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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 (Date of earliest event reported): October 23, 2000
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Frontier Financial Corporation
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(Exact Name of Registrant as Specified in Charter)
Washington 0-15540 91-1223535
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification Number)
332 SW Everett Mall Way, Everett, Washington 98204
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(Address of principal executive offices/Zip Code)
Registrant's telephone number, including area code: (425) 514-0700
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ITEM 5. Other Events and Regulation FD Disclosure
On October 23, 2000, Frontier Financial Corporation ("Frontier") and its
wholly-owned subsidiary, Frontier Bank, entered into an Agreement and Plan of
Mergers ("Agreement") with Interbancorp, Inc. ("Interbancorp") and its
wholly-owned subsidiary, Inter Bank, pursuant to which Frontier will acquire all
of the outstanding stock of Interbancorp. The Agreement provides that
shareholders of Interbancorp will receive three-quarters (0.75) of a share of
Frontier common stock for each share of Interbancorp common stock. Frontier will
also assume all outstanding Interbancorp stock options. Frontier anticipates
issuing a maximum of 738,661 shares of common stock in the transaction. The
transaction will be accounted for using the purchase method of accounting.
Consummation of the acquisition is subject to several conditions,
including receipt of applicable regulatory approval, and approval by
Interbancorp's shareholders. For information regarding the proposed transaction,
reference is made to the press release dated October 23, 2000, which is attached
hereto as Exhibit 99 and incorporated herein by this reference.
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ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Financial statements - not applicable.
(b) Pro forma financial information - not applicable.
(c) Exhibits:
99 Press Release
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.
Dated: October 23, 2000
FRONTIER FINANCIAL CORPORATION
By: /s/ ROBERT J. DICKSON
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Robert J. Dickson, Chief Executive Officer
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