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): May 7, 1999
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) 671-0300
(Former Name or Former Address, if Changed Since Last Report)
CAPITAL CITY BANK GROUP, INC.
FORM 8-K
CURRENT REPORT
Item 2. Acquisition or Disposition of Assets
On May 7, 1999, Capital City Bank Group, Inc. (the
"Company") completed its acquisition of Grady Holding Company
("GHC"). In the acquisition, GHC's subsidiary national bank,
First National Bank of Grady County ("FNBGC"), merged into the
Company's newly formed national bank subsidiary, CCBG Interim
National Bank ("Interim"). Immediately following the merger,
Interim changed its name to First National Bank of Grady County.
As of March 31, 1999, GHC had consolidated total assets of
approximately $112 million, consolidated loans of approximately
$92 million, consolidated deposits of approximately $93 million
and consolidated stockholders' equity of approximately $17
million. FNBGC operates two banking offices in Cairo and one in
Whigham, Georgia.
GHC shareholders received 115.885 shares of the Company's
common stock for each share of GHC common stock, and FNBGC
shareholders (other than GHC) received 21.5 shares of the
Company's common stock for each share of FNBGC common stock. As
a result, the Company issued approximately 1,309,565 million
shares of its common stock for all the shares of GHC and FNBGC
common stock. The acquisition was accounted for as a tax-free
pooling of interests.
See Exhibit 99.1.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits
(a) Financial Statements of Business Acquired.
Not applicable. Pursuant to the requirements of Regulation
S-X, no historical financial statements are required or
included herein.
(b) Pro Forma Financial Information.
Not applicable. Pursuant to the requirements of Regulation
S-X, no historical financial statements are required or
included herein.
(c) Exhibits.
99.1 Copy of the Company's Press Release issued May 10, 1999.
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: May 20, 1999
By: /s/ J. Kimbrough Davis
J. Kimbrough Davis
Executive Vice President
and Chief Financial Officer
CAPITAL CITY BANK GROUP, INC.
Current Report on Form 8-K
Exhibit Index
Exhibit No. Description
99.1 Copy of the Company's Press Release issued May 10, 1999.
Exhibit 99.1
CCBG, Inc., Completes Acquisition of Grady Holding Company and
First National Bank of Grady County
TALLAHASSEE, FLORIDA - Capital City Bank Group, Inc., (NASDAQ:
CCBG) completed its acquisition of Grady Holding Company and its
majority-owned subsidiary First National Bank of Grady County,
Cairo, Georgia on May 7, 1999.
The transaction, accounted for as a pooling-of-interests,
represents Capital City's first Georgia acquisition.
First National Bank shareowners received 21.5 shares and Grady
Holding Company shareowners received 115.885 shares of CCBG
common stock in exchange for each of their respective shares. A
total of 1,309,565 shares of CCBG were issued in the transaction.
First National Bank, with $112 million in assets at March 31,
1999, has two offices located in Cairo and one in Whigham.
Cairo, Georgia is approximately 35 miles north of Tallahassee,
Florida.
Capital City Bank Group President and Chief Executive Officer,
William G. Smith, Jr., said, "I am excited about Capital City's
expansion into south Georgia and having John Wight, majority
owner of Grady Holding Company, join the Capital City Bank Group
Board. John is a successful businessman who will bring great
talents to Capital City." Smith further commented, " Chuck
Stafford, President of First National Bank of Grady County, is a
superb banker and I look forward to working with Chuck and having
their team join the Capital City family." John Wight was equally
enthusiastic in his praise for Capital City. "I am pleased to
continue with a company which shares the same feelings about
community banking and can bring an array of products and services
to south Georgia."
Capital City Bank Group, Inc., based in Tallahassee, Florida, has
$1.4 billion in assets, operates 47 banking offices, 43 ATMs, and
9 Bank `N Shop locations in 18 counties.
