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 - September 27, 1999
Penn Laurel Financial Corp.
(Exact name of registrant as specified in its charter)
Pennsylvania 333-75585 25-1525451
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification Number)
434 State Street 16833
Curwensville, PA -----------------
- --------------------------------------- (Zip Code)
(Address of principal executive offices)
Registrant's telephone number including area code: (814) 236-2552
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N/A
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(Former name or former address, if changed since last report)
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Item 1. Changes in Control of Registrant.
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Not Applicable.
Item 2. Acquisition or Disposition of Assets.
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Not Applicable.
Item 3. Bankruptcy or Receivership.
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Not Applicable.
Item 4. Changes in Registrant's Certifying Accountant.
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Not Applicable.
Item 5. Other Events.
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On September 27, 1999, Registrant, announced that although the
shareholders of Penn Laurel Financial Corp. approved the
proposed merger of CSB Bank with and into the Clearfield Bank
& Trust Company, the Clearfield shareholders did not approve
the transaction. Penn Laurel is exercising its Warrant to
acquire 40,791 shares of Clearfield Bank & Trust Company
Common Stock.
We include a copy of the Press Release regarding the proposed
transaction and subsequent Warrant exercise as Exhibit 99 to
this Current Report on Form 8-K.
Item 6. Resignations of Registrant's Directors.
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Not Applicable.
Item 7. Financial Statements and Exhibits.
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(a) Not Applicable.
(b) Not Applicable.
(c) Exhibits:
99 Press Release of Registrant, dated September 27, 1999.
Item 8. Change in Fiscal Year.
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Not Applicable.
Item 9. Sales of Equity Securities Pursuant to Regulation S
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Not Applicable.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has
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duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
PENN LAUREL FINANCIAL CORP.
(Registrant)
Dated: October 8, 1999 /s/ Wesley M. Weymers
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Wesley M. Weymers
Vice President
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EXHIBIT INDEX
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Page Number
in Manually
Exhibit Signed
99 Press Release of Registrant, dated September 27, 1999. 7
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EXHIBIT 99
PRESS RELEASE
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<PAGE>
PRESS RELEASE
PENN LAUREL FINANCIAL CORP.
RE: PROPOSED MERGER WITH
CLEARFIELD BANK & TRUST COMPANY
Curwensville, Pennsylvania
September 27, 1999
Contact Person: Larry W. Brubaker (814)236-2550
Larry W. Brubaker, President and Chief Executive Officer of Penn Laurel
Financial Corp., and Chairman and Chief Executive Officer of CSB Bank, today
announced that although the shareholders of Penn Laurel approved the proposed
merger of CSB Bank with and into Clearfield Bank & Trust Company, the Clearfield
shareholders did not approve the transaction. Penn Laurel has notified
Clearfield that it is exercising its Warrant to acquire 40,791 shares of
Clearfield Bank & Trust Company Common Stock. The Clearfield common stock will
not be issued until Penn Laurel has received all required governmental or
regulatory approvals.
Penn Laurel Financial Corp. is a $132 million bank holding company
headquartered in Curwensville, Clearfield County, Pennsylvania. CSB Bank, its
sole subsidiary, has its main office in Curwensville and four branch offices,
also in Clearfield County, along with its St. Marys branch office in Elk County.
Although disappointed that the merger with Clearfield will not take place,
Penn Laurel and CSB Bank will continue and enhance the quality banking services
and products that we provide to our customers in the communities that we serve
and to strategically plan for the company's future.
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