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 9, 1998
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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 9, 1998 relating to the extension 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 9, 1998 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 22, 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 9, 1998 _ PennRock Financial
Services Corp., the parent bank holding company of Blue Ball
National Bank, today announced that its Board of Directors
has authorized a 12 month extension of the repurchase
program adopted in June of 1997. Under that program,
PennRock is authorized to repurchase up to 200,000 shares of
its $2.50 par value common stock, or approximately 3.3% of
such shares outstanding. PennRock has repurchased
approximately 55,366 shares since the program was adopted
last year.
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 of approximately $700
million. Its wholly-owned subsidiary, Blue Ball National
Bank, operates 13 banking offices in Lancaster, Berks and
Chester Counties, Pennsylvania.
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