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 28, 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 October 28, 1997, announcing management changes.
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.
Keystone Financial, Inc.
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(Registrant)
Date: November 4, 1997 Donald F. Holt
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Senior Vice President &
Controller
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EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release of Keystone Financial, Inc. dated
October 28, 1997.
<PAGE>
Contact: Carl L. Campbell October 28, 1997
President and CEO
(717)231-5707
KEYSTONE FINANCIAL INC., ANNOUNCES MANAGEMENT CHANGES
HARRISBURG, PA, OCTOBER 28 -- Keystone Financial, Inc., (NASDAQ,NM:KSTN), the
fourth largest bank holding company headquartered in Pennsylvania, announced
today that Mark L. Pulaski, (43), has been named Vice Chairman and Chief
Operating Officer and was appointed to the company's board of directors. Pulaski
previously served as Senior Executive Vice President, Chief Administrative
Officer and Chief Financial Officer. In his new posts, Pulaski will be
responsible for all customer sales and support and related administrative
segments of the Company.
Pulaski joined the company in 1983 as Vice President and Chief Financial Officer
of Northern Central Bank, one of Keystone's community banks. He is a Certified
Public Accountant and previously practiced with the accounting firms of Price
Waterhouse and Ernst & Young. The company also announced that George H. Groves,
Senior Executive Vice President and Chief Banking Officer, resigned to pursue
other business interests. Carl L. Campbell, President and Chief Executive
Officer of Keystone stated. "George Groves has made many valuable contributions
to the company in the past 12 years, and we wish him well in his future
endeavors."
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, a retirement benefit services firm, Pittsburgh, PA, 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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