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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: May 25, 2000
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 May 23, 2000, the Company issued the following press release:
SECOND BANCORP ELECTS
FINANCIAL HOLDING COMPANY STATUS
WARREN, OHIO, MAY 23, 2000--SECOND BANCORP INCORPORATED (NASDAQ "SECD")
announced it has elected to become a financial holding company under provisions
of the Financial Services Modernization Act enacted by Congress late last year.
Second Bancorp's notice of election filed with the Federal Reserve Bank of
Cleveland became effective May 19, 2000. Financial holding company status is
limited to bank holding companies with banking subsidiaries certified to be well
managed, well capitalized and in compliance with appropriate provisions of the
Community Reinvestment Act. President and Chief Executive Officer Rick L.
Blossom stated, "Second Bancorp's conversion from a bank holding company to a
financial holding company positions us to take advantage of expanded operating
authorities and expedited regulatory treatment under the Act. We continue in our
commitment to aggressively, yet prudently, grow the value of our franchise and
believe Congress's actions represent a significant opportunity for us."
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Second Bancorp is a $1.6 billion financial 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.
ADDITIONAL INFORMATION ABOUT SECOND BANCORP CAN BE FOUND ON THE WORLD WIDE WEB
AT WWW.PRNEWSWIRE.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, phone
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: May 25, 2000 /s/ David L. Kellerman
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David L. Kellerman, Treasurer
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