SECURITIES & 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 29, 1999
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CASTLE BANCGROUP, INC.
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(Exact Name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
0-25914 36-3238190
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(Commission File Number) (IRS Employer
Identification No.)
121 W. Lincoln Hwy. DeKalb, Il. 60115
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(Address including zip code of Principal Executive Offices)
Registrant's telephone number, including area code (815) 758-7007
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Item 5. Other Events
Incorporated by reference is a Press Release issued by the
Registrant on April 29, 1999, attached as Exhibit 99, providing
information concerning the Registrant's approval of a 2-for-1
stock split of its outstanding Common Stock in the form of a 100%
stock dividend.
Item 7. Financial Statements and Exhibits
(a) Exhibit
Exhibit 99 - Press Release dated April 29, 1999
SIGNATURE
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.
CASTLE BANCGROUP, INC.
Date: April 29, 1999 By: /s/ Dewey R. Yaeger
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Dewey R. Yaeger
President and Chief
Operating Officer
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EXHIBIT INDEX
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Exhibit
Number Description
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99 Press Release dated April 29, 1999
EXHIBIT 99
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For more information, contact:
John W. Castle
Chairman and Chief Executive Officer
815-758-7007
or
Thomas D. Young
Senior Vice President
815-758-7007
DeKalb, Illinois
April 29, 1999
CASTLE BANCGROUP, INC. DECLARES TWO-FOR-ONE STOCK SPLIT
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Castle BancGroup, Inc. announced today that its Board of Directors
approved a two-for-one stock split of the company's common stock in
the form of a 100% stock dividend.
The dividend shares will be issued on May 20th to shareholders of
record on May 10th.
"Today's announcement is another significant step for our company and
is a reflection of our confidence in Castle BancGroup's long-term
growth potential and financial strength," said John W. Castle,
Chairman and Chief Executive Officer. "This stock split is evidence
of our commitment to the company's primary mission, which is to
consistently increase shareholder value," he added.
The Board also approved a cash dividend on the common stock of $0.07
per share on a post-split basis ($0.14 per share on a pre-split
basis), payable June 30, 1999, to shareholders of record on June 14,
1999.
Castle BancGroup, Inc. currently has approximately 2,175,400 shares
outstanding.
Castle BancGroup, Inc. is a multi-bank holding company, which is
headquartered in DeKalb, Illinois and has four subsidiary community
banks: First National Bank in DeKalb/Sycamore (with four locations),
Castle Bank N.A. (formerly The Sandwich State Bank, with four
locations), Castle Bank Harvard, N.A. (with two locations), and The
Bank of Yorkville (with one location). The company also owns CasBanc
Mortgage, Inc., a mortgage banking firm, with ten locations in
Chicago, the Chicago suburbs, Merrillville, Indiana and St. Louis,
Missouri.
