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)
November 18, 1999
IBT Bancorp, Inc.
-----------------
(Exact name of Registrant as specified in its Charter)
Pennsylvania 0-25903 25-1532164
------------ ------- ----------
(State or other jurisdiction (SEC File No.) (IRS Employer
of incorporation) Identification Number)
309 Main Street, Irwin, Pennsylvania 15642
- ------------------------------------ -----
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (724) 863-3100
--------------
Not Applicable
--------------------------------------------------------------
(Former name or former address, if changed since last Report)
<PAGE>
INFORMATION TO BE INCLUDED IN REPORT
Item 5. Other Events
IBT Bancorp, Inc. today announced that its board of directors has approved
a repurchase plan covering up to 5%, or 151,000 shares of the company's common
stock. Repurchases may be made from time to time. For further details, reference
is made to the press release dated November 18, 1999, which is attached hereto
as Exhibit 99 and incorporated herein by this reference.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits
Exhibit 99 -- Press Release dated November 18, 1999.
2
<PAGE>
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, thereunto duly authorized.
IBT Bancorp, Inc.
Date:November 18, 1999 By: /s/Charles G.Urtin
----------------------- ----------------------------
Charles G. Urtin
Executive Vice President
EXHIBIT 99
<PAGE>
[IBT BANCORP, INC. LETTERHEAD]
FOR IMMEDIATE RELEASE FOR FURTHER INFORMATION
- --------------------- -----------------------
CONTACT:
--------
November 18, 1999 Charles G. Urtin, Executive Vice President
(724) 863-3100
IBT BANCORP, INC. ANNOUNCES STOCK REPURCHASE
Irwin, Pennsylvania -- IBT Bancorp, Inc. (OTC Bulletin Board - IBTB) today
announced that its board of directors has approved a repurchase plan covering up
to 5%, or 151,100 shares of the company's common stock. Repurchases may be made
from time to time.
The company is the holding company for Irwin Bank & Trust Company of
Pennsylvania. The company has consolidated assets of approximately $446 million.
The bank operates from its main office, five branch offices, four supermarket
branch offices and a loan office all in Westmoreland and Allegheny counties in
Western Pennsylvania. The bank offers full service banking and trust services
and its deposits are insured up to the maximum legal amount by the Federal
Deposit Insurance Corporation ("FDIC").
