SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 20, 1995
Old Kent Financial Corporation
(Exact name of registrant as specified in charter)
Michigan
(State or other jurisdiction)
0-12216
(Commission file number)
38-1986608
(IRS employer identification no.)
One Vandenberg Center
Grand Rapids, Michigan 49503
(Address of principal executive offices)
Registrant's telephone number, including area code: (616) 771-5000
Item 5. Other Events.
On February 1, 1995, First National Bank Corp. was merged with and into Old
Kent Financial Corporation. This acquisition was accounted for as a
pooling-of-interests.
To provide a period that Old Kent Financial Corporation can use to
demonstrate that the risk sharing requirements for pooling-of-interests
accounting treatment (as required by the Securities and Exchange
Commission's ASR. No. 135 and SAB No. 65) are satisfied, the combined
condensed unaudited results of operations for the one month ended March 31,
1995, which covers at least 30 days of post merger operations, are
published by the filing of this report.
The operating results for the one-month period ended March 31, 1995 are not
necessarily indicative of the results that may be expected for the three-
month period or the year ending March 31, 1995.
<TABLE>
Old Kent Financial Corporation
Condensed Combined Income Statements
(unaudited)
<CAPTION>
For the
Month Ended
March 31,
1995
<S> <C> <C>
Interest Income......................... $75,994
Interest Expense........................ 36,225
Net Interest Income..................... 39,769
Provision for Loan Losses............... 644
Net Interest Income After Provision..... 39,125
Other Income:
Trust Income.......................... 3,260
Service Charges on Deposits........... 3,124
Other Income.......................... 9,597
Total Other Income.................... 15,981
Other Expense:
Salary and Benefits Expense........... 16,456
Occupancy & Equipment................. 4,623
Other Expenses........................ 14,768
Total Other Expenses.................... 35,847
Income before Income Taxes............... 19,259
Income Taxes........................... 6,221
Net Income............................... $13,038
</TABLE>
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.
OLD KENT FINANCIAL CORPORATION
By: /s/ Richard W. Wroten
Richard W. Wroten
Executive Vice President
and Chief Financial Officer
Date: April 20, 1995
