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UNITED STATES
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) April 27, 1995
Commission File Number Number 0-16839
PEOPLES FIRST CORPORATION
(Exact name of registrant as specified in its charter)
Kentucky 61-1023747
(State or other jurisdiction of (I R S Employer
incorporation or organization) Identification No.)
100 South Fourth Street
Paducah, Kentucky 42002-2200
(Address of principal exective offices) (Zip Code)
Registrant's telephone number, including area code: (502) 441-1200
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Item 5. Other Event - Information of importance to security holders:
FOR IMMEDIATE RELEASE
Release Date: April 28, 1995
For Further Information Contact: Aubrey W. Lippert
Peoples First Corporation
(502) 441-1200
PEOPLES FIRST CORPORATION ANNOUNCES A 5% STOCK DIVIDEND
PADUCAH, KY -- Peoples First Corporation (NASDAQ/NMS: PFKY) today
announced a 5% stock dividend on Peoples First common shares. The stock
dividend is payable on June 13, 1995 to shareholders of record at the
close of business on May 16, 1995. The stock dividend is in addition to
the Company's regular quarterly cash dividend of $.12 per share, which is
payable on May 15, 1995 to shareholders of record at the close of
business on May 1, 1995.
Speaking at Peoples First's 1995 annual meeting of shareholders held
at Murray State University, Aubrey W. Lippert, Chairman of the Board,
President and Chief Executive Officer, said "The stock dividend
represents an effective 5% increase in the Company's cash dividend,
beginning with the third quarter. We believed a stock dividend was an
appropriate way to increase the return to the Company's shareholders." At
the annual meeting, shareholders also elected eight directors and
ratified appointments to the Company's audit committee.
Peoples First had previously announced net income of $0.36 per share
for the three months ended March 31, 1995, up from $0.34 for the
comparable period of 1994. Costs associated with two acquisitions in
progress during the first quarter of 1994 were approximately $0.04 per
share. Returns on average equity for the three months ended March 31,
1995 and 1994 were 10.94% and 10.78%, respectively.
Peoples First Corproation is one of the largest multi-bank holding
companies headquartered in Kentucky with assets of more than $1.2 billion
as of March 31, 1995. Peoples First provides a complete range of
commercial and personal banking services through its 25 western Kentucky
banking offices in Paducah, Calvert City, Benton, LaCenter, Salem,
Smithland, Murray, Central City, Greenville, Beaver Dam, Hartford,
Livermore, Morgantown, Mayfield, and Symsonia.
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SIGNATURE
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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, thereunto duly authorized, on April 28, 1995.
PEOPLES FIRST CORPORATION
By: /s/ Allan B. Kleet
Allan B. Kleet
Principal Financial Officer
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