to issue to the RRP authorized but
previously unissued shares to the extent necessary. The issuance of new
shares would be dilutive to the Company's book value per share and to
shareholders' voting interests.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Not applicable.
(b) Not applicable.
(c) The following exhibit is included with this report:
Exhibit 20.1 Press release dated November 3, 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.
IBL BANCORP, INC.
By:/s/ G. Lloyd Bouchereau, Jr.
____________________________
Name: G. Lloyd Bouchereau, Jr.
Title: President and Chief Executive Officer
Date: November 3, 1999
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Exhibit 20.1
News Release
IBL Bancorp, Inc. CONTACT: G. Lloyd Bouchereau, Jr.
23910 Railroad Avenue President and CEO
Plaquemine, Louisiana 70764 (225)687-6337
IBL BANCORP, INC. ANNOUNCES
SHAREHOLDER APPROVAL OF STOCK BENEFIT PLANS, AND ANNOUNCES
INTENT TO REPURCHASE UP TO 4% OF ITS SHARES
November 3, 1999 - IBL Bancorp, Inc. announced today that its
shareholders had approved IBL's 1999 Stock Option Plan and 1999 Recognition
and Retention Plan and Trust Agreement. Over 57% of the total outstanding
shares were voted in favor of these two plans at the special meeting of
shareholders held on October 20, 1999.
IBL also announced that the Recognition and Retention Plan intends to
purchase up to 4% of the outstanding common stock, or 8,434 shares, to the
extent that such shares are available. If sufficient shares cannot be
repurchased to fund the Recognition and Retention Plan, then IBL will issue
authorized but previously unissued shares to the plan to the extent necessary.
IBL Bancorp, Inc. is a unitary thrift holding company headquartered in
Plaquemine, Louisiana.
