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): August 13, 1997
Granite State Bankshares, Inc.
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(Exact name of registrant as specified in its charter)
New Hampshire 0-14895 02-0399222
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(State or other jurisdiction (Commission File No.) (I.R.S. Employer
of incorporation) Identification No.)
Registrant's telephone number, including area code: (603) 352-1600
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Not Applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
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On August 13, 1997, Granite State Bankshares, Inc. (the "Registrant")
announced that it has terminated its stock repurchase program in connection
with its acquisition of Primary Bank (the "Acquisition"). The Acquisition is
intended to be accounted for as a pooling of interests.
For further information, see the Registrant's press release included
as Exhibit 99 to this report.
Item 7. Financial Statements Pro Forma Financial Information and Exhibits
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The following Exhibits are filed as part of this report:
Exhibit 99 Press Release of Granite State Bankshares, Inc.
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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.
GRANITE STATE BANKSHARES, INC.
DATE: August 14, 1997 By: /s/ William G. Pike
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William G. Pike
Executive Vice President and
Chief Financial Officer
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EXHIBIT INDEX
The following Exhibits are filed as part of this report:
Exhibit 99 Press Release of Granite State Bankshares, Inc.
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EXHIBIT 99
PRESS RELEASE OF
GRANITE STATE BANKSHARES, INC.
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[LETTERHEAD OF GRANITE STATE BANKSHARES, INC.]
FOR IMMEDIATE RELEASE
Contact: William G. Pike
Executive Vice President and CFO
(603) 352-1600
GRANITE STATE BANKSHARES, INC.
ANNOUNCES DATE OF SPECIAL MEETING AND
TERMINATION OF STOCK REPURCHASE PROGRAM
August 13, 1997--Keene, New Hampshire--Granite State Bankshares, Inc.
(Nasdaq: GSBI) today announced that it has scheduled a special meeting of
stockholders to approve the acquisition of Primary Bank, a New Hampshire
state-chartered guaranty (stock) savings bank. The special meeting will be
held on September 23, 1997, at 10:00 a.m. at the Keene Country Club, West
Hill Road, Keene, New Hampshire. Proxy Materials relating to the special
meeting were mailed on August 12, 1997.
In addition, Granite State announced that in connection with the acquisition
of Primary Bank, which is intended to be accounted for as a pooling of
interests, Granite State has terminated its stock repurchase program.
Granite State reported that 72,549 shares had been repurchased, under the
August 13, 1996 authorization.
Granite State Bankshares, Inc. is the parent company for Granite Bank, a New
Hampshire state-chartered commercial bank with offices located in Keene,
Chesterfield, Peterborough, Milford, Amherst, Durham and Portsmouth, New
Hampshire.
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