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): December 6, 1999
DROVERS BANCSHARES CORPORATION
(Exact name of registrant as specified in its charter)
PENNSYLVANIA
(State or other jurisdiction of incorporation)
0-10958 23-2209390
(Commission file number) (IRS employer ID)
30 SOUTH GEORGE STREET, YORK, PA 17401
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code (717) 843-1586
NONE
(Former name, address and fiscal year, if changed since last report.)
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Item 5. Other Events
On December 6, 1999, Drovers Bancshares Corporation ("Drovers") issued
103,087 shares of its common stock, no par value, in a previously announced
community and shareholder offering. The "best efforts" offering was
subsequently terminated. The shares were sold in the offering at $21.50 per
share, resulting in aggregate proceeds to Drovers, before expenses of the
offering and selling agent's commissions, of $2,216,370.50. Total shares
outstanding after the offering were 4,801,984 shares.
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 thereunto duly authorized.
DROVERS BANCSHARES CORPORATION
Date: December 21, 1999 /s/ A. Richard Pugh
A. Richard Pugh, Chairman, President
and Chief Executive Officer
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