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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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 14, 1998
AUBURN NATIONAL BANCORPORATION, INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
DELAWARE 0-26486 63-0885779
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(STATE OR OTHER (COMMISSION (IRS EMPLOYER
JURISDICTION OF FILE NUMBER) IDENTIFICATION NO.)
INCORPORATION)
100 NORTH GAY STREET, P.O. DRAWER 3110, AUBURN, ALABAMA 36831-3110
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(ADDRESSES OF PRINCIPAL EXECUTIVE OFFICES, INCLUDING ZIP CODE)
(334) 821-9200
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(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
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ITEM 5. OTHER EVENTS.
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On May 14, 1998, Auburn National Bancorporation, Inc. declared a second
quarter $.14 per share cash dividend and a 200% stock dividend for shareholders
of record on June 10, 1998 to be issued on June 25, 1998. A copy of the press
release announcing the cash and stock dividends is attached to the end of this
report.
On June 12, 1998, Auburn Bank, a bank subsidiary of Auburn National
Bancorporation, Inc. announced plans for the opening of a new branch in Phenix
City, Alabama. The branch is scheduled to open during August 1998. A copy of
the press release is attached to the end of this report.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION, AND EXHIBITS.
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(c) Exhibits
The following exhibits are filed herewith:
Exhibit No. Description
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99.1 Press Release for Cash and Stock Dividend
99.2 Press Release for New Branch Plans
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SIGNATURE
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.
AUBURN NATIONAL BANCORPORATION, INC.
(Registrant)
/s/ Linda Fucci
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Linda Fucci
Chief Financial Officer
Date: June 22, 1998
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INDEX TO EXHIBITS
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Exhibit
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99.1 Press Release for Cash and Stock Dividend
99.2 Press Release for New Branch Plans
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EXHIBIT 99.1
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AUBURN NATIONAL BANCORPORATION, INC.
ANNOUNCES CASH AND STOCK DIVIDEND
AUBURN, Alabama, May 14, 1998 -- The Board of Directors of Auburn National
Bancorporation, Inc. has declared a second quarter $.14 per share cash dividend
for shareholders of record June 10, 1998, payable June 25, 1998. In addition, a
200% stock dividend has been declared for shareholders of record June 10, 1998
to be issued June 25, 1998.
"The Board's action demonstrates our continued confidence in the strength of the
Company's operations," commented Chairman E.L. Spencer, Jr. "We are delighted
to be able to reward our shareholders with this stock and cash dividend."
Auburn National Bancorporation is the parent company of AuburnBank, founded in
1907, with total assets of over $272 million. The common stock of the company
trades on the Nasdaq SmallCap Market under the symbol AUBN.
For further information, contact Daria S. Story
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EXHIBIT 99.2
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AUBURNBANK ANNOUNCES NEW BRANCH PLANS
(June 12, 1998 Auburn, Alabama) AuburnBank has signed a lease agreement with
Wal-Mart to operate a full service branch within the SuperCenter store at 3700
US Hwy 431 North in Phenix City. The Wal-Mart SuperCenter and AuburnBank branch
plan to open during August, 1998.
Bob Dumas, President of AuburnBank, stated, "Response to the in-store banking
concept has been exceptional locally and nationwide. Our bank wants to maintain
its reputation as an innovator in providing state of the art banking convenience
for our customers - both existing and prospective. Our move into the Wal-Mart
SuperCenter in Phenix City will open opportunities for expanded service to the
Phenix City and Smiths Station areas."
Adicia Coulter, a native of Phenix City and manager of the AuburnBank branch
commented, "In-store banking provides convenient "one-stop" shopping service.
Our branch will offer traditional banking services plus extended hours six days
a week. I am looking forward to representing AuburnBank in supporting these
communities."
AuburnBank, founded in 1907 in Auburn, Alabama, operates its main office in
downtown Auburn, a full service branch in Opelika, Kroger and Winn-Dixie
supermarket branches in Auburn, and an extensive 14 ATM Tiger Teller network in
Lee County.
Grand opening details will follow as plans progress, according to bank
officials.
