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): June 1, 1999
First Bancorp, Inc.
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(Exact Name of Registrant as specified in its charter)
Delaware 333-72049 93-0166346
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(State or other (Commission (IRS Employer
jurisdiction File Number) Identification No.
of incorporation)
331 Dock St., Ketchikan, Alaska 99901
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Address of Principal Executive Office Zip Code
Registrant's telephone number including area code (907) 228-4219
(Former name or former address, if changed since last report)
Newco Alaska, Inc. (see Item 5)
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Item 5. Other Events
As of the close of business on June 1, 1999, First Bancorp, Inc., a
registered bank holding company of First Bank, Ketchikan, Alaska, completed a
reorganization to become an S corporation for income tax purposes. The
reorganization was effected by means of a merger pursuant to an Agreement
and Plan of Reorganization, dated March 15, 1999, of First Bancorp with and
into Newco Alaska, Inc. (the registrant), with Newco Alaska being the
surviving corporation under the name "First Bancorp, Inc." The registrant
was organized in January, 1999 solely for the purpose of completing the
reorganization, and prior to consummation had no material assets or
operations.
The Agreement and Plan of Reorganization provided that eligible
shareholders would receive one share of the registrant's common stock for
each share of First Bancorp common stock held as of the effective date of the
reorganization. All other shareholders received cash in the amount of
$175.00 per share. Newco Alaska filed a registration statement on Form S-4
covering the shares issued in the reorganization. The registration statement
was declared effective on March 26, 1999.
Item 7. Financial Statements and Exhibits
(a) Financial statements of business acquired.
Not applicable.
(b) Exhibits.
The following exhibits are being filed herewith and this list
shall constitute the exhibit index:
Exhibit
2 Agreement and Plan of Reorganization, dated March 15, 1999, by
and between First Bancorp, Inc. and Newco Alaska, Inc.,
incorporated by reference to the registration statement on Form
S-4 (Commission File No. 333-72049) as declared effective March
26, 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.
FIRST BANCORP, INC.
(Registrant)
Date: July 20, 1999 By: /s/ William G. Moran, Jr.
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William G. Moran, Jr.
President and Chief Executive Officer
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