SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20552
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)
April 18, 2000
SKIBO FINANCIAL CORP.
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(Exact name of Registrant as specified in its Charter)
United States 0-25009 25-1820465
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(State or other jurisdiction (File No.) (IRS Employer
of incorporation) Identification
Number)
242 East Main Street, Carnegie, Pennsylvania 15106
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (412) 276-2424
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Not Applicable
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(Former name or former address, if changed since last Report)
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SKIBO FINANCIAL CORP.
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.
99 Press Release dated April 18, 2000.
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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.
SKIBO FINANCIAL CORP.
Date: April 18, 2000 By: /s/ Walter G. Kelly
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Walter G. Kelly
President
EXHIBIT 99
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Skibo Financial Corp. Contact: Walter G. Kelly
First Carnegie Deposit President
Carnegie, Pennsylvania (412) 276-2424
For Immediate Release
April 18, 2000
SKIBO FINANCIAL CORP. ANNOUNCES
STOCK REPURCHASE PROGRAM
Carnegie, Pennsylvania -- April 18, 2000 -- Walter G. Kelly, President
of Skibo Financial Corp., Carnegie, Pennsylvania (Nasdaq "SKBO"), the holding
company of First Carnegie Deposit, announced today that its Board of Directors
has adopted a stock repurchase plan covering up to 10% of its 1,389,363
outstanding shares of common stock held by persons other than Skibo Bancshares,
M.H.C., its mutual holding company. The authorization of this plan was
previously announced. This press release announces the implementation of the
plan.
The repurchases will be made from time to time, subject to the
availability and price of stock. Repurchased shares will become authorized but
unissued shares and will be utilized for general corporate and other purposes,
including the issuances of shares in connection with the exercise of stock
options.
