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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
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): October 13, 1995
Matewan BancShares, Inc.
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(Exact name of registrant as specified in its charter)
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Delaware 33-17172 55-0639363
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
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P.O Box 100, 2nd Avenue and Vinson Street, Williamson, WV 25661
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(Address of Principal Executive Offices) (Zip
Code)
Registrant's telephone number, including area code (304)235-1544
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Item 2. Acquisition or Disposition of Assets
On September 28, 1995, Matewan BancShares, Inc. (the "Company") entered into a
Definitive Agreement with Banc One Corporation and Banc One Kentucky Corporation
under which the Company agrees to purchase from Banc One Kentucky Corporation
one hundred percent (100%) of the voting stock of the Bank One, Pikeville N.A.,
subject to the appropriate regulatory approvals. Bank One, Pikeville N.A. as of
September 30, 1995, had total assets in excess of $220 million and deposits in
excess of $181 million. The transaction is expected to close in the first
quarter of 1996 with a purchase price of $28.6 million. The Company intends to
fund approximately $15 million of this acquisition through the issuance of
preferred stock, with the remainder provided through a combination of debt and
dividends from its subsidiaries.
Item 7. Financial Statements and Exhibits
(a) Annual Audited Financial Statements for the acquired entity are not
available at the time of this filing and therefore their inclusion is
impractical for this filing. The Company will file a Form 8 disclosing required
financial statements as soon as practical, but in no event later than 60 days
from the date of this filing.
(b) Pro Forma Financial Information and Financial Statements are not available
at the time of this filing and therefore their inclusion is impractical for this
filing. The Company will file a Form 8 disclosing required pro forma financial
information and financial statements as soon as practical, but in no event later
than 60 days from the date of this filing.
(c) Not available per (a) and (b) above.
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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 hereunto duly authorized.
MATEWAN BANCSHARES, INC.
By:/s/Dan R. Moore
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Dan R. Moore, President
Dated: October 13, 1995