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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 ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): April 24, 1995
CITADEL HOLDING CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Delaware 1-8625 95-3885184
(STATE OR OTHER (COMMISSION FILE (I.R.S. EMPLOYER
JURISDICTION OF NUMBER) IDENTIFICATION NO.)
INCORPORATION)
600 North Brand Boulevard, Glendale, California 91203
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (818) 549-3130
None
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
Page 1 of 3 pages
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ITEM 5. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
99. Press Release of Citadel Holding Corporation, dated April 25, 1995.
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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.
CITADEL HOLDING CORPORATION, a
Delaware corporation
By: /s/ Steve Wesson
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Name: Steve Wesson
Title: President and Chief
Executive Officer
April 25, 1995
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EXHIBIT 99
CITADEL HOLDING CORPORATION ANNOUNCES
SALE OF SHARES OF FIDELITY FEDERAL BANK
Los Angeles, California (April 25, 1995) - Citadel Holding Corporation
today announced that it had reached agreement to sell approximately 2.9 million
shares of Class B Common Stock of Fidelity Federal Bank, a Federal Savings Bank,
to various purchasers. Citadel will receive $3.50 per share before selling
costs.
The sales, together with Citadel's previously announced sales to Roderick
Dillon and certain affiliates, reduce Citadel's ownership in Fidelity to less
than 1% of the outstanding common stock of Fidelity. Under Fidelity's Charter,
all shares of Fidelity sold by Citadel, as well as the shares retained by
Citadel, have been converted into equal numbers of shares of Fidelity Class A
Common Stock.
Citadel shares are listed on the American Stock Exchange under the symbol
"CDL". Contact: Steve Wesson, President and Chief Executive Officer, Citadel
Holding Corporation, (818) 549-3130.
