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) January 3, 2001
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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)
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Suite 12, Patrick Henry Mall, 730 East Church Street, Martinsville, Virginia 24112
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(Address of principal executive offices) (Zip Code)
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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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Smith River Bankshares, Inc. announced on Thursday, December 21, 2000
that the Corporation has received all regulatory approvals to locate a branch in
Stuart, VA. The current plans are for the branch to open in either a modular or
prefabricated facility at 105 Dobyns Road at the intersection with Main Street
in Stuart, VA. The branch will be part of Smith River Community Bank, N.A.
headquartered in Martinsville, VA. It is anticipated that the branch will open
in late Spring of 2001.
Smith River Bankshares, Inc. was incorporated on January 14, 1999 in
the Commonwealth of Virginia as First Communtiy National BanCorp, Inc. On July
8, 1999, Restated Articles of Incorporation became effective changing the name
to Smith River Bankshares, Inc. The Corporation was primarily formed to become a
bank holding company for the proposed Smith River Community Bank, N.A. The Bank
opened for business on July 24, 2000 with one branch in Martinsville, VA. A
second branch opened December 4, 2000 in Bassett, VA. The branch in Stuart, VA
will be the third branch of Smith River Community Bank, N.A.
Smith River Bankshares, Inc. has approximately $13.9 million in
consolidated assets.
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Exhibits
4.1 Amendment to Warrant Plan and Certificate filed with Registration
Statement #333-86993 on Form SB-2.
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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 January 3, 2001 By /s/ Cecil R. McCullar
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Cecil R. McCullar
President and Chief Executive Officer
Date January 3, 2001 By /s/ Brenda H. Smith
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Brenda H. Smith
Senior Vice President and
Chief Financial Officer