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): August 26, 1998
CAPITAL CITY BANK GROUP, INC.
(Exact name of registrant as specified in its charter)
Florida 0-13358 59-2273542
(State of Incorporation) (Commission File Number) (IRS Employer
Identification No.)
217 North Monroe Street, Tallahassee, Florida 32301
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (850) 671-0610
(Former Name or Former Address, if Changed Since Last Report)
<PAGE>
CAPITAL CITY BANK GROUP, INC.
FORM 8-K
CURRENT REPORT
Item 5. Other Events
Exhibit 99.1 is incorporated by reference in response to this Item 5.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
(c) Exhibits.
99.1 Copy of the registrant's Press Release issued August 27, 1998.
<PAGE>
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.
CAPITAL CITY BANK GROUP, INC.
Date: September 10, 1998 By:/s/ J. Kimbrough Davis
J. Kimbrough Davis
Executive Vice President
and Chief Financial Officer
<PAGE>
CAPITAL CITY BANK GROUP, INC.
Current Report on Form 8-K
Exhibit Index
Exhibit No. Description
99.1 Copy of the registrant's Press Release issued August 27, 1998.
<PAGE>
Exhibit 99.1
Capital City Purchases Eight First Union Offices
TALLAHASSEE, FL - Capital City Bank, a subsidiary of Capital City Bank
Group, Inc. (Nasdaq:CCBG) has announced the signing of an agreement to
purchase eight offices from First Union National Bank.
The offices involved serve the Florida communities of Chipley, Sunny
Hills, Port St. Joe, Keystone Heights, Starke (two offices), and Palatka
(two offices). Under the terms of this agreement, Capital City will
purchase the office facilities and assume $218 million in deposits.
First Union will retain loans now serviced centrally by the bank.
Deposits will continue to be insured by the FDIC and all eight offices
will continue to serve existing and new customers in their respective
communities. All associates will remain in their current positions and
join Capital City at the closing scheduled, subject to regulatory
approval, to occur in the fourth quarter of 1998. Financial terms of
the agreement were not disclosed.
William G. Smith, Jr., President and CEO of Capital City Bank Group
added, "This major franchise expansion advances the Company's strategic
plan which calls for growth in North and Central Florida. Capital City
is excited about the opportunity to introduce its style of community
banking with local decision makers to Washington, Gulf, Bradford, Clay,
and Putnam counties. We expect this transaction to increase earnings
per share in 1999."
Founded in 1895, Capital City is headquartered in Tallahassee, Florida.
Capital City Bank has over $1.0 billion in assets and, following the
completion of this purchase, will expand to 44 banking offices, 42 ATMs,
and 9 Bank `N Shop locations in 17 Florida counties.
