SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): April 28,
1999
BELMONT BANCORP.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
OHIO 0-12724 34-1376776
(STATE OF (COMMISSION FILE NO.) (I.R.S. EIN)
INCORPORATION)
325 MAIN STREET
BRIDGEPORT, OH 43912
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
(740)-695-3323
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
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ITME 5. OTHER EVENTS
THE FOLLOWING IS A PRESS RELEASE DATED APRIL 28, 1999 CONCERNING
ONE OF THE CORPORATION'S BORROWERS.
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PRESS RELEASE
For additional information contact:
J. Vincent Ciroli, Jr., President
and Chief Executive Officer
(740) 695-3323
FOR IMMEDIATE RELEASE: April 28, 1999
SUBJECT: BORROWER UNEXPECTEDLY CEASES OPERATIONS
ST. CLAIRSVILLE, OHIO.On Monday, April 26, 1999 Schwartz
Homes, Inc. voluntarily and unexpectedly closed their Mega
Store operation. Schwartz is a large commercial customer of
Belmont National Bank, a subsidiary of Belmont Bancorp. The
Bank and other creditors have been working with Schwartz
management to determine the next course of action.
Currently it is premature to estimate the full financial
impact this situation will have on Belmont until there has
been an opportunity to completely evaluate all aspects of
operation. Belmont is working toward a quick resolution to
this situation and intends to keep the investing public
fully informed.
Certain statements in this release contain forward looking
information. These statements are subject to certain risks
and uncertainties. These risks and uncertainties could
cause actual results to differ materially from the current
statements.
Belmont Bancorp. is a $446 million holding company with
Belmont National Bank offices in Bellaire, Bridgeport,
Cadiz, Lansing, New Philadelphia, The Ohio Valley Mall, St.
Clairsville, Schoenbrunn and Shadyside, Ohio and in the
Woodsdale and Elm Grove areas of Wheeling, West Virginia.
Belmont Bancorp. stock trades in the Small Cap Market of
Nasdaq under the symbol BLMT. Information about Belmont
National Bank can be accessed on the Internet at
http://www.belmontbank.com.
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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 THEREUNTO DULY AUTHORIZED.
BELMONT BANCORP.
(REGISTRANT)
APRIL 28, 1999 BY: S/J. VINCENT CIROLI, JR.
J. VINCENT CIROLI, JR.
PRESIDENT AND CEO
