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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 12, 1996
(Date of earliest event reported)
MERCHANTS BANCORP, INC.
(Exact name of Registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation)
0-14484 36-3182868
(Commission File Number) (I.R.S. Employer Identification Number)
34 SOUTH BROADWAY, AURORA, ILLINOIS 60507
(Address of principal executive offices) (Zip Code)
(708) 896-9000
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
On December 12, 1996, Merchants Bancorp, Inc. (the "Registrant") sold the
State Bank of Osco, an Illinois state bank located in Osco, Illinois ("Osco"),
for approximately $4,300,000 in cash. At November 30, 1996, Osco had assets of
approximately $37,000,000.
On December 20, 1996, the Registrant also sold Anchor Bank, an Illinois
state bank located in Lake Villa, Illinois ("Anchor"), for approximately
$4,300,000 in cash and future contingent consideration. At November 30, 1996,
Anchor had assets of approximately $25,000,000.
The Registrant had acquired both of the banks in connection with its
acquisition of all of the issued and outstanding stock of Valley Banc Services
Corp., an Illinois corporation ("Valley"), on January 3, 1996. Osco and Anchor
had been held for sale by the Registrant following the Valley acquisition, and
therefore their respective dispositions generated no gain or loss by the
Registrant for financial statement purposes. The Registrant has assets of
approximately $710,000,000.
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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.
MERCHANTS BANCORP, INC.
Dated: December 26, 1996 By: /s/ Calvin R. Myers
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Calvin R. Myers
President
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