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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
(Mark One)
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report September 23, 1999
Commission file number 0-25135
REDDING BANCORP
(Exact name of Registrant as specified in its charter)
California 94-2823865
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1951 Churn Creek Road
Redding, California 96002
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (530) 224-3333
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act:
Common Stock, no par value per share
Indicate by check mark whether the Registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the Registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes [X] No [ ]
Indicate the number of shares outstanding of each of the issuer's class of
common stock, as of the latest practicable date. August 31, 1999 2,655,373
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Item 5. Other Events
Press release for the following (article attached):
Redding Bancorp, Parent Company of Redding Bank of Commerce Declares Dividend.
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.
/s/ Linda J. Miles
BY: Linda J. Miles
Executive Vice President & Chief Financial Officer
PRESS RELEASE
REDDING BANCORP (RDDB)
FOR INFORMATION CONTACT:
RUSSELL L. DUCLOS, PRESIDENT & CEO
PHONE (530) 224-7326, OR
LINDA J. MILES, CHIEF FINANCIAL OFFICER
PHONE (530) 224-7318
WWW.REDDINGBANKOFCOMMERCE.COM
FOR IMMEDIATE RELEASE:
REDDING BANCORP, PARENT COMPANY OF REDDING BANK OF COMMERCE
DECLARES DIVIDEND
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REDDING, CALIFORNIA, SEPTEMBER 23, 1999/ PRNEWSWIRE-- Russell Duclos, President
and CEO of Redding Bancorp, the parent company of Redding Bank of Commerce,
today declared a $.60 per share dividend.
This dividend represents a 20% increase over the prior-years dividend, and the
eleventh consecutive year that a cash dividend has been paid. The dividend will
be paid on October 22, 1999 to shareholders of record as of October 1, 1999.
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Redding Bank of Commerce, the primary subsidiary of Redding Bancorp, reports
strong net earnings of $3,015,235 for the eight months ended August 31, 1999,
exceeding 1998 earnings for the same period by $180,000.
Redding Bank of Commerce, a premier provider of financial services to the
Business and Professional community in Redding, California continues to be a
leading performer among its national peer group with a return on average assets
of 2.02%, and a return on average shareholder equity of 18.20%. The bank
operates two full service offices in Redding, and loan production offices in
Chico and Roseville, California.
Trades in the Company's Common Stock are handled by Joe Tallerico of Morgan
Stanley Dean Witter, 310 Hemsted Drive, Suite 100, Redding, California (800
733-6126) Lisa Gallo at Hoefer & Arnett, 353 Sacramento Street, Tenth Floor, San
Francisco, California (800 346-5544) and Thomas Bedford, Van Kasper & Company,
600 California Street, San Francisco (800 346-5544).
Redding Bancorp stock is listed on the over the counter bulletin board (OTCBB)
under the symbol RDDB.
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