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) June 24, 1997
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PENNROCK FINANCIAL SERVICES CORP.
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(Exact name of registrant as specified in its charter)
Pennsylvania 0-15040 23-2400021
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1060 Main Street, Blue Ball, PA 17506
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(Address of principal executive office) (Zip Code)
N/A
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(Former name or former address, if changes since last report)
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Item 5. Other Events.
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The press release of PennRock Financial Services Corp. dated June 14,
1997 relating to the authorization of an open market stock repurchase
program and attached hereto as Exhibit 99 is incorporated by reference
herein.
Item 7. Financial Statements and Exhibits.
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(c) Exhibits
The following exhibits are filed herewith:
Exhibit
Number Description Page Number
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99 Press Release dated 3
June 14, 1997 of PennRock
Financial Services Corp.
SIGNATURE
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Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
PENNROCK FINANCIAL SERVICES CORP.
By: /s/ Glenn H. Weaver
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Glenn H. Weaver, President
Dated: June 24, 1997
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Exhibit 99
(PennRock Financial Services Corp. Letterhead)
PRESS RELEASE
For Immediate Release
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Contact:
Glenn H. Weaver, President
PennRock Financial Services Corp.
(717) 354-4541
BLUE BALL, PENNSYLVANIA, June 24, 1997 - PennRock Financial Services Corp.,
the parent bank holding company of Blue Ball National Bank, today announced
that its Board of Directors has authorized the repurchase of up to 200,000
shares of its $2.50 par value common stock, or approximately 3.3% of such
shares outstanding.
The repurchases are authorized to be made from time to time in open market
or privately negotiated transactions during the next year. According to
Executive Vice President and Chief Executive Officer Melvin Pankuch, the
repurchased shares will be held as treasury shares available for issuance
in connection with future stock dividends and stock splits, employee benefit
plans, executive compensation plans and for issuance under the Dividend
Reinvestment Plan.
PennRock Financial Services Corp. is a Lancaster County based bank holding
company with assets in excess of $590 million. Its wholly-owned subsidiary,
Blue Ball National Bank, operates 14 banking offices in Lancaster, Berks and
Chester Counties, Pennsylvania.
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