SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 8 - K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): December 6, 1999
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BT Financial Corporation
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(Exact Name of Registrant as Specified in its Charter)
Pennsylvania 0-12377 25-1441348
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(State or other jurisdiction of (Commission (I.R.S.Employer
incorporation or organization) File Number) Identification No.)
551 Main Street, Johnstown, Pennsylvania 15901
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(Address of Principal Executive Offices)
(Zip Code)
(814) 532-3801
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(Registrant's Telephone Number, including Area Code)
Item 5 Other Events
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BT Financial Corporation's press release dated December 6, 1999
regarding BT Financial Corporation's announcement of two promotions
filed herewith as Exhibit 99.1 is incorporated by reference.
Item 7 Financial Statements, Pro Forma Financial Information and Exhibits
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(c) Exhibits
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Exhibit 99.1 BT Financial Corporation Press Release dated
December 6, 1999
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act
of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
BT FINANCIAL CORPORATION
(Registrant)
Dated: December 6, 1999 By: /s/ John H. Anderson
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John H. Anderson,
Chairman and Chief
Executive Officer
BT Financial Corporation
News Release
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Contact: John H. Anderson, Chairman and Chief Executive Officer
For Release: Immediately
BT FINANCIAL ANNOUNCES PROMOTIONS
Johnstown (December 6, 1999) - BT Financial Corporation's (BTFC) advancing
growth has prompted the creation of a more focused executive strategic
planning position within the corporation. A long time BTFC executive has
been appointed to the position.
Mark L. Sollenberger has been named Executive Vice President, Corporate
Strategy. In his new capacity, Sollenberger will be responsible for
heightening BTFC's corporate investor relations and communications programs
as well as the strategies and initiatives involved in BTFC's merger and
acquisition activities. He will assist Chairman and Chief Executive Officer,
John H. Anderson, in the development, monitoring and communicating of the
corporation's business plan by setting financial and strategic goals for the
corporation. In addition, he will particularly monitor emerging trends within
the financial services industry and the possible strategic impact those trends
could have on the corporation.
According to Anderson, the benefits BTFC will gain from this new focused
expertise will help shape the organization for the future.
"The experience Mark has gained over the past 25 years with our corporation
has provided him with the foresight and expertise required to implement the
diverse emerging trends that are happening in our industry today," he said.
"The specialization Mark brings to this position will allow BTFC to be more
responsive to the trends that affect investor relations programs and merger
and acquisition activities. These responses affect BTFC's overall strategic
planning pursuits."
Sollenberger began his career with BTFC in 1975 as a management trainee.
He has held various positions in the Controller's Office including his most
recent position as Executive Vice President in the Finance and Control Division
where he served as Chief Financial Officer. Sollenberger received a BS in
Business Administration from Shippensburg University and a Master's degree in
Business Administration from Indiana University of Pennsylvania.
He resides in Windber with his wife and their three children.
BT Financial Corporation also has announced the appointment of Brian H.
Lehman as Senior Vice President and Chief Financial Officer, Finance and
Control Division. Lehman will assume many of the responsibilities formerly
held by Sollenberger.
Lehman joined BTFC in 1997 as Vice President and Controller. He has held
positions at L. Robert Kimball & Associates, Ebensburg; Pepsi Cola Bottling
Co., Johnstown; and Coopers and Lybrand, CPA, Pittsburgh. Lehman received
a BS in Accounting from the Pennsylvania State University and is a Certified
Public Accountant.
He is a member of the Richland Township Planning Commission, the American
Institute of Certified Public Accountants and the Pennsylvania Institute of
Certified Public Accountants. Lehman also serves on the State Government
Relations Taxation Financial Institution Advisory Unit for the Pennsylvania
Bankers Association.
Lehman resides in Johnstown with his wife and son.
BT Financial Corporation is a bank holding company with headquarters at
BT Financial Plaza, 551 Main Street, Johnstown, and assets totaling $2.0
billion. The Corporation's banking affiliate is Laurel Bank, Johnstown,
serving 12 counties throughout southwestern Pennsylvania. BT Financial
Corporation's other affiliates include Laurel Trust Company, a state
chartered trust company, Bedford Associates, Inc., a real estate company,
Bedford Associates of Delaware, Inc., an investment company, Laurel
Community Development Corporation, providing housing for low to moderate
income citizens, and Flex Financial Consumer Discount Company.
