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)
October 15, 1999
FLORIDAFIRST BANCORP
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(Exact name of Registrant as specified in its Charter)
United States 000-25693 59-3545582
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(State or other jurisdiction (File No.) (IRS Employer
of incorporation) Identification
Number)
205 East Orange Street, Lakeland, Florida 33801-4611
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (863) 688-6811
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Not Applicable
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(Former name or former address, if changed since last Report)
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FLORIDAFIRST BANCORP
INFORMATION TO BE INCLUDED IN REPORT
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Item 5. Other Events
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The Registrant announced that it had received the required approvals
necessary to implement a stock repurchase plan to purchase up to 15% of its
outstanding Common Stock held by persons other than FloridaFirst Bancorp MHC.
The Registrant will purchase up to 405,578 shares of its Common Stock. For
further details, reference is made to the Press Release dated October 19, 1999,
which is attached hereto as Exhibit 99 and incorporated herein by this
reference.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits
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(c) Exhibits.
99 Press Release dated October 19, 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, thereunto duly authorized.
FLORIDAFIRST BANCORP
Date: October 26, 1999 By: /s/ Kerry P. Charlet
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Kerry P. Charlet
Chief Financial Officer
EXHIBIT 99
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FloridaFirst Bancorp Contact: Kerry P. Charlet
Senior Vice President
Lakeland, Florida (941) 688-6811
Ext. 1004
For Immediate Release
October 19, 1999
FLORIDAFIRST BANCORP ANNOUNCES
OTS APPROVAL OF STOCK REPURCHASE PROGRAM
Lakeland, Florida -- October 19, 1999 -- Gregory C. Wilkes, President
of FloridaFirst Bancorp, Lakeland, Florida (Nasdaq "FFBK"), the holding company
of FloridaFirst Bank, announced today that the Office of Thrift Supervision has
approved its application to repurchase up to 405,578 shares of its common stock
pursuant to the Company's stock repurchase plan. Pursuant to the plan, the
Company will repurchase up to 15% of its outstanding shares of common stock held
by persons other than FloridaFirst Bancorp, MHC, its mutual holding company.
The repurchases will be made in open-market transactions subject to the
availability of stock and the terms of the repurchase plan. 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 company and bank stock benefit plans.
