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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 25, 2000
Commission file number 0-25135
REDDING BANCORP
(Exact name of Registrant as specified in its charter)
California 94-2823865
(State or other jurisdiction of incorporation or (I.R.S. Employer
organization) Identification No.)
1951 Churn Creek Road
Redding, Bancorp 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, 2000 2,614,851
shares.
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Item 5. Other Events
Press release for the following (article attached):
Redding Bancorp, parent company of Redding Bank of Commerce announces 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
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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 CASH AND STOCK DIVIDEND
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REDDING, CALIFORNIA, SEPTEMBER 21, 2000/ PRNEWSWIRE-- Russell Duclos, President
and CEO of Redding Bancorp, the parent company of Redding Bank of Commerce,
today declared a combined dividend of $.65 per share cash dividend and a 10%
stock dividend.
This dividend represents the twelfth consecutive year that a cash dividend has
been paid, and the second time a stock dividend has been paid. The cash dividend
is based upon shareholder holdings before the issue of the stock dividend. Both
the cash and stock dividend will be paid on October 22, 2000 to shareholders of
record as of October 1, 2000.
Redding Bank of Commerce, the primary subsidiary of Redding Bancorp, reports
strong net earnings of $3,317,000 for the eight months ended August 31, 2000,
exceeding 1999 earnings for the same period by $302,000.
Redding Bank of Commerce, a premier provider of financial services to the
Business and Professional community in Northern California continues to be a
leading performer among its national peer group with a return on average assets
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of 2.08%, and a return on average shareholder equity of 18.47%. The bank
operates three full service offices in Redding and Roseville, California.
Markets in the Company's Common Stock:
o Lisa Gallo at Hoefer & Arnett, 353 Sacramento Street, Tenth Floor, San
Francisco, California (800) 346-5544,
o Thomas Bedford at Van Kasper & Company, 600 California Street, Suite 1700
San Francisco (800) 652-1747.
o Joey Warmenhoven at Pacific Crest, 111 SW Fifth Avenue, 42nd Floor,
Portland, Oregon 97204 (800) 473-3775.
Redding Bancorp stock is listed on the over the counter bulletin board (OTCBB)
under the symbol RDDB. Investor information is available via our website located
at www.reddingbankofcommerce.com.
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