FIRST COASTAL CORP
8-K, 2000-11-09
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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<PAGE>

                      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


                               NOVEMBER 1, 2000
               ------------------------------------------------
               Date of Report (Date of earliest event reported)


                           FIRST COASTAL CORPORATION
              ------------------------------------------------
            (Exact name of registrant as specified in its charter)

       DELAWARE                      0-14087                    06-1177661
----------------------         ---------------------       --------------------
(State or other jurisdiction   (Commission File No.)           (IRS Employer
     of incorporation)                                      Identification No.)

 1200 CONGRESS STREET, PORTLAND, MAINE                             04102
----------------------------------------                         ---------
(Address of principal executive offices)                         (Zip Code)


      Registrant's telephone number, including area code:  (207) 774-5000


                       36 Thomas Drive, Westbrook, Maine
                       ---------------------------------
                (Former address, if changed since last report)
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ITEM 5.   Other Events.
          ------------

     First Coastal Corporation (the "Company") and ChaseMellon Shareholder
Services, L.L.C. (the "Rights Agent") entered into the Amendment No. 3 to Rights
Agreement ("Amendment No. 3") as of November 1, 2000, which amendment provided
for certain changes to the Rights Agreement, dated as of February 25, 1998, as
previously amended, between the Company and the Rights Agent.

     The Amendment No. 3 is attached to this Current Report on Form 8-K as
Exhibit 99(a) and is hereby incorporated by reference herein and made a part
hereof.


ITEM 7.   Financial Statements and Exhibits.
          ---------------------------------

(a)       Not applicable.

(b)       Not applicable.

(c)       Exhibits

          99(a)     Amendment No. 3 to Rights Agreement, dated as of November 1,
                    2000, between the Company and ChaseMellon Shareholder
                    Services, L.L.C.

                                       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.

                                    FIRST COASTAL CORPORATION



Date: November 9, 2000                   By:  /s/ Gregory T. Caswell
                                              ----------------------
                                              Gregory T. Caswell
                                              President and Chief Executive
                                                Officer

                                       3
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                                 EXHIBIT INDEX


EXHIBIT NO.    IDENTITY OF EXHIBIT
-----------    -------------------

   99(a)       Amendment No. 3 to Rights Agreement, dated as of November 1,
               2000, between the Company and ChaseMellon Shareholder Services,
               L.L.C.

                                       4


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