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) November 21, 1997
KEYSTONE FINANCIAL, INC.
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(Exact name of registrant as specified in its charter)
Pennsylvania 0-11460 23-2289209
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State or other jurisdiction (Commission File Number) (IRS Employer ID No.)
of incorporation)
One Keystone Plaza, P.O.Box 3660, Harrisburg, Pennsylvania 17105-3660
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(Address of principal executive offices) (ZIP CODE)
Registrant's telephone number including area code: (717) 233-1555
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Item 5. Other Events
The following document is filed as an exhibit to this Form 8-K:
I. Press Release of Keystone Financial, Inc.
dated November 21, 1997.
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Signatures
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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.
Keystone Financial, Inc.
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(Registrant)
Date: November 25, 1997 Donald F. Holt
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Senior Vice President &
Corporate Controller
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EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release of Keystone Financial, Inc. dated
November 21, 1997.
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Contact: Mark L. Pulaski Donald F. Holt November 21, 1997
Vice Chairman & Sr. Vice President &
Chief Operating Officer Corporate Controller
(717) 231-5702 (717) 231-5704
KEYSTONE FINANCIAL INCREASES CASH DIVIDEND
HARRISBURG, PA., November 21 - The Board of Directors of Keystone
Financial, Inc., (NASDAQ:NM:KSTN), the fourth largest bank holding company in
Pennsylvania, has declared an increased quarterly cash dividend of 28 cents per
share, payable January 20, 1998, to shareholders of record on January 9, 1998.
This is an 7.7% increase over the 26 cents per share paid quarterly in 1997. The
cash dividend has been increased annually since Keystone was formed in 1984.
"The increased dividend reflects our strong earnings performance through
the first nine months of 1997, and our optimism about Keystone's future. We
remain focused on continuing to increase Keystone's operating performance," Carl
L. Campbell, president and chief executive officer said. "A strong dividend is
one clear way that our shareholders can participate in our success, and we are
pleased to announce this dividend increase," he added.
Keystone Financial, Inc., with assets of approximately $6.8 billion has
seven member banks -- American Trust Bank, N.A., Cumberland, MD; Financial Trust
Company, Carlisle, PA; Keystone Bank, N.A., Horsham, PA; Keystone National Bank,
Lancaster, PA; Mid-State Bank, Altoona, PA; Northern Central Bank, Williamsport,
PA; and Pennsylvania National Bank, Pottsville, PA; -- which together operate
nearly 200 offices in Pennsylvania, Maryland and West Virginia.
Keystone also operates Martindale Andres & Co., West Conshohocken, PA, a
company providing investment management services, Keystone Financial Mortgage
Co., Lancaster, PA, MMC&P, Pittsburgh, PA, a retirement benefit services firm,
Keystone Financial Leasing Corporation, Exton, PA and Key Call Phone Banking
Center, Cumberland, MD.
For more information, visit the company's web site on the Internet at
www.keyfin.com
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