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) August 26, 1996
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FINANCIAL TRUST CORP
(Exact name of registrant as specified in its charter)
Pennsylvania 0-10756 23-2229155
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification Number)
1415 Ritner Highway, Carlisle, Pennsylvania 17013
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (717) 243-8003
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ITEM 1. CHANGES IN CONTROL OF REGISTRANT
Not Applicable
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
Not Applicable
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
Not Applicable
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
Not Applicable
ITEM 5. OTHER EVENTS
Financial Trust Corp (FITC) announced plans to
repurchase up to 250,000 shares of the company's 8.54
million shares of outstanding common stock.
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS
Not Applicable
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Not Applicable
(b) Not Applicable
(c) Exhibits - Press release dated August 26, 1996
ITEM 8. CHANGE IN FISCAL YEAR
Not Applicable
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.
Financial Trust Corp
(Registrant)
August 28, 1996 By /s/ Bradley S. Everly
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(Date) (Signature)
Bradley S. Everly
Senior Vice President and
Chief Financial Officer
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NEWS RELEASE
FOR IMMEDIATE RELEASE: August 26, 1996
Carlisle, PA Waynesboro, PA
Chambersburg, PA Williamsport, PA
Hanover, PA
Financial Trust Corp (FITC - PA) has announced plans to repurchase up to 250,000
shares, or approximately 3%, of the company's 8.54 million shares of outstanding
common stock. The repurchases will be made from time to time on the open market
or through privately negotiated transactions. The timing of any such repurchases
will be based upon management's assessment of the company's liquidity, the
market price of Financial Trust stock compared to management's assessment of the
stock's underlying value and regulatory, accounting and other factors. The
company will use the repurchased shares for its dividend reinvestment plan,
employee stock purchase plan and various stock option plans, in addition to
other general corporate purposes.
