UNITED STATES
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) November 19, 1996
AREA BANCSHARES CORPORATION
- --------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Kentucky 0-26032 61-0902343
- --------------------------------------------------------------------
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
230 Frederica Street, Owensboro, KY 42301
- --------------------------------------------------------------------
(Address of principal executive office) (Zip code)
Registrant's telephone number, including area code: (502) 926-3232
Not Applicable
- --------------------------------------------------------------------
(Former name or former address, if changed since last report)
The Current Report consists of 6
pages. The exhibit index is located
on page 4.
<PAGE>
Item 5. Other Events
On November 19, 1996, Area Bancshares
Corporation announced that the Board declared a 3-for-
2 stock split effected in the form of a stock
dividend to shareholders of record as of December
4,1996, payable December 16, 1996.
As of November 18, 1996, Area Bancshares had
7,575,338 shares outstanding. The stock dividend
will increase the number of shares outstanding to
11,363,007 based on the shares outstanding on
November 18, 1996. A copy of the press release is
attached hereto as Exhibit 24.2, and is incorporated
herein by reference.
On November 19, 1996, Area Bancshares
Corporation announced that the board had declared a
$.03 dividend per share for shareholders of record
as of December 18, 1996, payable January 2, 1997. A
copy of the press release is attached here to as
Exhibit 24.2, and is incorporated herein by
reference.
Item 7. Financial Statements and Exhibits
C. Exhibits
Exhibit No. Description
24-2 Press release dated November 19, 1996
<PAGE>
SIGNATURE
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.
DATE: November 19, 1996 By: John A. Ray
------------------
John A. Ray
Senior Vice President &
Chief Financial Officer
<PAGE>
INDEX TO EXHIBITS
Exhibit Number Exhibit Description Page
24-2 Press release dated November 19, 1996 5
Exhibit 24.2
Area
Bancshares
Corporation
Media Release
FOR IMMEDIATE RELEASE
November 19, 1996
Contact: Mr. John A. Ray
Senior Vice President & Chief Financial Officer
Area Bancshares Corporation
(502) 688-7753
AREA BANCSHARES CORPORATION ANNOUNCES 50% STOCK DIVIDEND
AND CASH DIVIDEND INCREASE
Owensboro, Kentucky: Area Bancshares Corporation
(NASDAQ symbol: AREA), a $1.1 billion multi-bank holding
company, headquartered in Owensboro, Kentucky, announced
today that the board had declared a 3-for-2 stock split
effected in the form of a 50% stock dividend for
shareholders of record December 4, 1996, payable December
16, 1996. Total shares outstanding will increase to
11,363,007 based on 7,575,338 shares outstanding on
November 18, 1996.
(more)
ABC Release
Page 2 of 2
The board also declared a $.03 dividend per share
(based on the new number of shares outstanding) for
shareholders of record as of December 18, 1996, payable
January 2, 1997. This represents a split adjusted
increase of $.005 per share or 12.5% over the previous
quarterly dividend.
(end)
