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) January 26, 1998
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 January 26, 1998.
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.
(Registrant)
Date: January 30, 1998 Donald F. Holt
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Senior Vice President &
Corporate Controller
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EXHIBIT INDEX
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Exhibit No. Description
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99.1 Press Release of Keystone Financial, Inc. dated
January 26, 1998.
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Contact: Donald F. Holt January 26, 1998
Sr. Vice President
Corporate Controller
(717) 231-5704
KEYSTONE FINANCIAL ANNOUNCES PLANS FOR SHARE REPURCHASE
HARRISBURG, PA., January 26 - Keystone Financial, Inc., (NMS,
NASDAQ:KSTN), the fourth largest bank holding company headquartered in
Pennsylvania, today announced plans for repurchasing up to 500,000 shares of
common stock. Shares repurchased under the program are to be held as treasury
stock for various corporate programs, including the funding of existing employee
benefit and share related plans.
"Building long-term value for our shareholders remains a key corporate
objective," Carl L. Campbell, president and chief executive officer said. "The
share repurchase program, supported by our strong financial position, furthers
this objective and helps us manage our capital," 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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