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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 9, 1999 (NOVEMBER 5, 1999)
AREA BANCSHARES CORPORATION
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(Exact name of registrant as specified in its charter)
Kentucky 0-26032 61-0902343
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
230 Frederica Street, Owensboro, KY 42301
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(Address of principal executive office) (Zip code)
Registrant's telephone number, including area code: (270) 926-3232
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Not Applicable
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(Former name or former address, if changed since last report)
The Current Report consists of 5 pages.
The exhibit index is located on page 4.
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Item 5. Other Events
On November 5, 1999, Area Bancshares Corporation ("Area") announced it
had repurchased two blocks of its common stock totaling 300,000 shares
from a private foundation formed by one of Area's directors. The
director transferred the stock to the foundation approximately five
years ago and the foundation disposed of the stock to avoid unfavorable
federal tax consequences.
The stock buybacks occurred on September 1 and September 22, 1999.
A copy of the press release is attached hereto as Exhibit 99-1, and is
incorporated herein by reference.
Item 7. Financial Statements and Exhibits
C. Exhibits
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Exhibit No. Description
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<S> <C>
99-1 Press release dated November 5, 1999
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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.
Area Bancshares Corporation
DATE: November 9, 1999 By: /s/ Edward J. Vega
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Edward J. Vega
Senior Vice President &
Chief Financial Officer
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INDEX TO EXHIBITS
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<CAPTION>
Exhibit Number Exhibit Description Page
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<S> <C> <C>
99-1 Press release dated November 5, 1999 5
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EXHIBIT 99.1
AREA
BANCSHARES
CORPORATION
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Media Release
FOR IMMEDIATE RELEASE
NOVEMBER 5, 1999
CONTACT: MR. TIMOTHY O. SHELBURNE
AREA BANCSHARES CORPORATION
SENIOR VICE PRESIDENT AND
GENERAL COUNSEL
(270)-688-7750
AREA BANCSHARES CORPORATION ANNOUNCES STOCK BUYBACK
OWENSBORO, KENTUCKY: November 5, 1999-Area Bancshares Corporation (NASDAQ:
AREA). In response to inquiries received from the investing community, Area
Bancshares Corporation announced today that it has purchased two blocks of its
common stock totaling 300,000 shares from a private foundation formed by one of
the Company's directors. The director transferred the stock to the foundation
approximately five years ago. The foundation disposed of the stock to avoid
unfavorable federal tax consequences. The stock buybacks were consummated on
September 1 and September 22, 1999.
Area Bancshares Corporation, a $2.3 billion multi-bank holding company,
headquartered in Owensboro, Kentucky, operates 13 banks with 65 banking
facilities in 24 cities throughout Kentucky. Through its subsidiaries, Area
offers a broad range of banking and banking-related services.
END
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