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: December 18, 1998
BRITTON & KOONTZ CAPITAL CORPORATION
(Exact name of issuer as specified in its charter)
64-0665423
Mississippi 0-22606 (IRS Employer
(State of Incorporation) Commission File Number Identification No.)
500 Main Street, Natchez, Mississippi 39120
(Address of principal executive offices)
Telephone: (601)445-5576
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BRITTON & KOONTZ CAPITAL CORPORATION
AND SUBSIDIARY
INDEX
Item 5. Other Events.
The contents of Exhibit 20 to this Form 8-K are hereby
incorporated herein by this reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
20 Other Documents or Statements to Security Holders.
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SIGNATURE
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 thereto duly authorized.
BRITTON & KOONTZ CAPITAL CORPORATION
December 18, 1998 /s/ W. Page Ogden
_____________________________________
W. Page Ogden
President and Chief Executive Officer
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Exhibits Index
Exhibit
Number Item
20 Other Documents or Statements to Security Holders
Press Release Dated December 10, 1998
Britton & Koontz Capital Corporation
500 Main Street
P. O. Box 1407
Natchez, MS 39121
601-445-5576
601-445-2488 Fax
http://www.bkbank.com
[email protected]
FOR IMMEDIATE RELEASE: FOR MORE INFORMATION:
December 10, 1998 W. Page Ogden, President & CEO
for (Nasdaq/Symbol BKBK) Bazile R. Lanneau, Jr., Vice President & CFO
BRITTON & KOONTZ ANNOUNCES INVESTMENT IN INTERNET BANKING COMPANY
Natchez, Mississippi-- Britton & Koontz Capital Corporation
announced today the acquisition of a thirty-five percent
interest in Sumx Inc., an Internet banking software and service
provider located in Madison, Mississippi and Dallas, Texas for
$1 million. Sumx, formerly InterBank Systems, Inc., was founded
in January, 1996 by Summit Research, Inc. a software engineering
firm and Bazile R. Lanneau, Jr., Vice President of Britton &
Koontz Capital, to develop an Internet banking system for
Britton & Koontz First National Bank, Britton & Koontz Capital's
wholly owned subsidiary. The SumxNet Online Banking system
enables financial institutions' customers to view account
balances, transfer funds, pay bills, order checks and, where
available, view check images. In addition to consumer bill
payment, SumxNet also provides cash management services that
include ACH origination and returns, Electronic Federal Tax
Payment System submission, wire transfer, secure messaging and
memo posting for up-to-the minute account updates. Britton &
Koontz' investment will fund marketing and the service bureau
implementation of SumxNet. Sumx can be located at
http://www.sumx.com on the Internet and at (601)856-1736 in
Madison, Mississippi.
Britton & Koontz Capital Corporation, headquartered in Natchez,
Mississippi, is the parent company of Britton & Koontz First
National Bank which operates three full service offices in
Natchez. As of September 30, 1998, the Company reported assets
of $175.4 million and equity of $19.2 million. The Company's
stock is traded on NASDAQ under the symbol BKBK and the transfer
agent is American Stock Transfer & Trust Company. Total shares
outstanding at September 30, 1998, amounted to 1,767,064.
