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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 23, 1995
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SUBURBAN BANCSHARES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-16595 54-1319411
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(State or other juris- (Commission (IRS Employer
diction of incorporation) File Number) Identification No.)
7505 Greenway Center Drive, Greenbelt, Maryland 20770
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(Address of principal executive offices) (ZIP Code)
Registrant's telephone number, including area code (301) 474-6694
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Not Applicable
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(Former name or former address, if changed since last report)
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CURRENT REPORT ON FORM 8K
ITEM 5. OTHER EVENTS
Suburban Bancshares, Inc. ("Suburban") and Financial Institutions Holding
Corporation ("FIHC") have announced their agreement for Suburban to
purchase from Irving L. Kidwell, Chairman of FIHC, 24.33% of Financial
Institutions Holding Corporation for $2.26 million to be paid in cash and
a promissory note. The agreement is subject to regulatory approval and
other conditions of closing. Suburban and FIHC plan to discuss
acquisition of the remaining shares of FIHC through an exchange of stock
based on book values of the two companies.
Financial Institutions Holding Corporation is the parent company of the
Bank of Bowie, a small business community bank in Bowie, Maryland with
$37 million in total assets. Suburban Bancshares, Inc., headquartered in
Greenbelt, Maryland, is the parent company of Suburban Bank of Maryland, a
community small business bank with four branches and assets of $85
million.
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.
Suburban Bancshares, Inc.
Date June 7, 1995 /s/ Sibyl S. Malatras
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Sibyl S. Malatras
Senior Vice President
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