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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: August 31, 1999
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 August 19, 1999, the Company issued the following press release:
SECOND BANCORP ANNOUNCES STOCK REPURCHASE PROGRAM
WARREN, OHIO, AUGUST 19, 1999 - - SECOND BANCORP INCORPORATED (Nasdaq "SECD")
announced that its board of directors has authorized the discretionary buy-back
of up to 500,000 shares of the company's common stock. Assuming the full
repurchase is completed, the buy-back will represent 4.7% of the number of
company shares currently outstanding. The repurchase program is expected to be
implemented through open market transactions at prevailing market prices.
Treasurer David L. Kellerman indicated that "Stock repurchase programs like the
one we are announcing today are valuable tools in the aggressive management of
our capital position. The program will allow us to take advantage of the
opportunity to retire common shares at an attractive price with a resulting
small but positive impact on key earnings ratios."
Second Bancorp is a $1.48 billion bank holding company providing a full range of
commercial and consumer banking, trust, insurance and investment products and
services to communities in a nine county area of Northeastern and East-Central
Ohio through subsidiary Second National Bank's 36 office network.
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Additional information about Second Bancorp can be found on the World Wide Web
at www.prnewsire.com. Information about products and services offered by Second
National Bank can also be accessed at www.secondnationalbank.com.
CONTACT: Christopher Stanitz, Executive Vice President and Secretary,
330-841-0234 or fax, 330-841-0489.
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: August 31, 1999 /s/ David L. Kellerman
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David L. Kellerman, Treasurer
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