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: April 9, 1996
SIERRA TAHOE BANCORP
(Exact Name of Registrant as Specified in its Charter)
California File No. 0-15450 68-0091859
(State of Incorporation) (Commission File No.) (IRS Employer Identification No.)
10181 Truckee-Tahoe Airport Road, Truckee, California 96160-9010
(Address of Principal Executive Offices)
Registrant's Telephone Number (916) 582-3000
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Item 5. Other Events
On April 9, 1996, Sierra Tahoe Bancorp issued a press release announcing
the appointment of three additional members to its Board of Directors, John J.
Johnson, Ralph H. Coppola, M.D., and Ronald A. Johnson. The Board also approved
a change in the name of the holding company to SierraWest Bancorp and intends to
submit it to shareholders for approval at the annual shareholders' meeting.
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Item 7. Financial Statements and Exhibits
(c) Exhibits
28. Press release dated April 9, 1996.
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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.
Sierra Tahoe Bancorp
(Registrant)
Dated: April 10, 1996 By /s/ Richard Belstock
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Truckee, California Richard Belstock
Senior Vice President/Controller
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EXHIBIT 28
FOR: SIERRA TAHOE BANCORP
APPROVED BY: William T. Fike
President and Chief Executive Officer
(916) 582-3000
CONTACT: Morgen-Walke Associates
Doug Sherk, Jenifer Kirtland, David Gennarelli
(415) 296-7383
Elissa Grabowski, Jill Ruja
(212) 850-5600
SIERRA TAHOE BANCORP NAMES ADDITIONAL BOARD MEMBERS
Board to Submit Name Change of SierraWest Bancorp to Shareholder Vote
TRUCKEE, CA (April 9, 1996) - Sierra Tahoe Bancorp (Nasdaq: STBS) today
announced that it has named three additional members to its Board of Directors.
The new members include John J. Johnson, 63; Ralph J. Coppola, MD, 62; and
Ronald A. Johnson, 56. With these additions, the size of Sierra Tahoe Bancorp's
Board has increased from eight to eleven members.
"We are very pleased to expand our Board with these three outstanding
individuals," said William T. Fike, president and chief executive officer of
Sierra Tahoe Bancorp. "Every one of these new directors has made significant
contributions to the Board of our Sierra Bank of Nevada subsidiary, and they are
known and respected in the business community of Reno."
Mr. John Johnson is a retired business owner. Dr. Coppola is an ear, nose
and throat specialist. Mr. Ron Johnson is a CPA with Burgarello Alarm. These
three individuals have served on the Board of Sierra Bank of Nevada since its
inception in 1990.
In other news, the Board approved a change in the name of the holding
company to SierraWest Bancorp and will submit it to shareholders for approval at
the annual shareholder meeting.
"The proposed name, SierraWest Bancorp, is a more accurate reflection of
the Company's position as a regional bank with opportunities for expansion into
new markets," said Mr. Fike. "The 'Sierra' name recognizes our heritage and the
value we place on our roots in the Sierra Mountains. 'West' identifies our
position as a regional bank with a presence in two states and will grow with the
Company as we expand within the western U.S."
Sierra Tahoe Bancorp is the holding company for Truckee River Bank in
Truckee, California and Sierra Bank of Nevada in Reno, Nevada.
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