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 8, 1999
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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)
Registrant's telephone number, including area code (717) 354-4541
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N/A
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(Former name or former address, if changes since last report)
<PAGE> 1
Item 5. Other Events.
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The press release of PennRock Financial Services Corp. dated
June 8, 1999 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 8, 1999 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 8, 1999
<PAGE> 2
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 8, 1999 - - 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 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 $730 million. Its wholly-
owned subsidiary, Blue Ball National Bank, operates 14 banking offices
in Lancaster, Berks and Chester Counties, Pennsylvania.
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