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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) July 12, 2000
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Smith River Bankshares, Inc.
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(Exact name of registrant as specified in its charter)
Virginia 333-86993 54-1956616
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(State or other (Commission (I.R.S. Employer
Jurisdiction File Number) Identification No.)
of incorporation)
Suite 12, Patrick Henry Mall, 730 East Church Street, Martinsville, Virginia
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(Address of principal executive offices)
24112
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(Zip Code)
Registrant's telephone number, including area code (540) 632-8092
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(Former name or former address, if changed since last report.)
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Item 5. Other Events.
Smith River Bankshares, Inc., (the "Corporation"), announced on July 12, 2000
that the Corporation would extend its public offering of its shares of common
stock until the close of business on July 31, 2000. The Corporation is offering
to the public a minimum of 537,500 and a maximum of 912,500 shares of common
stock at $10.00 per share. The Corporation is offering to its
organizers/directors 87,500 units at $10.00 per unit. Each unit consists of one
share of common stock and one warrant to purchase a share of common stock in the
future at $10.00 per share.
Smith River Bankshares, Inc. is a development stage enterprise, incorporated as
a Virginia corporation effective January 14, 1999. The Corporation was
primarily organized to serve as a bank holding company for the proposed Smith
River Community Bank, N. A. (the "Bank"). Prior to the organization of the
Corporation, the Corporation's shareholders, who are also the Organizers, formed
FCNB LLC, a limited liability company, to organize the Corporation and the Bank
and provide for financing of organization, offering, and other pre-opening
costs. The Corporation has received preliminary approvals from the FDIC and the
OCC. It has also received approval from the State Corporation Commission and
the Federal Reserve Bank of Richmond to acquire the proposed Smith River
Community Bank, N. A., upon capitalization.
Smith River Community Bank, N.A. intends to operate as a full service bank
serving the areas of Martinsville and Henry County and surrounding areas.
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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.
SMITH RIVER BANKSHARES, INC.
Date July 14, 2000 By /s/ Cecil R. McCullar
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Cecil R. McCullar
President and Chief Executive Officer
Date July 14, 2000 By /s/ Brenda H. Smith
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Brenda H. Smith
Senior Vice President and
Chief Financial Officer
