<PAGE> 1
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)
OCTOBER 7, 1999 (OCTOBER 4, 1999)
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: (270) 926-3232
--------------
Not Applicable
- --------------------------------------------------------------------------------
(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.
1
<PAGE> 2
Item 5. Other Events
On October 4, 1999, Area Bancshares Corporation ("Area") announced the
signing of definitive agreements providing for Area's purchase of the
investment business currently operated by Thomas Eifler, Sr. and Thomas
Eifler, Jr. in Louisville, Kentucky. Under the terms of the agreements,
the Eiflers will become associated with Area Services, Inc., a wholly
owned subsidiary of Area Bancshares Corporation, and will manage the
company's non-deposit investment product line under the name Area
Investment Services.
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
Exhibit No. Description
----------- -----------
99-1 Press release dated October 4, 1999
2
<PAGE> 3
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: October 7, 1999 By: /s/ John A. Ray
-----------------------------
John A. Ray
Executive Vice President,
Chief Operating Officer &
Chief Financial Officer
3
<PAGE> 4
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
Exhibit Number Exhibit Description Page
-------------- ------------------- ----
<S> <C> <C>
99-1 Press release dated October 4, 1999 5
</TABLE>
4
<PAGE> 1
EXHIBIT 99.1
AREA
BANCSHARES
CORPORATION
- --------------------------------------------------------------------------------
Media Release
FOR IMMEDIATE RELEASE
OCTOBER 4, 1999
CONTACT: MR. TIMOTHY O. SHELBURNE
AREA BANCSHARES CORPORATION
SENIOR VICE PRESIDENT AND
GENERAL COUNSEL
(270)-688-7750
AREA BANCSHARES CORPORATION ANNOUNCES PROPOSED BROKERAGE VENTURE
OWENSBORO, KENTUCKY: October 4, 1999-Area Bancshares Corporation (NASDAQ: AREA)
and The Eifler Group of Prudential Securities have announced the signing of
definitive agreements providing for Area's purchase of the investment business
currently operated by Thomas Eifler, Sr. and Thomas Eifler, Jr. in Louisville,
Kentucky. Under the terms of the agreements, the Eiflers will become associated
with Area Services, Inc., a wholly owned subsidiary of Area Bancshares
Corporation, and will manage the company's non-deposit investment product line
under the name Area Investment Services. Thomas Eifler, Sr. will act as CEO and
Thomas Eifler, Jr. will act as President of the subsidiary operating company.
The transactions are expected to close during the last quarter of 1999.
Thomas R. Brumley, Area's Chief Executive Officer, said, "This venture
creates a great opportunity for our company to complement the broad line of
financial services available to our customer base. The Eiflers have worked
extensively in the securities industry with Prudential Securities. We are
excited about the opportunity to join forces with them, and we plan to use their
brokerage expertise to expand our presence in this line of business."
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
5
