Securities and Exchange Commission
Washington, DC 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) September 29, 1997
Sterling Financial Corporation
(Exact name of registrant as specified in its charter)
Pennsylvania 0-16276 23-2449551
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
101 North Pointe Boulevard, Lancaster, Pennsylvania 17601-4133
(Address of principal executive offices) (Zip Code)
Registrant's Telephone number, including area code (717) 581-6030
N/A
(Former name or former address, if changed since last report)
ITEM 5 - OTHER EVENTS
On September 29, 1997, the Registrant issued a press release announcing
the decision to apply to the National Association of Securities
Dealers for quotation of the Company's common stock on the
NASDAQ National Market System, which press release is attached as
Exhibit 99 hereto and incorporated herein by reference.
ITEM 7 - FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits:
99 Press Release, of Registrant, dated Sepember 29, 1997,
re: NASDAQ National Market Application
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.
Sterling Financial Corporation
By:
John E. Stefan, Chairman of the Board,
President and Chief Executive Officer
By:
Ronald L. Bowman, Vice President
and Secretary
DATE September 29, 1997
EXHIBIT INDEX
Page Number in
Manually Signed
Exhibit Original
99 Press Release, dated September 29, 1997,
of Registrant re: NASDAQ National Market
Application. 5
Exhibit 99
Press Release
STERLING FINANCIAL CORPORATION
TO APPLY FOR QUOTATION OF ITS SHARES ON THE NASDAQ NATIONAL MARKET SYSTEM
Lancaster, Pennsylvania--At a recent meeting of the Board of Directors
of Sterling Financial Corporation, the directors decided to apply to the
National Association of Securities Dealers for quotation of the Company's
common stock on the NASDAQ National Market System, John E. Stefan,
President and Chief Executive Officer, announced. Sterling Financial
Corporation, whose trading symbol is "SLFI", is a bank holding company,
with Bank of Lancaster County, N.A. ("Bank of Lancaster County") as its
wholly-owned banking subsidiary. Bank of Lancaster County owns and operates
Town and Country, Inc., a vehicle and equipment leasing company. Bank of
Lancaster County offers a full range of commercial and consumer
banking services, as well as trust services, through twenty-eight
full service community office locations in Lancaster County, Pennsylvania.
Mr. Stefan noted that Sterling Financial Corporation's entry into the
NASDAQ National Market will provide brokers and others with immediate
access to the best bid and ask prices and other information about the
company's shares throughout the trading day. Those prices are available in
over more than 300,000 electronic terminals in brokers' offices throughout
the United States and the world. Trading data is also distributed widely
through wire services for selective dissemination by the newspapers
and radio and television stations.
In addition to increased market visibility, NASDAQ/NMS will offer
Sterling Financial Corporation the advantage of multiple market makers that
compete to offer the best bid and ask prices, as opposed to a single
specialist on the floor of the stock exchange. Mr. Stefan anticipates
that the company's shares will be listed on the NASDAQ/NMS by the fourth
quarter of 1997 or the first quarter of 1998.
