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UNITED STATES
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: November 27, 1998
SECOND BANCORP, INCORPORATED
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(Exact name of registrant as specified in its charter)
Ohio 0-15624 34-1547453
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(State of incorporation) (Commission (IRS Employer
File Number) Identification No.)
108 Main Avenue S.W., Warren, Ohio 44482-1311
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 330-841-0123
ITEM 5. OTHER EVENTS
On November 20, 1998, the Company issued the following press release:
SECOND BANCORP COMPLETES TRUMBULL FINANCIAL ACQUISITION
WARREN, OHIO, NOVEMBER 20, 1998--SECOND BANCORP INCORPORATED (Nasdaq: "SECD")
reported that its acquisition of TRUMBULL FINANCIAL CORPORATION, first announced
in May of this year, has been completed and was effective as of the close of
business on Thursday, November 19. Immediately upon completion of the merger of
Trumbull Financial into Second Bancorp, Trumbull's state chartered thrift
subsidiary, The Trumbull Savings and Loan Company, was merged into Second
Bancorp subsidiary Second National Bank of Warren. Trumbull Savings' five
Trumbull County offices and two Steubenville, Jefferson County offices opened
for business today as full service Second National Bank branches. As part of the
reorganization, Second National's offices in Howland and Newton Falls have been
consolidated into larger, nearby facilities formerly operated by Trumbull
Savings and will continue to provide a full range of financial products and
services through those offices. The previously approved Trumbull branch in
Twinsburg, Summit County is scheduled to open as a Second National office during
the first quarter of 1999.
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Alan G. Brant, Chairman and President of Second Bancorp, stated that "We are
very excited about opportunities resulting from this significant business
combination and have already begun to recognize efficiencies and other benefits
which will help us better serve our customers, employees, shareholders and the
communities where we operate. We welcome all of Trumbull's constituents to the
Second National Bank family and look forward to introducing the Steubenville
market to the unique blend of comprehensive, innovative financial products and
personal service that our markets in Northeastern Ohio have come to expect. The
merger of these traditional Warren, Ohio institutions creates a leading market
share in Trumbull County and helps assure that predominately locally owned and
operated community banking will continue to flourish in the Mahoning Valley and
this part of Ohio."
With the completion of this acquisition, Second Bancorp is a $1.43 billion bank
holding company providing a full range of commercial and consumer banking,
trust, insurance and investment products and services to communities in an eight
county area of Northeastern and East-Central Ohio through Second National Bank's
34 office network.
CONTACT: Christopher Stanitz, Executive Vice President and Secretary,
330-841-0234 or fax, 330-841-0489.
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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.
Second Bancorp, Incorporated
Date: November 27, 1998 /s/ David L. Kellerman
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David L. Kellerman, Treasurer
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