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As filed with the Securities and Exchange Commission on October 23, 1998
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8 - K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
October 21, 1998
FIRST CHARTER CORPORATION
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(Exact name of registrant as specified in its charter)
North Carolina 0-15829 56-1355866
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
22 Union Street, North, Concord, North Carolina 28026-0228
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(Addresses, including zip codes, of principal executive offices)
(704) 786-3300
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(Registrant's telephone number, including area code)
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Item 5 Other Events.
On October 21, 1998, First Charter Corporation (the "Registrant")
announced a stock repurchase. The Registrant announced that in connection with
the pending acquisition of an insurance agency by First Charter Insurance
Services, Inc., a wholly-owned indirect subsidiary of the Registrant, they
intend to purchase in the open market up to 75,000 shares of First Charter
common stock. A copy of the press release announcing the stock repurchase is
included as Exhibit 99.1 to this Current Report on Form 8-K.
Item 7 Financial Statements and Exhibits
(c) The following exhibits are filed herewith:
Exhibit No. Description
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99.1 News release disseminated on October 21, 1998 by First Charter
Corporation
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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 thereunto duly authorized.
FIRST CHARTER CORPORATION
By: /s/ Lawrence M. Kimbrough
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Lawrence M. Kimbrough
President and Chief Executive Officer
Dated: October 23, 1998
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EXHIBIT INDEX
Sequential
Exhibit No. Description Page No.
- ----------- ----------- -----------
99.1 News Release disseminated on October 21, 1998 by
First Charter Corporation.
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[FIRST CHARTER CORPORATION LETTERHEAD]
For Additional Information,
Contact David E. Keul
(704) 721-4482
FOR IMMEDIATE RELEASE
Concord, NC
October 21, 1998
FIRST CHARTER CORPORATION
ANNOUNCES STOCK REPURCHASE
IN CONNECTION WITH PENDING ACQUISITION
The First Charter Corporation Board of Directors today approved the
repurchase of up to 75,000 shares of First Charter Common Stock in open market
transactions. The repurchase was approved in contemplation of the issuance of an
equivalent number of shares of First Charter Common Stock in connection with the
pending acquisition of an insurance agency by First Charter Insurance Services,
Inc., a wholly-owned indirect subsidiary of First Charter Corporation. That
acquisition is scheduled to be consummated on or about Friday, October 30, 1998.
First Charter Common Stock is traded on the Nasdaq National Market
under the symbol "FCTR". For information, contact: J.C. Bradford,
Interstate/Johnson Lane, Legg Mason Wood Walker Inc., Morgan Stanley Dean Witter
& Co., and Wheat First Union, Inc.
