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):
September 10, 1997 (August 18, 1997)
VERMONT FINANCIAL SERVICES CORP.
(Exact Name of Registrant as Specified in Charter)
Delaware 0-11012 03-0284445
(State or Other Jurisdiction of (Commission File (IRS Employer
Incorporation) Number) Identification Number)
100 Main Street
Brattleboro, Vermont 05301
(Address of Principal Executive Offices)
802-257-7151
(Registrant's Telephone Number,
including Area Code)
<PAGE>
Item 5. OTHER EVENTS.
On August 18, 1997, Vermont Financial Services Corp. announced that it
would effect a 2-for-1 stock split in the form of a 100% stock dividend. Shares
of common stock under the split would be issuable to shareholders of record as
of September 12, 1997.
Certain additional information regarding the announcement is contained
in Vermont Financial Service Corp.'s press release dated August 18, 1997,
included as an exhibit hereto and incorporated herein.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
99.1 Press Release of Vermont Financial Services Corp. dated
August 18, 1997
Page 2
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Vermont Financial Services Corp. has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
VERMONT FINANCIAL SERVICES CORP.
Date: September 10, 1997 By:/s/John D. Hashagen, Jr.
John D. Hashagen, Jr.
President and Chief Executive Officer
Page 3
Exhibit 99.1
NASDAQ Symbol: VFSC
NEWS RELEASE
For immediate release
For Additional Information
Contact: John D. Hashagen, Jr.
President
802-258-4000
VERMONT FINANCIAL SERVICES CORP.
DECLARES 100% STOCK DIVIDEND
Brattleboro, Vermont, August 18, 1997...Vermont Financial Services Corp. today
announced that its Board of Directors has declared a stock dividend of one share
of common stock for each share of common stock outstanding. The stock dividend
will be paid on October 10, 1997 to stockholders of record September 12, 1997.
John D. Hashagen, Jr., President and Chief Executive Officer of Vermont
Financial Services Corp., commented that, "Our decision to pay this stock
dividend, in effect a 2 for 1 stock split, reflects the Board of Directors'
confidence in our Company's prospects. It also will make our stock more
affordable to smaller investors, therefore broadening the distribution of our
stock."
Vermont Financial Services Corp. is a three-bank holding company headquartered
in Brattleboro, Vermont. Its banking subsidiaries are Vermont National Bank, a
commercial bank also headquartered in Brattleboro, Vermont with 33 locations in
Vermont, Vermont Federal Bank, a savings bank headquartered in Burlington,
Vermont with 18 locations in Vermont and 15 locations in southeastern New
Hampshire and United Bank, a savings bank headquartered in Greenfield,
Massachusetts with 7 locations in western Massachusetts.
Vermont Financial Services Corp. common stock is listed on NASDAQ with a trading
symbol of VFSC.
